| Analyzing the South-African Mining Companies | |
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Precious Metals Take a Nasty Fall as We Ring in the New Year (Continued from Prior Part) Miners rout
The current rout in precious metal prices has extended to the mining sector. The fall in gold and silver of 10.6% and 12.1%, respectively, has made the mining sector anemic, as seen in the Market Vectors Gold Miners ETF (GDX). GDX fell a whopping 25.7% in 2015. Most of the mining companies that are components of GDX fell hard in 2015. The Market Vectors Junior Gold Miners ETF (GDXJ) also took a steep fall of 19.9% in 2015.
Let’s concentrate now on the performance of South African mining companies in 2015.
South African miners
Major South African mining companies such as Sibanye Gold (SBGL), Gold Fields (GFI), and AngloGold Ashanti (AU) have fallen 20%, 391%, and 192%, respectively, so far in 2015. The fall was most likely due to the sharp fall in the prices of precious metals that these companies mine.
All three companies are trading at a significant discount from their next 12-month target price. The coming year may bring a ray of hope for these miners. Even though these three stocks are trading above their 20-day moving averages, a possible rebound in prices could be expected as 2016 sets in.
100-day moving average
Sibanye Gold and Gold Fields are trading at a premium of 9.3% and 1.5%, respectively, from their 100-day moving averages. AngloGold Ashanti is trading at a discount of 7.7% from its 100-day moving average. This could suggest that AngloGold may have a faster rebound in prices compared to the other two companies. GDX and GDXJ are trading at a discount of 4.7% and 4.8%, respectively, from their 100-day moving averages.
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Gold Fields ltd
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PRODUCTEUR |
CODE : GFI |
ISIN : US38059T1060 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Gold Fields est une société de production minière d'or basée en Afrique Du Sud. Gold Fields est productrice d'or, de cuivre au Ghana, au Perou, en Australie et en Afrique Du Sud, en développement de projets d'or au Mali, et détient divers projets d'exploration au Perou. Ses principaux projets en production sont ST IVES MINE et AGNEW en Australie, BEATRIX MINE, DRIEFONTEIN, KLOOF MINE, SOUTH DEEP, KLOOF et BEATRIX en Afrique Du Sud, DAMANG, TARKWA et DAMANG PROJECT au Ghana et CERRO CORONA au Perou, son principal projet en développement est KOMANA au Mali et ses principaux projets en exploration sont LOBO aux Philippines et CHUCAPACA et CANAHUIRE au Perou. Gold Fields est cotée aux Etats-Unis D'Amerique, en Afrique Du Sud et en France. Sa capitalisation boursière aujourd'hui est 11,7 milliards US$ (10,5 milliards €). La valeur de son action a atteint son plus bas niveau récent le 10 novembre 2000 à 1,69 US$, et son plus haut niveau récent le 13 septembre 2024 à 14,21 US$. Gold Fields possède 821 530 048 actions en circulation. |