Profile
Sector:
Basic MaterialsIndustry:
GoldCountry:
South AfricaIPO:
17 March 1980Website:
http://www.goldfields.comNext earnings report:
16 August 2024Last dividends:
14 March 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 22:29:50 GMTAnalysts recommendations
Institutional Ownership
GFI Latest News
Gold mining companies have participated in the rally, with the VanEck Vectors Gold Miners ETF outperforming the spot gold ETF. Gold Fields Limited is a gold producer with reserves in multiple countries. Its earnings and valuation forecasts suggest it is undervalued despite a recent guidance cut. GFI's technical situation is mixed, with the stock at key resistance levels, but strong momentum could lead to a breakout.
Gold Fields (GFI) closes its previously announced sale of the Asanko gold mine to JV partner Galiano for cash and share consideration.
Gold prices should benefit from economic instability, persistent inflation, deficit spending, high debt, and a global move away from the dollar. Production is concentrated in geopolitically stable areas like Australia and the Americas, with limited geopolitical risk compared to competitors. The Salares Norte project will open in April 2024 and add 600k ounces by 2025 at only $700/oz in all-in sustaining costs.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
(Kitco News) - Gold Fields said that first gold at Salares Norte is expected in December 2023 with production volumes of 1koz forecasted for 2023 while 2024 production is expected to fall in the range of 400koz.
Gold miners have outperformed physical gold in the past year, suggesting a potential bull market for gold and gold miners could be in store. Gold Fields Limited (GFI) is a recommended buy, with upcoming production data and a decent value and EPS growth trajectory. GFI has mixed valuation metrics but is cheap considering its growth potential, and its technical chart shows potential for gains.
(Kitco News) - Gold Fields said appointed Mike Fraser as CEO and Executive Director of the company with effect from 1 January 2024.
Gold Fields is a major gold miner with operations across six countries. It has nine operational mines and two projects in its pipeline. The company carries a solid balance sheet, its profitability is above average, and it pays dividends with adequate yield. Estimating GFI`s NAV with the spot price of $1500/oz, the current share price offers a considerable margin of safety at 46%.
(Kitco News) - Gold Fields said today that first gold from the company's new Salares Norte project in Chile is still expected in Q4 2023, but has moved from the beginning to the latter part of the quarter due to issues with OEM vendor.
Gold Fields Limited announced a decline in net income for the first half of 2023 that was roughly in line with guidance. The gold mining firm also revealed its CFO since 2008 will retire early.
- 1(current)
What type of business is Gold Fields Limited?
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.
What sector is Gold Fields Limited in?
Gold Fields Limited is in the Basic Materials sector
What industry is Gold Fields Limited in?
Gold Fields Limited is in the Gold industry
What country is Gold Fields Limited from?
Gold Fields Limited is headquartered in South Africa
When did Gold Fields Limited go public?
Gold Fields Limited initial public offering (IPO) was on 17 March 1980
What is Gold Fields Limited website?
https://www.goldfields.com
Is Gold Fields Limited in the S&P 500?
No, Gold Fields Limited is not included in the S&P 500 index
Is Gold Fields Limited in the NASDAQ 100?
No, Gold Fields Limited is not included in the NASDAQ 100 index
Is Gold Fields Limited in the Dow Jones?
No, Gold Fields Limited is not included in the Dow Jones index
When does Gold Fields Limited report earnings?
The next expected earnings date for Gold Fields Limited is 16 August 2024