Research Desk Line-up: B2Gold Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 8, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Gold Fields Ltd (NYSE: GFI), which can be viewed by registering at http://protraderdaily.com/optin/'symbol=GFI, following the Company's release of its first half of fiscal 2017 (H1 FY17) earnings on August 17, 2017. The Johannesburg, South Africa-based Company's revenues were up by 2% y-o-y during the first half of FY17. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
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Get more of our free earnings reports coverage from other constituents of the Gold industry. Pro-TD has currently selected B2Gold Corp. (NYSE AMERICAN: BTG) for due-diligence and potential coverage as the Company announced on August 09, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on B2Gold when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GFI; also brushing on BTG. With the links below you can directly download the report of your stock of interest free of charge at:
http://protraderdaily.com/optin/'symbol=GFI
http://protraderdaily.com/optin/'symbol=BTG
Earnings Reviewed
During the H1 FY17, Gold Fields reported revenues of $1.33 billion compared to $1.30 billion in H1 FY16. The Company attributed the growth in half yearly revenues to higher gold prices and increased gold sales volume.
The gold mining Company's net earnings attributable to owners of the parent fell to $53.0 million, or $0.07 per share, in H1 FY17 from $115.3 million, or $0.14 per share, in the prior year's comparable period. The Company's headline earnings attributable to owners of the parent for H1 FY17 came in at $69.9 million, or $0.09 per share, compared to $123.9 million, or $0.16 per share, in H1 FY16. Furthermore, the Company posted normalized earnings of $76.9 million, or $0.10 per share, for the six months ended June 30, 2017, versus $103.3 million, or $0.13 per share, in the first six months of FY16.
Operating Metrics
In H1 FY17, the Company's net operating costs were $707.2 million, up from $666.3 million in H1 FY16. The Company's operating profit for the reported period came in at $627.4 million versus $638.6 million in H1 FY16. Furthermore, the Company reported net operating profit of $303.9 million for H1 FY17 compared to $339.0 million in the prior year's comparable period.
Production Numbers
The Company's Gold production volume in H1 FY17 was 1.05 million ounces compared to 1.04 million ounces in the previous year's same period. The gold total all-in cost grew during H1 FY17 to $1,103 per ounce from $1,024 per ounce in H1 FY16. The all-in sustaining costs were $980 per ounce in H1 FY17 versus $992 per ounce in the prior year's comparable period. In H1 FY17, gold sales volume was 1.02 million ounces which came in flat compared to the previous year's corresponding period. Furthermore, the Company realized gold revenues were $1,232 per ounce during H1 FY17 compared to $1,218 per ounce in the last year's comparable period.
Cash Flow and Balance Sheet
In the six months ended June 30, 2017, the Company used $102.0 million in its operating activities, compared to cash flow from operating activities of $60.4 million in H1 FY16. Additionally, free cash flow during the reported period was $105.8 million.
As on June 30, 2017, cash and deposits balances stood at $492.8 million compared to $526.7 million as of December 31, 2016. Furthermore, the Company's net debt position as on June 30, 2017, was $1.36 billion, higher than $1.17 billion recorded on December 31, 2016.
Earnings Outlook
For its outlook for full year FY17, the Company expects gold production in the range of 2.10 million ounces to 2.15 million ounces. The Company's all-in sustaining costs for FY17 is projected to be between $1,010 per ounce and $1,030 per ounce.
Stock Performance
Gold Fields' share price finished yesterday's trading session at $4.68, rising 2.63%. A total volume of 5.87 million shares have exchanged hands. The Company's stock price soared 16.71% in the last one month, 23.16% in the past three months, and 58.64% in the previous six months. Additionally, the stock skyrocketed 55.48% since the start of the year. Shares of the Company have a PE ratio of 35.45 and have a dividend yield of 1.28%. The stock currently has a market cap of $3.84 billion.
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