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drbubb

South African Gold Stocks - charts

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That's great !

There was a nice jump in the stock price yesterday - so that must be why.

I was hoping for something like that when I bought the GFI calls

 

Here's the news from another source:

 

Gold Fields unbundles

 

BY TRANSCRIPT SERVICE, NOVEMBER 30 2012

 

NICK Holland is CEO of Gold Fields.

SUMMIT TV: A new South African mining company has been created with the unbundling of Gold Field’s South African assets. Cynics might say you’re not "liberating" your South African gold mining assets but jettisoning them?

 

NICK HOLLAND: I would disagree and the reason is that these assets we are talking about are not the entire South African portfolio — these are what we can call the legacy conventional mines that are very labour-intensive, tabular narrow reef bodies that require a different focus given the maturity profile of the assets. We believe that by creating a focused management team that will help drive value out of these operations we can turn them around and stop the decline.

. . .

NH: I think shareholders would demand this kind of action sooner or later because they are asking for different investment choices. One of the reasons we are seeing a sell-off of mining stocks in South Africa is that investors offshore and some onshore investors are looking for different investment choices — they don’t necessarily want to own a piece of a gold mining company with significant exposure to the old mature and labour-intensive assets but they do like the other assets so if you don’t give them the choice they may retreat from the share altogether. It’s better to give them the choice and then we will see a new breed of investor coming into the stock.

 

STV: Your slides showed the drop in shareholders from Europe and America. Do you think that will change?

 

NH: I think it will. In fact, I still think there will be a significant interest from foreign investors into Sibanye because a lot of foreign investors want to own gold stocks for their yield. This has the potential to be a high yield stock and also leverage where you’re getting leverage to the rand gold price and not just the dollar gold price.

===

/more: http://www.bdlive.co...ields-unbundles

=== ===

 

GFI: $ 12.35 Change: arrow_dn_sm.gif -0.22

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As the "new" Gold Fields (GFI +1.5%) and its Sibanye Gold (SBGL) spinoff begin trading in the...

  • Tuesday, February 12, 12:36 PM ET
  • As the "new" Gold Fields (GFI +1.5%) and its Sibanye Gold (SBGL) spinoff begin trading in the U.S. and South Africa, J.P. Morgan rates the new GFI at Outperform, as the unbundling of Sibanye "will allow management to focus on growing production and returns from its existing mines... as well as from its exploration and project pipeline, without the distraction of managing the very different legacy mines."

============

GFI / Goldfields ... All Data : 5yrs-chart : 6mos

 

gfi.gif

 

It seems that others did not rate the new Rump- GFI so highly:

 

(1)

Gold Fields (GFI) Downgraded To 'Sector Underperformer' By CIBC ...

iStockAnalyst (press release)-Feb 19, 2013

Gold Fields Ltd. (NYSE: GFI) shares were downgraded to "sector underperformer" from "sector performer" by CIBC World ..

Gold Fields now enters a new era with a revised strategy focusing on cash flow generation, high dividend payouts, and cautious growth, CIBC wrote.

"We maintain our previously articulated view that we do not expect the company to attract a higher rating yet," the brokerage said.

"Although this strategy could eventually deliver higher margins and higher dividends, it implies more near-term production cuts (as high-cost operations are stopped) and slower growth than previously forecast," CIBC said. "This is after having pulled back our numbers sharply a couple of months ago."

 

(2)

Gold Fields Ltd Stock Downgraded (GFI)

TheStreet.com-Feb 22, 2013

NEW YORK (TheStreet) -- Gold Fields (NYSE:GFI) has been downgraded by TheStreet Ratings from buy to hold.

 

Highlights from the ratings report include:

 

The current debt-to-equity ratio, 0.30, is low and is below the industry average, implying that there has been successful management of debt levels.

 

35.50% is the gross profit margin for GOLD FIELDS LTD which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 5.67% trails the industry average.

 

Net operating cash flow has declined marginally to $395.20 million or 0.77% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.

 

The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 83.9% when compared to the same quarter one year ago, falling from $336.20 million to $54.20 million.

 

- See more at: http://www.thestreet...h.T36GxS7r.dpuf

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Gold Fields Declares Semiannual Dividend of $0.08 (GFI)

 

Jags Report-Feb 20, 2013

 

Gold Fields (NYSE:GFI) declared a semiannual dividend on Wednesday, February 20th. Investors of record on Friday, March 8th will be given a dividend of $0.08 per share on Thursday, March 21st. This represents a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, March 6th.

A number of research firms have also recently commented on GFI. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Gold Fields in a research note to investors on Wednesday. Finally, analysts at Zacks downgraded shares of Gold Fields from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $10.30 price target on the stock.

Four equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, five have issued a hold rating, and three have issued a sell rating to the company. The company currently has an average rating of “hold” and a consensus price target of $10,198.79.

Shares of Gold Fields (GFI) traded down 4.63% during mid-day trading on Wednesday, hitting $10.31. Gold Fields (GFI) has a one year low of $10.75 and a one year high of $16.09. The stock’s 50-day moving average is currently $11.9. The company has a market cap of $7.522 billion and a P/E ratio of 12.30.

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GFI touched $8.02, and $8.01 on Monday

 

GFI : 8.08 +0.03 / Percent Change: +0.37%

Open: 8.16 / High: 8.20 / Low: 8.02

Volume: 5,125,529

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