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Investing in Gold Fields Ltd ADR (GFI) Is Getting More Attractive

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”.

Price Performance Review of GFI

On Tuesday, Gold Fields Ltd ADR [NYSE:GFI] saw its stock jump 2.46% to $14.18. Over the last five days, the stock has gained 7.75%. Gold Fields Ltd ADR shares have risen nearly 7.42% since the year began. Nevertheless, the stocks have risen 10.95% over the past one year. While a 52-week high of $18.97 was reached on 01/07/25, a 52-week low of $12.19 was recorded on 01/02/25. SMA at 50 days reached $14.68, while 200 days put it at $15.60.

Levels Of Support And Resistance For GFI Stock

The 24-hour chart illustrates a support level at 13.98, which if violated will result in even more drops to 13.79. On the upside, there is a resistance level at 14.51. A further resistance level may holdings at 14.84. The Relative Strength Index (RSI) on the 14-day chart is 51.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.71%. Stochastics %K at 64.41% 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 2024-12-13, dropping by -0.28 million shares to a total of 7.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.16 million shares. There was a decline of -3.58%, which implies that there is a negative sentiment for the stock.

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