|Bid||8.65 x 2200|
|Ask||8.70 x 2900|
|Day's Range||8.53 - 8.78|
|52 Week Range||3.79 - 14.90|
|Beta (5Y Monthly)||0.61|
|PE Ratio (TTM)||30.24|
|Forward Dividend & Yield||0.19 (2.24%)|
|Ex-Dividend Date||Sep 10, 2020|
|1y Target Est||13.65|
Gold prices have soared this year, but the real rally may be able to kick into high gear as some analysts predict major gains in the not-so-distant future
Gold mining stocks have sold off in recent weeks. Could a return to chart support strike buying interest in these two leading gold ETFs?
Gold Fields Limited (NYSE: GFI) (JSE: GFI) remains in a strong financial position. During Q3 2020, there was a further decrease in the net debt balance (including leases) to US$1,159m at 30 September 2020 from US$1,239m at 30 June 2020, after taking into account the interim dividend payment of US$85m. This implies a net debt to EBITDA of 0.68x, compared to 0.84x at end June 2020. The net debt balance (excluding leases) decreased to US$796m from US$876m at the end of June 2020.