GFI - Gold Fields Limited

NYSE - NYSE Delayed Price. Currency in USD
7.09
+0.01 (+0.14%)
At close: 4:06PM EST
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Previous Close7.08
Open7.20
Bid0.00 x 2200
Ask7.09 x 4000
Day's Range7.07 - 7.28
52 Week Range3.57 - 7.90
Volume7,332,324
Avg. Volume5,867,804
Market Cap6.536B
Beta (5Y Monthly)0.11
PE Ratio (TTM)37.32
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.11 (1.52%)
Ex-Dividend DateMar. 11, 2020
1y Target EstN/A
  • 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.

  • 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...

  • 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.

  • 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.

  • 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.

  • 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.

  • Why Gold Fields Stock Skyrocketed by Over 50% in the First Half of 2019
    Motley Fool

    Why Gold Fields Stock Skyrocketed by Over 50% in the First Half of 2019

    After bumbling along with the price of gold, Gold Fields stock took off in May and June.

  • Newmont (NEM) Hits 52-Week High, Can the Run Continue?
    Zacks

    Newmont (NEM) Hits 52-Week High, Can the Run Continue?

    Newmont (NEM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Gold Slips on Prospects of US-China Trade War Truce
    Zacks

    Gold Slips on Prospects of US-China Trade War Truce

    Gold prices have dropped below $1,400 an ounce after Donald Trump and Xi Jinping agreed to restart trade talks, reviving hopes of an end to their tariffs war.

  • AngloGold Ashanti Gets Upgrades as Gold Fields Gets Downgrade
    Market Realist

    AngloGold Ashanti Gets Upgrades as Gold Fields Gets Downgrade

    Today, BMO Capital Markets upgraded AngloGold Ashanti (AU) from “market perform” to “outperform” and raised the stock’s target price from $16 to $21. The bank believes that AU has a solid track record and is on track to get its Obuasi mine operational by the end of the year.

  • Gold Prices Trending Above $1,400: Will the Rally Sustain?
    Zacks

    Gold Prices Trending Above $1,400: Will the Rally Sustain?

    Gold prices are trending above $1,400 fueled by trade worries, geopolitical uncertainties and a weaker dollar.

  • NovaGold Resources (NG) Catches Eye: Stock Jumps 6.5%
    Zacks

    NovaGold Resources (NG) Catches Eye: Stock Jumps 6.5%

    NovaGold Resources (NG) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

  • Will Gold Fields Continue to Surge Higher?
    Zacks

    Will Gold Fields Continue to Surge Higher?

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

  • Gold Stocks in Focus on Dovish Fed, Geopolitical Tensions
    Zacks

    Gold Stocks in Focus on Dovish Fed, Geopolitical Tensions

    Easing monetary stance, rising geopolitical tensions have increased demand for gold as a safe haven thus pulling up its prices.

  • Yamana Gold (AUY) Jumps: Stock Rises 8.9%
    Zacks

    Yamana Gold (AUY) Jumps: Stock Rises 8.9%

    Yamana Gold (AUY) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

  • PolyOne (POL) Surges: Stock Moves 9.5% Higher
    Zacks

    PolyOne (POL) Surges: Stock Moves 9.5% Higher

    PolyOne (POL) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.

  • Gold Prices Rise 5% YTD: Will India Help Sustain the Rally?
    Zacks

    Gold Prices Rise 5% YTD: Will India Help Sustain the Rally?

    Ongoing speculation of interest rate cuts and stronger demand in India is likely to support gold prices in the back half of the year.