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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Gold Fields Limited    GFI   ZAE000018123

GOLD FIELDS LIMITED

(GFI)
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S.Africa's Gold Fields posts 7% higher Q3 output; maintains FY outlook

11/12/2020 | 02:01am EST

Nov 12 (Reuters) - South African miner Gold Fields on Thursday reported a 7% higher production in the third quarter, driven by the recent surge in gold prices as investors sought safety in bullion amid the COVID-19 crisis.

The bullion miner said attributable gold equivalent output rose to 557,000 ounces during the quarter ended September from 523,000 ounces during the same period a year earlier.

Gold prices climbed to record highs of above $2,000 an ounce in August and have cushioned miners from the impact of the pandemic.

The miner, which has operations in Ghana, Australia, Peru and Chile, maintained its full-year production outlook of 2.2 million ounces to 2.25 million ounces.

Gold Fields, however, said a second wave of coronavirus infections could disrupt production and might be a drag on its cost outlook.

The company said its net debt to EBITDA ratio as of September end stood at 0.68 times, compared with 0.84 times at June end.

Rival AngloGold Ashanti last week doubled its dividend payout ratio as profits soared and borrowings decreased on the back of stronger gold prices. (Reporting by Aby Jose Koilparambil in Bengaluru and Tanisha Heiberg in Johannesburg; Editing by Ramakrishnan M.)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANGLOGOLD ASHANTI LIMITED -3.22% 336.1 End-of-day quote.-1.87%
GOLD 0.08% 1841.8 Delayed Quote.-4.61%
GOLD FIELDS LIMITED -5.17% 133.75 End-of-day quote.-2.78%
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Financials
Sales 2020 60 678 M 4 052 M 4 052 M
Net income 2020 10 059 M 672 M 672 M
Net Debt 2020 15 930 M 1 064 M 1 064 M
P/E ratio 2020 11,0x
Yield 2020 2,80%
Capitalization 118 B 7 885 M 7 891 M
EV / Sales 2020 2,21x
EV / Sales 2021 1,84x
Nbr of Employees 5 655
Free-Float 99,8%
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Technical analysis trends GOLD FIELDS LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 204,27 ZAR
Last Close Price 133,75 ZAR
Spread / Highest target 109%
Spread / Average Target 52,7%
Spread / Lowest Target 19,6%
EPS Revisions
Managers and Directors
NameTitle
Nicholas John Holland Chief Executive Officer & Executive Director
Cheryl Ann Carolus Non-Executive Chairman
Paul A. Schmidt Chief Financial Officer & Executive Director
Richard J. Butcher Executive Vice President-Technical
Richard Peter Menell Deputy Chairman
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