Recommended Momentum ‘How’ and ‘Why’: Gold Fields Limited (NYSE:GFI), McEwen Mining Inc. (NYSE:MUX)

Shares of Gold Fields Limited (NYSE:GFI) [Trend Analysis] runs in leading trade, it surging 4.65% to traded at $3.60. The firm has price volatility of 4.43% for a week and 4.77% for a month. Its beta stands at -0.94 times. The GFI held a rough session during the week but was ready to get some critical analysis. The stock was assessed by a pool of analysts at WSJ and came out with some serious outcomes not to be avoided before making investment. The GFI ratings chart showed that 6 gave HOLD ratings for the current month, whereas, 1 Analyst out of pool gave UNDERWEIGHT rating. For stocks’ current month, 4 analysts opted for BUY ratings as compared to 1 opting for SELL in the same period. The stock price target chart showed average price target of 4.08 as compared to current price of 3.60.

Taking look on per share earnings estimates, on annual basis FY 2016 estimate trends at current was for $0.32 as compared to one month ago of $0.34, and for next year per share earnings estimates have $0.27. Narrow down four to firm performance, its weekly performance was 9.42% and monthly performance was 26.76%. The stock price of GFI is moving up from its 20 days moving average with 17.97% and isolated positively from 50 days moving average with 11%.

McEwen Mining Inc. (NYSE:MUX) [Trend Analysis] luring active investment momentum, shares a gain 3.96% to $3.94. Lets us look over what analysts have to say about performance of the MUX. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. While on annual basis the current EPS estimates trend for FY 2017 came in for $0.14 as compared to three months ago $0.14.

The stock prices target chart showed high target of 5 kept by analysts at WSJ while the average price target was for 5 as compared to current price of 3.94. Somehow, the stock managed to gain BUY ratings by 1 analyst in current tenure, 0 recommend as HOLD. Overall, the consensus ratings were for Buy by the pool of analysts.

The total volume of 4.32 Million shares held in the session was surprisingly higher than its average volume of 4207.32 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 93.50%, and looking further price to next year’s EPS is 40%. While take a short look on price to sales ratio, that was 19.11 and price to earnings ratio of 112.57 attracting passive investors.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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