Now trading at a price of $15.44, Gold Fields has moved 3.1% so far today.
Gold Fields returned gains of 36.7% last year, with its stock price reaching a high of $17.78 and a low of $10.31. Over the same period, the stock outperformed the S&P 500 index by 3.7%. More recently, the company's 50-day average price was $13.64. Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. Based in Sandton, South Africa, the Large-Cap Basic Materials company has 6,297 full time employees. Gold Fields has offered a 2.7% dividend yield over the last 12 months.
Strong Revenue Growth With No Capital Eexpenditures:
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $2,762 | $2,578 | $2,967 | $3,892 | $4,195 | $4,287 |
| Gross Margins | 24% | 21% | 31% | 45% | 43% | 39% |
| Net Margins | -1% | -14% | 5% | 19% | 19% | 17% |
| Net Income (M) | -$19 | -$348 | $162 | $723 | $789 | $711 |
| Total Debt (M) | $1,588 | $1,814 | $1,161 | $1,443 | $1,078 | $1,079 |
| Current Ratio | 1.3 | 1.73 | 0.78 | 1.89 | 7.21 | 7.05 |
Trades Below Its Graham Number but Has an Elevated P/E Ratio:
Gold Fields has a trailing twelve month P/E ratio of 17.3, compared to an average of 16.53 for the Basic Materials sector. Based on its EPS guidance of $0.24, the company has a forward P/E ratio of 56.8. Furthermore, Gold Fields is likely overvalued compared to the book value of its equity, since its P/B ratio of 3.08 is higher than the sector average of 2.07. The company's shares are currently trading -40.2% below their Graham number. Overall, Gold Fields's lofty valuation in terms of earnings and assets is to some extent attenuated by its strong cash flow trend and reasonable levels of debt.
There's an Analyst Consensus of Little Upside Potential for Gold Fields:
The 4 analysts following Gold Fields have set target prices ranging from $12.0 to $17.0 per share, for an average of $14.55 with a hold rating. The company is trading 6.1% away from its average target price, indicating that there is an analyst consensus of little upside potential.
The largest shareholder is Van Eck Associates Corporation, whose 5% stake in the company is worth $684,093,252.
