|Bid||0.00 x 2900|
|Ask||0.00 x 1800|
|Day's Range||12.04 - 12.34|
|52 Week Range||3.79 - 14.90|
|Beta (5Y Monthly)||0.60|
|PE Ratio (TTM)||42.93|
|Forward Dividend & Yield||0.19 (1.55%)|
|Ex-Dividend Date||Sep. 10, 2020|
|1y Target Est||N/A|
(Bloomberg) -- South Africa’s main stock index gains 0.5% by 9:37 a.m. in Johannesburg with Gold Fields Ltd. and AngloGold Ashanti Ltd. leading the advance as a weaker dollar boosts bullion and other metals prices. Banking stocks are supported by a stronger rand.South Africa joins global peers in rising Friday as risk sentiment is bolstered by the White House’s signal that the Trump administration is again leaning toward a large-scale stimulus bill. Friday’s gains set the benchmark on course for a second week, with gauge up 1.1% since Monday.Gauge of mining stocks rises for a third day, up 1.7% to the highest in more than a week.Sub-index of gold stocks rises for the second day, up 3.5% in the biggest intraday gain in more than three weeks as bullion prices jump after U.S. stimulus shift prompts dollar weakness.NOTE: Gold Climbs as Dollar Drops on U.S. Stimulus ShiftGold Fields +4.1%, AngloGold Ashanti +3.2%. Harmony Gold Mining Co. +3.2%, Pan African Resources Plc +2.3%, DRDGold Ltd. +1.9%Platinum firms +2.3%Impala Platinum Holdings Ltd. +3.7%, Sibanye Stillwater Ltd. +2.7%, Northam Platinum Ltd. +1.8%, Anglo American Platinum Ltd. +1.4%, Royal Bafokeng Platinum Ltd. +2.5%Diversified mines Anglo American Plc +1%, BHP Group +0.6%, African Rainbow Minerals Ltd. +1.1%, Glencore +0.4%Index of bank stocks rises 0.3% as the rand extends gains to a third day as the dollar weakens.Standard Bank Group Ltd. +0.2%, Investec Plc +1.1%, Absa Group Ltd. +0.4%, Nedbank Group Ltd. +0.4%Foreigners remained net sellers of South African stocks for a fifth day Thursday, disposing of 1.88 billion rand worth of shares, according to exchange operator JSE Ltd.For 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.
Is (GFI) Outperforming Other Basic Materials Stocks This Year?
The world's top gold miners are retrenching after COVID-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth. Gold prices have jumped 30% this year to roughly $2,000 an ounce as central banks dial up stimulus measures in response to the coronavirus pandemic. Seven out of 10 of the global gold miners, including Newmont , the world's biggest gold miner, Canada’s Barrick and South Africa's Gold Fields, have cut planned output for the year by 7%, citing coronavirus-related shutdowns, regulatory filings show.