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.

Open

16.01

Mkt cap

14B

Volume

3.1M

High

16.05

P/E Ratio

22.25

52-wk high

18.97

Low

15.51

Div yield

0.02

52-wk low

12.19

Precious metals stocks are trading lower in response to a decline in gold prices, which is attributed to a strengthening US dollar.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 5:16 pm

Gold Fields Limited (NYSE:GFI) shares fell sharply by over 10.5% on Thursday after a period of price consolidation. The stock had previously benefited from positive sector trends due to Middle East tensions, a rise in gold and silver prices following a drop in the U.S. dollar from October CPI data, and the Fed's decision to leave rates unchanged in December. However, the recent downturn marks a significant pullback for the company's shares.

Portfolio Pulse from Ryan Gustafson

December 28, 2023 | 11:26 pm

ZK International Group (ZKIN) has regained compliance with Nasdaq's bid price requirement, with its stock price exceeding $1.00 for 10 consecutive days. The materials sector shows signs of being overbought, with Alcoa Corporation (AA), Glatfelter Corporation (GLT), Aspen Aerogels, Inc. (ASPN), and Ingevity Corporation (NGVT) all having high RSIs, suggesting a potential pullback. Galiano Gold Inc. (GAU) is set to own 90% of the Asanko joint venture after Gold Fields Limited (GFI) agreed to sell its stake.

Portfolio Pulse from Austin DeNoce

December 26, 2023 | 8:14 pm

Galiano Gold (TSX:GAU) is set to acquire a 45% stake in the Asanko gold mine, increasing its ownership to 90%, with the Government of Ghana holding the remaining 10%. The $170 million deal with Gold Fields (NYSE:GFI) includes cash payments until 2026 and $20 million in Galiano shares to Gold Fields, making them a 19.9% shareholder. The acquisition follows positive exploration updates and aims to boost Galiano's annual gold production to 240,000 ounces by 2030. The Asanko mine produced 170,342 ounces in 2022 and expects 120,000 to 130,000 ounces in 2023.

Portfolio Pulse from Stjepan Kalinic

December 26, 2023 | 3:04 pm

Gold Fields Limited (GFI) has announced its intention to acquire additional shares of Galiano Gold as it disposes of its interest in the Asanko Gold Mine. This strategic move will alter Gold Fields' investment in Galiano Gold, although specific details regarding the number of shares or the timeline were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 6:55 am

Precious metals companies' stocks are up as the US dollar weakens after the Federal Reserve decided to maintain interest rates.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:39 pm

Jabil Inc. reported Q1 earnings with revenue of $8.39 billion, surpassing estimates, and an adjusted EPS of $2.60, causing its shares to rise by 5%. Other stocks also saw gains, including Redfin, Sunnova Energy, Wayfair, Sunrun, Moderna, Pacific Biosciences, Alector, Opendoor Technologies, Enphase Energy, Align Technology, Gold Fields, Alcoa, First Solar, Lucid Group, Citizens Financial Group, Rivian Automotive, Pool Corporation, RH, Regions Financial Corporation, and The Carlyle Group. Moderna's stock climbed after announcing positive study data with Merck, while Pacific Biosciences was initiated with an Overweight rating by Stephens & Co. Alector received an upgrade from Stifel, and Align Technology got an updated license from Health Canada. Alcoa was approved for continued mining, and Rivian signed a deal with AT&T.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 3:15 pm

Gold prices have surged, nearing all-time highs, as market confidence grows in potential Fed rate cuts. The SPDR Gold Trust (GLD) is close to its record high, while the U.S. dollar index weakens, as tracked by the Invesco DB USD Index Bullish Fund ETF (UUP). Fed Governor Waller's dovish remarks have increased bets on rate cuts, leading to a decline in Treasury yields. This has boosted gold miners, with the VanEck Gold Miners ETF (GDX), Direxion Daily Gold Miners Index Bull 2XShares (NUGT), and VanEck Junior Gold Miners ETF (GDXJ) all posting gains. Gold Fields Limited (GFI), AngloGold Ashanti plc (AU), and Newmont Corporation (NEM) were among the top performers.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 9:47 pm

Shares of precious metals companies are trading higher due to an increase in the prices of gold and silver.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:30 pm

Precious metals stocks are trading higher as gold and silver prices increase due to a decline in the US dollar following the release of October CPI data.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:00 pm

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