Gold Fields (GFI) Stock Down on Lower Gold Prices

NEW YORK (TheStreet) -- Shares of Gold Fields  (GFI) were retreating in late-afternoon trading on Wednesday as lower gold prices weighed on the South African gold miner. 

Gold for December delivery was sliding 0.39% to $1,351.60 per ounce on the COMEX this afternoon.

The precious metal pared some of today's earlier losses after minutes from the Federal Reserve's July 27 meeting indicated that officials were split on whether to hike interest rates soon.

"The markets are definitely confused," Bob Haberkorn, senior market strategist at RJO Futures, told the Wall Street Journal.

But the rebound in gold prices indicates that investors don't anticipate a rate hike in the next few months, he added. 

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D+.

Gold Fields's weaknesses include its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and feeble growth in its earnings per share.

You can view the full analysis from the report here: GFI

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.