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Stock in Focus: Gold Fields Limited (GFI)

-- Sunday, July 24, 2022, 11:38 --

Company Profile:

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.

Recent News:

On July 11, 2022, South Africa’s Gold Fields announced plans to seek a listing on the Toronto Stock Exchange (TSX) if its proposed takeover of Canada’s Yamana Gold is successful, in a bid to win over investors, some of whom had criticised the deal.

On May 31, 2022, Gold Fields Limited (JSE, NYSE: GFI) and Yamana Gold Inc. (TSX:YRI) (NYSE:AUY) (LSE:AUY), announced that they have entered into a definitive agreement, under which Gold Fields will acquire all of the outstanding common shares of Yamana pursuant to a plan of arrangement.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects:

Price to Book Value – P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.

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Price to Earnings – PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).

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Discounted cash flow – DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.

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Return on Assets – ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.

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Return on Equity – ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.

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Debt to Equity – evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.

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Conclusion:

GFI receives outperform rating in price to book value, price to earnings, discounted cash flow and debt to equity. Technical indicators signal the bullish signs, as there is a bullish crossover in the MACD, the Stochastic oscillator is trying to cross back up and the RSI stands at 42.6 with positive bias. We rate Gold Fields Limited (GFI) a BUY.

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