GFI Stock Recent News
GFI LATEST HEADLINES
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
'The gold sector is highly fragmented'- Gold Fields Mike Fraser on consolidation in the mining space
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Gold Fields Limited (NYSE:GFI ) Q2 2024 Earnings Call Transcript August 23, 2024 1:00 AM ET Company Participants Mike Fraser - CEO Alex Dall - Interim CFO Mike Fraser Good day all and thank you for joining us today for the presentation of our operational and financial results for the six months ending 30th of June 2024. With me today is our Interim CFO, Alex Dall.
Gold Fields (GFI) to acquire Osisko Mining to become the sole owner of the Windfall Project.
While the precious metals complex largely enjoyed a positive session on Monday thanks to gold's spot price rising, South African gold miner Gold Fields (NYSE: GFI ) suffered the opposite trajectory: GFI stock stumbled and quite badly, losing roughly 5% of market value. Driving the sentiment downward was the company's announced acquisition of Canada's Osisko Mining (OTCMKTS: OBNNF ) in a deal valued at $2.16 billion.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Gold Fields Limited (ADR) (NYSE:GFI) has announced its acquisition of Osisko Mining (TSX:OR.WT) in a substantial $2.16 billion (US$1.6 billion) deal, underscoring its strategy to expand amid surging gold prices. The South African mining giant will acquire Osisko's Windfall gold project, paying $4.90 per share—a 66.7% premium over Osisko's closing price last Friday, as reported by Bloomberg.
Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after an attempt to buy another Canadian miner was scuppered by a rival offer.
Still, there's a long way to go as the country tries to end corruption, dysfunction, and high unemployment with a coalition government. Bond yields are down and stocks are up.
As the price of gold hits new record highs investors may consider buying these top ranked mining stocks.