5.51 -0.04 (-0.72%)
After hours: 7:54PM EDT
|Bid||5.53 x 2900|
|Ask||5.51 x 34100|
|Day's Range||5.34 - 5.75|
|52 Week Range||2.20 - 5.75|
|Beta (3Y Monthly)||-0.80|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.03 (0.50%)|
|1y Target Est||N/A|
Easing monetary stance, rising geopolitical tensions have increased demand for gold as a safe haven thus pulling up its prices.
Ongoing speculation of interest rate cuts and stronger demand in India is likely to support gold prices in the back half of the year.
The country that led global gold production for a century and extracted about half the bullion mined to date is now Africa’s second-largest gold producer. Meanwhile Ghana, a country whose gold-mining industry dates back to the 19th century, is benefiting from lower-cost mines, friendlier policies and new development projects. South African industry stalwarts AngloGold Ashanti Ltd. and Gold Fields Ltd. are shifting their focus to other countries -- including Ghana -- where deposits are cheaper and easier to mine.
South Africa's rand slumped on Tuesday after data showed the worst quarterly economic contraction in a decade at the start of 2019, while stocks gained. The rand was also hammered by news that South Africa's governing party has agreed to expand the central bank's mandate to include employment and growth as well as inflation. Investors are nervous about any changes that could curb the independence of the South African Reserve Bank (SARB).
Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the fourth quarter. Among them, Amazon and Netflix ranked among the top 30 picks and both lost more than 25%. Facebook, which was the second most popular stock, lost 20% amid uncertainty regarding the interest rates and tech […]
Moody's Investors Service ("Moody's") has today assigned a Baa3 rating to Gold Fields Limited's ("Gold Fields") proposed senior unsecured notes to be issued by Gold Fields Orogen Holding (BVI) Limited, a wholly-owned subsidiary of the company. The Baa3 long-term issuer rating on Gold Fields and Baa3 instrument rating on the outstanding $852 million senior unsecured notes due 7 October 2020 are unchanged. The proposed notes will be fully and unconditionally guaranteed by Gold Fields, Gold Fields Ghana Holdings (BVI) Limited, and Gold Fields Holdings Company (BVI) Limited.
JOHANNESBURG/LONDON, Feb 18 (Reuters) - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output. Although Eskom - which supplies around 90 percent of power in Africa's most industrialised economy - paused the blackouts on Friday for the first time in five days, it warned that its creaking infrastructure could buckle at any time. It is not clear how much the industry, which consumes about 15 percent of Eskom’s annual output, lost in production but the crisis sent prices of both gold and platinum to record levels and pummelled the rand.
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Gold Fields Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.