GFI - Gold Fields Limited

NYSE - NYSE Delayed Price. Currency in USD
6.10
-0.14 (-2.24%)
At close: 4:02PM EST
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Previous Close6.24
Open6.29
Bid6.10 x 2900
Ask6.14 x 21500
Day's Range6.07 - 6.33
52 Week Range3.57 - 6.83
Volume5,914,209
Avg. Volume5,340,822
Market Cap5.531B
Beta (5Y Monthly)0.11
PE Ratio (TTM)32.11
EPS (TTM)0.19
Earnings DateN/A
Forward Dividend & Yield0.08 (1.33%)
Ex-Dividend DateSep 04, 2019
1y Target Est6.18
  • Gold Fields Shuns South Africa Exit on South Deep Turnaround
    Bloomberg

    Gold Fields Shuns South Africa Exit on South Deep Turnaround

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterGold Fields Ltd. won’t be rushing to join AngloGold Ashanti Ltd. in exiting South Africa after its last mine in the country returned to profit last year.The South Deep operation generated $15 million of net cash in 2019 after a decade of losses. Profitability will improve this year as output climbs at the mine that sits on the world’s second-biggest known body of gold-bearing ore. For Chief Executive Officer Nick Holland the mine has the potential to be a “shining light” for a South African gold industry in terminal decline.“We have a responsibility to the country in making this big resource viable,” Holland told reporters in Johannesburg on Thursday. “What kind of message do we send to the country if we throw in the towel?”The nation’s gold sector has shrunk to less than a fifth of the size it was at its peak and its importance to the economy is rapidly diminishing. The industry has become expensive and dangerous as often unprofitable mines extend miles underground.Gold Fields, founded by Cecil John Rhodes in 1887, has come under pressure from investors over previous losses at South Deep. Like AngloGold, the company has focused on more profitable mines in the Americas, Australia and West Africa. But while its rival is selling its last remaining South African assets to Harmony Gold Mining Co., Gold Fields is keeping its options open.“One thing I can rule out is a fire sale,” Holland said. “We want to do something out of a position of strength.”Instead, Gold Fields has cut costs by reducing its workforce and is reviving a plan to open up new areas to boost output and improve grades, the CEO said. That will give Gold Fields at least another year to assess its options, he said.Gold Fields expects production at South Deep to rise 16% to 257,000 ounces this year. Under the original plans for the mine, output was envisaged to climb to 800,000 ounces at full production.“They expect further improvements on the back of the various initiatives they have undertaken at the mine over the past year, while the rand gold price should further help to improve margins,” said Arnold van Graan, an analyst at Nedcor Securities Ltd.(Updates with chart, and analyst’s comment in final paragraph)To contact the reporter on this story: Felix Njini in Johannesburg at fnjini@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Hilton Shone, John ViljoenFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CNW Group

    Gold Fields Limited Results for the Year Ended 31 December 2019

    Gold Fields Limited Results for the Year Ended 31 December 2019

  • PR Newswire

    Gold Fields Trading Statement for FY 2019

    Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) advises that headline earnings per share for the 12 months ended 31 December 2019 (FY 2019) are expected to range from US$0.19-0.21 per share, 171-200% (US$0.12-0.14 per share) higher than the headline earnings of US$0.07 per share reported for the 12 months ended 31 December 2018 (FY 2018).

  • PR Newswire

    Salares Norte Receives Environmental Approval

    Gold Fields Limited (Gold Fields) (JSE: GFI) (NYSE: GFI) is pleased to announce that the Atacama Environmental Assessment Commission today approved the environmental impact study for its Salares Norte project in Chile.

  • Is Gold Fields Limited (GFI) A Good Stock To Buy ?
    Insider Monkey

    Is Gold Fields Limited (GFI) A Good Stock To Buy ?

    Is Gold Fields Limited (NYSE:GFI) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to […]

  • Moody's

    Gold Fields Orogen Holding (BVI) Limited -- Moody's announces completion of a periodic review of ratings of Gold Fields Limited

    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.

  • Reuters

    UPDATE 5-South African mines grind to halt as floods deepen power crisis

    Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country's already slowing economy. Heavy rains across parts of South Africa have submerged entire neighbourhoods, leading to evacuations and aggravating problems at state-owned utility Eskom, which has been struggling to keep the lights on since 2008. Harmony Gold, Impala Platinum and Sibanye-Stillwater all said they had been forced to cut production since Monday because of power shortages.

  • What Percentage Of Gravitas Financial Inc. (CNSX:GFI) Shares Do Insiders Own?
    Simply Wall St.

    What Percentage Of Gravitas Financial Inc. (CNSX:GFI) Shares Do Insiders Own?

    If you want to know who really controls Gravitas Financial Inc. (CNSX:GFI), then you'll have to look at the makeup of...

  • CNW Group

    Gold Fields Limited Operating Update Quarter Ended 30 Sep 2019

    Gold Fields Limited Operating Update Quarter Ended 30 Sep 2019

  • Moody's

    Growthpoint Properties International -- Moody's takes action on five South African corporates following sovereign outlook change

    Dubai, November 07, 2019 -- Moody's Investors Service ("Moody's") has today taken rating actions on five South African corporates. These rating actions follow Moody's sovereign outlook change, on 1 November, of the Government of South Africa's ratings to negative from stable and affirmation of the Baa3 long-term foreign-currency and local-currency issuer ratings.

  • Donald Smith Adds 2 Industrial Stocks to Portfolio in 3rd Quarter
    GuruFocus.com

    Donald Smith Adds 2 Industrial Stocks to Portfolio in 3rd Quarter

    Guru invests in Atlas Air Worldwide, CAI International Continue reading...

  • Is Gold Fields Limited (GFI) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Gold Fields Limited (GFI) Going To Burn These Hedge Funds ?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]

  • Franco-Nevada (FNV) Acquires 2 Royalties From Premier for $6M
    Zacks

    Franco-Nevada (FNV) Acquires 2 Royalties From Premier for $6M

    Franco-Nevada's (FNV) royalties consists of 2% NSR on the PQ North Property and 1.5% NSR on the Saddle Properties.

  • Here's Why Momentum Investors Will Love Gold Fields (GFI)
    Zacks

    Here's Why Momentum Investors Will Love Gold Fields (GFI)

    Does Gold Fields (GFI) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Gold Fields Turns a Profit
    GuruFocus.com

    Gold Fields Turns a Profit

    South African miner posts 1st-half results Continue reading...

  • Has Gold Fields (GFI) Outpaced Other Basic Materials Stocks This Year?
    Zacks

    Has Gold Fields (GFI) Outpaced Other Basic Materials Stocks This Year?

    Is (GFI) Outperforming Other Basic Materials Stocks This Year?

  • Here's Why Gold Fields Fell as Much as 10.8% Today
    Motley Fool

    Here's Why Gold Fields Fell as Much as 10.8% Today

    The gold miner delivered a solid performance in the first half of 2019, but investors are remaining cautious.

  • PR Newswire

    Gold Fields Limited - Results for the Six Months Ended 30 June 2019

    JOHANNESBURG , Aug. 15, 2019 /PRNewswire/ -- Gold Fields Limited (NYSE: GFI) (JSE: GFI) today announced profit attributable to owners of the parent for the six months to 30 June 2019 of US$71m ( US$0.09 ...