GFI Stock Recent News

The Zacks Mining - Gold industry's near-term prospects are bright, as gold prices are expected to gain. One can watch stocks like AEM, GFI, AU and HMY, backed by their growth prospects.

FSUGY, FHN and GFI made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 22, 2024.

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.

(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.

Since October 5, gold prices have been doing what they tend to do: Rise amid economic and geopolitical uncertainties. That's why so many investors consider gold either a safe haven or a hedge against falling stock prices.

(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%.