Now trading at a price of $16.99, Gold Fields has moved 3.2% so far today.
Gold Fields returned gains of 5.4% last year, with its stock price reaching a high of $18.97 and a low of $10.31. Over the same period, the stock underperformed the S&P 500 index by -21.1%. The company's 50-day average price was $16.15. Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, 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 2.5% dividend yield over the last 12 months.
Growing Revenues 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 |
| Earnings Per Share | n/a | -$0.42 | $0.19 | $0.81 | $0.88 | $0.78 |
| Free Cash Flow (M) | $732 | $569 | $232 | $528 | $142 | $310 |
| 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 |
Gold Fields's Valuation Is in Line With Its Sector Averages:
Gold Fields has a trailing twelve month P/E ratio of 20.4, compared to an average of 16.53 for the Basic Materials sector. Based on its EPS guidance of $1.57, the company has a forward P/E ratio of 10.3. Furthermore, Gold Fields is likely overvalued compared to the book value of its equity, since its P/B ratio of 3.39 is higher than the sector average of 2.07. The company's shares are currently trading 83.9% below their Graham number. Ultimately, Gold Fields's strong cash flows, decent earnings multiple, and healthy debt levels factor towards it being fairly valued, its elevated P/B ratio notwithstanding.
Gold Fields Has an Average Rating of Hold:
The 3 analysts following Gold Fields have set target prices ranging from $14.0 to $17.0 per share, for an average of $15.33 with a hold rating. The company is trading 10.8% away from its average target price, indicating that there is an analyst belief that shares are overpriced.
The largest shareholder is Van Eck Associates Corporation, whose 5% stake in the company is worth $802,633,108.
