As this happened, Investec upgraded its Gold Fields Ltd ADR [GFI] rating to a Buy from a a Hold in a research note published recently. BMO Capital Markets also remained covering GFI and has increased its forecast on June 26, 2024 with a “Market perform” recommendation from previously “an Underperform” rating. UBS revised its rating on April 10, 2024. It rated GFI as “a Neutral” which previously was an “a Buy”.
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Price Performance Review of GFI
On Tuesday, Gold Fields Ltd ADR [NYSE:GFI] saw its stock jump 2.62% to $14.50. Over the last five days, the stock has lost -1.56%. Gold Fields Ltd ADR shares have risen nearly 0.28% since the year began. Nevertheless, the stocks have fallen -6.27% over the past one year. While a 52-week high of $18.97 was reached on 04/12/24, a 52-week low of $12.19 was recorded on 01/09/24. SMA at 50 days reached $15.78, while 200 days put it at $15.63.
Levels Of Support And Resistance For GFI Stock
The 24-hour chart illustrates a support level at 14.27, which if violated will result in even more drops to 14.04. On the upside, there is a resistance level at 14.63. A further resistance level may holdings at 14.76. The Relative Strength Index (RSI) on the 14-day chart is 42.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.14%. Stochastics %K at 50.33% indicates the stock is a holding.
How much short interest is there in Gold Fields Ltd ADR?
A steep rise in short interest was recorded in Gold Fields Ltd ADR stocks on 2024-11-15, growing by 0.65 million shares to a total of 8.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.51 million shares. There was a rise of 7.91%, which implies that there is a positive sentiment for the stock.
