GFI - Gold Fields Limited

NYSE - NYSE Delayed Price. Currency in USD
6.97
-0.21 (-2.92%)
At close: 4:02PM EST

7.19 +0.22 (3.16%)
Pre-Market: 7:46AM EST

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Previous Close7.18
Open7.01
Bid7.18 x 4000
Ask7.23 x 2900
Day's Range6.85 - 7.10
52 Week Range3.57 - 7.21
Volume6,412,051
Avg. Volume5,585,331
Market Cap5.966B
Beta (5Y Monthly)0.11
PE Ratio (TTM)36.68
EPS (TTM)0.19
Earnings DateN/A
Forward Dividend & Yield0.08 (1.13%)
Ex-Dividend DateSep. 04, 2019
1y Target Est6.43
  • Gold Fields Shuns South Africa Exit on South Deep Turnaround
    Bloomberg

    Gold Fields Shuns South Africa Exit on South Deep Turnaround

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterGold Fields Ltd. won’t be rushing to join AngloGold Ashanti Ltd. in exiting South Africa after its last mine in the country returned to profit last year.The South Deep operation generated $15 million of net cash in 2019 after a decade of losses. Profitability will improve this year as output climbs at the mine that sits on the world’s second-biggest known body of gold-bearing ore. For Chief Executive Officer Nick Holland the mine has the potential to be a “shining light” for a South African gold industry in terminal decline.“We have a responsibility to the country in making this big resource viable,” Holland told reporters in Johannesburg on Thursday. “What kind of message do we send to the country if we throw in the towel?”The nation’s gold sector has shrunk to less than a fifth of the size it was at its peak and its importance to the economy is rapidly diminishing. The industry has become expensive and dangerous as often unprofitable mines extend miles underground.Gold Fields, founded by Cecil John Rhodes in 1887, has come under pressure from investors over previous losses at South Deep. Like AngloGold, the company has focused on more profitable mines in the Americas, Australia and West Africa. But while its rival is selling its last remaining South African assets to Harmony Gold Mining Co., Gold Fields is keeping its options open.“One thing I can rule out is a fire sale,” Holland said. “We want to do something out of a position of strength.”Instead, Gold Fields has cut costs by reducing its workforce and is reviving a plan to open up new areas to boost output and improve grades, the CEO said. That will give Gold Fields at least another year to assess its options, he said.Gold Fields expects production at South Deep to rise 16% to 257,000 ounces this year. Under the original plans for the mine, output was envisaged to climb to 800,000 ounces at full production.“They expect further improvements on the back of the various initiatives they have undertaken at the mine over the past year, while the rand gold price should further help to improve margins,” said Arnold van Graan, an analyst at Nedcor Securities Ltd.(Updates with chart, and analyst’s comment in final paragraph)To contact the reporter on this story: Felix Njini in Johannesburg at fnjini@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Hilton Shone, John ViljoenFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CNW Group

    Gold Fields Limited Results for the Year Ended 31 December 2019

    Gold Fields Limited Results for the Year Ended 31 December 2019

  • CNW Group

    Gold Fields Trading Statement for FY 2019

    Gold Fields Trading Statement for FY 2019

  • CNW Group

    Salares Norte Receives Environmental Approval

    Salares Norte Receives Environmental Approval

  • What Percentage Of Gravitas Financial Inc. (CNSX:GFI) Shares Do Insiders Own?
    Simply Wall St.

    What Percentage Of Gravitas Financial Inc. (CNSX:GFI) Shares Do Insiders Own?

    If you want to know who really controls Gravitas Financial Inc. (CNSX:GFI), then you'll have to look at the makeup of...

  • CNW Group

    Gold Fields Limited Operating Update Quarter Ended 30 Sep 2019

    JOHANNESBURG , Nov. 8, 2019 /CNW/ -- Gold Fields Limited (NYSE: GFI) (JSE: GFI) is pleased to provide an operational update for the quarter ended 30 September 2019. Detailed financial and operational results ...

  • Franco-Nevada (FNV) Acquires 2 Royalties From Premier for $6M
    Zacks

    Franco-Nevada (FNV) Acquires 2 Royalties From Premier for $6M

    Franco-Nevada's (FNV) royalties consists of 2% NSR on the PQ North Property and 1.5% NSR on the Saddle Properties.

  • Here's Why Momentum Investors Will Love Gold Fields (GFI)
    Zacks

    Here's Why Momentum Investors Will Love Gold Fields (GFI)

    Does Gold Fields (GFI) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Has Gold Fields (GFI) Outpaced Other Basic Materials Stocks This Year?
    Zacks

    Has Gold Fields (GFI) Outpaced Other Basic Materials Stocks This Year?

    Is (GFI) Outperforming Other Basic Materials Stocks This Year?

  • Here's Why Gold Fields Fell as Much as 10.8% Today
    Motley Fool

    Here's Why Gold Fields Fell as Much as 10.8% Today

    The gold miner delivered a solid performance in the first half of 2019, but investors are remaining cautious.

  • CNW Group

    Gold Fields Limited - Results for the Six Months Ended 30 June 2019

    JOHANNESBURG , Aug. 15, 2019 /CNW/ -- Gold Fields Limited (NYSE: GFI) (JSE: GFI) today announced profit attributable to owners of the parent for the six months to 30 June 2019 of US$71m ( US$0.09 per share). This ...

  • 5 Soaring Top-Ranked Gold Stocks With More Upside Potential
    Zacks

    5 Soaring Top-Ranked Gold Stocks With More Upside Potential

    Given the optimism and intense buying pressure on the yellow metal, gold stocks have been surging this year. Below, we present five such high-flying stocks that will continue to outperform.

  • CNW Group

    Gold Fields Limited: Trading Statement for H1 2019

    JOHANNESBURG , Aug. 8, 2019 /CNW/ -- Further to the trading statement released on 2 August 2019 , Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) advises that headline earnings per share (HEPS) ...

  • What Makes Gold Fields (GFI) a Strong Momentum Stock: Buy Now?
    Zacks

    What Makes Gold Fields (GFI) a Strong Momentum Stock: Buy Now?

    Does Gold Fields (GFI) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • The 10 Biggest Gold Mining Stocks
    Motley Fool

    The 10 Biggest Gold Mining Stocks

    Digging for the yellow metal is big business -- and it can add some valuable diversification to your portfolio.

  • 5 Gold Mining Stocks Under $10 to Buy
    Zacks

    5 Gold Mining Stocks Under $10 to Buy

    Here are 5 highly-ranked gold stocks that are also currently trading for less than $10 a share.

  • GlobeNewswire

    Asanko Gold Outlines H2 2019 Exploration Program

    Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) provides an overview of its planned exploration program for the second half of 2019 as operators of the Asanko Gold Mine (“AGM”) in Ghana, West Africa, which is a 50:50 Joint Venture between the Company and Gold Fields Limited (JSE, NYSE: GFI). 1. To delineate new resources within 10km of the 5Mtpa processing facility that can be brought into the near-term mine plan, initially targeting Tontokrom, Opeimu and Kaniago West (see figure 1).

  • Gold Fields' Shares March Higher, Can It Continue?
    Zacks

    Gold Fields' Shares March Higher, Can It Continue?

    As of late, it has definitely been a great time to be an investor in Gold Fields.