Streetbeat News

GFI

Gold Fields Limited

https://www.goldfields.com

Industry

Gold

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.

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Ubiquiti Inc. and Red Robin Gourmet Burgers are among the stocks moving lower in Friday's pre-market session. Ubiquiti's shares fell 7.6% after missing sales estimates, despite beating earnings expectations. Red Robin's shares dropped 13.5% following downbeat earnings and lowered revenue guidance.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:16 pm

Scotiabank analyst Tanya Jakusconek maintains a Sector Perform rating on Gold Fields (NYSE:GFI) and raises the price target from $17 to $18.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 3:34 pm

Gold mining companies are increasing M&A activity due to high gold prices, which boost their free cash flow. Gold Fields plans to acquire Osisko Mining for $1.57 billion, and Newmont is selling several mines to pay down debt. The VanEck Gold Miners ETF rose 3.08% amid record gold prices. Copper is also becoming a significant focus for gold miners.

Portfolio Pulse from Matt Whittaker

August 16, 2024 | 7:44 pm

Gold Fields shares are trading lower after the company announced the acquisition of Osisko Mining for $1.57 billion in cash.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:08 pm

Gold Fields (NYSE:GFI) is acquiring Osisko Mining (OTC:OBNNF) for $1.57 billion in cash, securing full ownership of the Windfall Project in Quebec. The acquisition aligns with Gold Fields' strategy to improve its portfolio with high-quality, long-life assets. The deal is subject to shareholder and regulatory approvals.

Portfolio Pulse from Stjepan Kalinic

August 12, 2024 | 11:12 am

Shares of precious metals stocks are trading lower amid a selloff in gold and silver.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:42 pm

Shares of precious metals stocks are trading lower as gold and silver prices fall amid a rise in the dollar.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:42 pm

Shares of gold companies are trading lower due to a pullback following recent strength as Treasury yields rise.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

Gold prices hit a new all-time high, driven by expectations of a Fed rate cut in September. This surge has positively impacted gold mining stocks, with the VanEck Gold Miners ETF (GDX) reaching its highest level since April 2022. Bank of America predicts strong earnings for gold miners, suggesting potential increases in dividends and share buybacks.

Portfolio Pulse from Piero Cingari

July 16, 2024 | 8:02 pm

Shares of gold stocks are trading higher amid trader optimism that the Fed will cut rates.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:19 pm

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