|Bid||7.79 x 2200|
|Ask||7.80 x 1200|
|Day's Range||7.64 - 7.85|
|52 Week Range||7.03 - 17.20|
|Beta (5Y Monthly)||0.42|
|PE Ratio (TTM)||9.67|
|Forward Dividend & Yield||0.32 (3.48%)|
|Ex-Dividend Date||Mar 10, 2022|
|1y Target Est||13.81|
(Bloomberg) -- Gold Fields Ltd.’s top executive said disquiet over the South African miner’s $7 billion offer to buy Canada’s Yamana Gold Inc. hasn’t resulted in an exodus among its top shareholders.Most Read from BloombergPutin Calls Up More Troops, Resumes Nuclear Threat Over UkraineHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTycoon's Wild $3 Billion Gamble on ‘China's LVMH’ Crashes‘Mute Your Phones’: Trump Special Master Hearing Descends Into ChaosFed Set to Reveal ‘Pain’
Backed by a ramped-up production and a 3% higher gold price, Gold Fields (GFI) delivers a 16% rise in its normalized earnings in the first half of 2022.
Shares in South Africa-headquartered Gold Fields dropped 20% when the deal was unveiled on May 31, as investors worried about the dilution to their holdings and the premium being paid. Griffith, who has been talking to investors to try to persuade them of the merits of the deal, said Gold Fields was "very much on track" to get the deal approved by shareholders at a meeting expected by early November. "Given the fact that we had spent seven months doing due diligence, it was highly unlikely that shareholders were going to understand it on day one," he said.