Now trading at a price of $18.79, Gold Fields has moved 0.5% so far today.
Gold Fields returned gains of 49.0% last year, with its stock price reaching a high of $19.8 and a low of $12.28. Over the same period, the stock outperformed the S&P 500 index by 30.4%. More recently, the company's 50-day average price was $15.87. 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 6,559 full time employees. Gold Fields has offered a 2.8% dividend yield over the last 12 months.
An Excellent Current Ratio and Positive Cash Flows:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $2,578 | $2,967 | $3,892 | $4,195 | $4,287 | $4,501 |
| Net Margins | -14% | 5% | 19% | 19% | 17% | 16% |
| Net Income (M) | -$348 | $162 | $723 | $789 | $711 | $703 |
| Diluted Shares (M) | 822 | 829 | 883 | 888 | 891 | 894 |
| Earnings Per Share | -$0.42 | $0.19 | $0.81 | $0.88 | $0.78 | $0.77 |
| Free Cash Flow (M) | $569 | $232 | $528 | $142 | $310 | $1,193 |
| Total Debt (M) | $1,814 | $1,161 | $1,443 | $1,078 | $1,079 | $653 |
| Current Ratio | 1.73 | 0.78 | 1.89 | 7.21 | 7.05 | 4.21 |
Forward Earnings Expected to Increase but Trades Above Its Graham Number:
Gold Fields has a trailing twelve month P/E ratio of 22.4, compared to an average of 24.53 for the Basic Materials sector. Based on its EPS guidance of $1.91, the company has a forward P/E ratio of 8.3. According to the 27.7% compound average growth rate of Gold Fields's historical and projected earnings per share, the company's PEG ratio is 0.81. Taking the weighted average of the company's EPS CAGR and the broader market's 5-year projected EPS growth rate, we obtain a normalized growth rate of 16.1%. On this basis, the company's PEG ratio is 1.39. This implies that the shares are fairly valued. In contrast, Gold Fields is likely overvalued compared to the book value of its equity, since its P/B ratio of 3.23 is higher than the sector average of 2.64. The company's shares are currently trading 98.6% below their Graham number.
Gold Fields Has an Average Rating of Buy:
The 6 analysts following Gold Fields have set target prices ranging from $18.0 to $23.0 per share, for an average of $19.3 with a buy rating. The company is trading -2.6% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Gold Fields has a very low short interest because 1.3% of the company's shares are sold short. Institutions own 20.3% of the company's shares, and the insider ownership rate stands at 0.0%, suggesting a small amount of insider investors. The largest shareholder is Van Eck Associates Corporation, whose 5% stake in the company is worth $842,058,351.
