GFI Stock Recent News

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%.

(Kitco News) - Gold Fields said today that first gold from the company's new Salares Norte project in Chile is still expected in Q4 2023, but has moved from the beginning to the latter part of the quarter due to issues with OEM vendor.

Gold Fields Limited announced a decline in net income for the first half of 2023 that was roughly in line with guidance. The gold mining firm also revealed its CFO since 2008 will retire early.

(Kitco News) - The company reported profit attributable to owners of the parent for the six months to 30 June 2023 of US$458m (US$0.51 per share), compared to a profit of US$510m (US$0.57 per share) for the six months ended 30 June 2022.

While the underlying concept of portfolio gold stocks might appear anachronistic as all heck, these days, shifting your attention to precious metals makes increasingly more sense. As an all-encompassing summary, we really don't know what lies ahead for the economy.

(Kitco News) - Gold Fields (NYSE: GFI), one of the world's largest gold producers, announced Wednesday that its attributable gold equivalent production is expected to be 1,154 koz in H1 2023, a 4% decrease from H1 2022 (1,201 koz).

Investors looking for stocks in the Mining - Gold sector might want to consider either Gold Fields (GFI) or Franco-Nevada (FNV). But which of these two stocks is more attractive to value investors?

Gold Fields Limited's attributable gold production was 577.5K Oz in 1Q23, against 579.9K Oz in 1Q22. AISC for the quarter was $1,152/oz, also largely flat YoY and up 8% QoQ. Net debt at the end of the quarter was $875 million, compared to $704 million at the end of December 2022. I recommend buying Gold Fields stock between $14.2 and $13.5, with possible lower support at $13.

Gold Fields (GFI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Here is how Gold Fields (GFI) and Linde (LIN) have performed compared to their sector so far this year.