Gold Fields (GFI) Stock Rallies 5% Amid Strong Financial Performance

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Oct 18, 2024
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Gold Fields Ltd (GFI, Financial) experienced a significant stock movement with a 5.02% increase in its share price. Currently, the stock is priced at $18.11 per share, with a trading volume of 1.3167 million shares, a turnover rate of 0.15%, and a volatility of 4.39%.

According to recent financial reports, Gold Fields achieved a revenue of $2.124 billion and a net profit of $389 million, reflecting an earnings per share (EPS) of $0.43. The gross profit amounted to $735 million, and the price-to-earnings (P/E) ratio stands at 26.23.

Analyst ratings show that among 12 institutions covering the stock, 33% recommend a 'buy,' 50% recommend 'hold,' and 17% suggest 'sell.'

Within the gold industry, where GFI operates, the overall sector saw a growth of 3.06%. Other active stocks with notable performances include Austin Gold Corp., Iamgold Corporation, and Fortuna Mining Corp., with turnover rates of 4.54%, 2.60%, and 2.13% respectively. Osisko Development Corp. also showed significant volatility.

Gold Fields Ltd is a major gold producer with operations in South Africa, Ghana, Australia, and Peru, also producing copper in Peru. The company is involved in various mining activities including exploration, extraction, and processing of gold and copper.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.