NEW YORK (TheStreet) -- Shares of Gold Fields (GFI) were gaining 3.2% to $3.25 on Monday as gold prices were rising.

U.S. gold futures for August delivery were up 0.73% to $1,1712 an ounce on the Comex this afternoon.

Gold prices were higher after Greek voters rejected the country's creditor's conditions for providing monetary aid, according to Market Watch. The vote could increase the chance of Greece exiting the euro.

"This partly reflects the markets' generally relaxed attitude to the prospect of Grexit and the risks of contagion in particular...In addition, with the U.S. economy strengthening and the Fed still likely to raise rates later in the year, what safe-haven demand there is has been mopped up by the dollar," Julian Jessop, head of commodities research at Capital Economics, said in a note to investors.

Gold Fields is a mining company based in Johannesburg, South Africa with operations in South Africa, Peru, Ghana, and Australia.

Goldman Sachs upgraded its rating for Gold Fields to "neutral" from "sell" on June 30 saying there is short term potential for the stock given the rise in gold prices in the wake of the debt crisis in Greece.

TheStreet Ratings team rates GOLD FIELDS LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate GOLD FIELDS LTD (GFI) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins and weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • 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 4533.3% when compared to the same quarter one year ago, falling from -$0.30 million to -$13.90 million.
  • The gross profit margin for GOLD FIELDS LTD is currently lower than what is desirable, coming in at 33.77%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -2.27% is significantly below that of the industry average.
  • Net operating cash flow has decreased to $150.20 million or 24.10% 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's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, GOLD FIELDS LTD underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • Despite currently having a low debt-to-equity ratio of 0.56, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further.
  • You can view the full analysis from the report here: GFI Ratings Report