Gold Fields Limited (ADR) (NYSE:GFI) down by 4.27%, Enphase Energy Inc (NASDAQ:ENPH)

Posted by Kristi Scott May 16, 2013 0 Comment 1308 views


Gold Fields Limited (ADR) (NYSE:GFI) on Wednesday traded down by 4.27% to close at $6.06, with total traded volumes of 5.79 million in comparison to its average volume of 6.24 million shares. The market capitalization of the company is $4.42 billion at the current price levels. The stock traded below its 52-week high of $14.04 and is above its 52-week low of $6.06.

Gold mining firm Gold Fields Limited reported $26.5 million net earnings from continuing operations for the first quarter of 2013, compared with $48.9 million in the same quarter in 2012. The company announced $0.04 profit per share from continuing operations, when compared to $0.07 profit per share last year. Revenue declined to $805.2 million over $891.4 million in the first quarter of 2012.

The Company has gold reserves in Ghana, South Africa, Peru, and Australia. On June 22, 2011, Gold Fields acquired the 18.9% interest of IAMGold Corporation, increasing its stakes  in each of the Tarkwa and Damang gold mines 90.0% from 71.1%.

Enphase Energy Inc (NASDAQ:ENPH) on Wednesday traded down by 2.69% to close at $9.40, with total traded volumes of 0.539 million in comparison to its average volume of 294.49 million shares. The market capitalization of the company is $391.22 million at the current price levels. The stock traded below its 52-week high of $10.00 and is above its 52-week low of $1.92.

For the first quarter of 2013, Enphase Energy, a company which sells micro inverter systems for the photovoltaic industry, announced revenue of $45.6 million, an increase of 7 per cent compared to revenue of $42.6 million for the first quarter of 2012. GAAP net loss was $10.4 million, or a loss of $0.25 earnings per share. As on March 31, 2013, the company had a total cash balance of $36.4 million. Enphase expects revenues to be in a range of $56-$60 million for the second quarter of 2013.


About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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