GOLD FIELDS LIMITED

GFI
Real-time BATS EXCHANGE - 05/26 09:38:53 am
7.775USD
-1.71%

Gold Fields Limited : Close to a key resistance level

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David Meurisse
Contributor / Partner

Strategy published on : 05/20/2020 | 09:45

long trade
Live

Entry price : 8.47$
Target : 10.4$
Stop-loss : 7.4$
Potential : 22.79%

Shares in Gold Fields Limited are approaching an important resistance level. The stock's technical chart suggests that this pivot level will be broken.
Investors have an opportunity to buy the stock and target the $ 10.4.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The prospective high growth for the next fiscal years is among the main assets of the company

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● The company is in a robust financial situation considering its net cash and margin position.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The tendency within the weekly time frame is positive above the technical support level at 0


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

● The company is not the most generous with respect to shareholders' compensation.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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