Stocks Movement Analysis: Gold Fields Ltd. (NYSE:GFI)


Gold Fields Ltd. (NYSE:GFI) retreated -2.73% and closed its last session at $3.21. The stock has the market capitalization of $2.65 Billion with the total outstanding shares of 826.26 Million. Gold Fields Ltd.. has Analysts’ Mean Recommendation of 3.33 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 8.97.

Gold Fields Ltd. (NYSE:GFI) touched its 52-Week High of $6.6 on Aug 11, 2016 while it’s 52-Week Low of $2.39 on Dec 2, 2015. The company currently has Return on Assets of 0 percent, Return on Equity of 0% and Return on Investment of -1.6 percent. The stock currently showing Weekly Volatility of 5.05%% and Monthly Volatility of 6.21% Percent with Average True Range of 0.22 and Beta of -0.88.

The 14 analysts offering 12-month price forecasts for Gold Fields Ltd have a median target of 5.70, with a high estimate of 8.65 and a low estimate of 3.83. The median estimate represents a +77.50% increase from the last price of 3.21.

Press Release:

The Company on 18 November declareds that it and Silver Standard Resources Inc. (Silver Standard) (TSX:SRO, Nasdaq: SSRI) have today withdrawn their latest joint proposal to acquire all of the outstanding shares of Kirkland Lake Gold Inc. (Kirkland Lake) (KLG.TO) in a negotiated transaction.

As previously declared by Gold Fields, its wholly-owned subsidiary, Gold Fields Netherlands Services B.V., has made three successive proposals jointly with Silver Standard to acquire Kirkland Lake pursuant to a plan of arrangement for consideration consisting of cash and shares of Silver Standard or a combination thereof. In response to each proposal, the Kirkland Lake board advised that it had determined that it was not reasonably expected to result in a Superior Proposal relative to Kirkland Lake’s previously declared combination with Newmarket Gold Inc. (Newmarket) (NMI.TO), and that Kirkland Lake would not be engaging in any discussions with Gold Fields or Silver Standard or providing them with due diligence access.

In light of the lack of engagement by the board of Kirkland Lake in response to these proposals, and there being no basis to expect any further engagement from Kirkland Lake, Gold Fields and Silver Standard are left with no choice but to withdraw their latest proposal.

Company Profile:

Gold Fields Limited is one of the world’s largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia.