Gold Fields Stock (NYSE:GFI), Trade Ideas

Gold Fields

Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.

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Commodities

Gold Fields Celebrates First Gold Pour At Salares Norte, Boosts Chilean Production Outlook

Earnings

News

Penny Stocks

Small Cap

Markets

CENX

KALU

Top Stories for Feb. 22, 2024:

1. Century Aluminum Company (NASDAQ: CENX) announced fourth-quarter and full-year 2023 financial results.

Century Aluminum, Gold Fields, Coeur Mining And Kaiser Aluminum Announce Financial Results: Thursday&#39;s Top Mining Stories

Pre-Market Outlook

Movers

Trading Ideas

ETSY

LCID

NOVA

RAPT

RIVN

U.S. stock futures were higher this morning, with the Nasdaq futures trading higher by around 2% on Thursday.

Rivian Automotive Reports Q4 Loss, Joins Etsy, Lucid Group And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

Gold Fields Limited American Depositary Shares

Gold Fields Ltd

Goldfinch

GOLD FIELDS LTD ORD by Gold Fields Ltd.

General

PAAS

Shares of precious metals stocks are trading higher as safe-haven assets gain following Iran's drone attack against Israel.

WIIM

GATO

GOLD

SBSW

Shares of precious metals stocks are trading higher amid strength in the price of gold and silver.

Financial giants have made a conspicuous bearish move on Gold Fields. Our analysis of options history for Gold Fields (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) revealed 10 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $353,225, and 2 were calls, valued at $74,880.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $35.0 for Gold Fields over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Gold Fields stands at 161.25, with a total volume reaching 10,713.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Gold Fields, situated within the strike price corridor from $15.0 to $35.0, throughout the last 30 days.
<h3>Gold Fields Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712868408_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.35</td>
<td>$1.25</td>
<td>$1.35</td>
<td>$16.00</td>
<td>$54.5K</td>
<td style="text-align: right;">11</td>
<td>407</td>
</tr>
<tr>
<td>GFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.4</td>
<td>$1.35</td>
<td>$1.4</td>
<td>$16.00</td>
<td>$50.9K</td>
<td style="text-align: right;">11</td>
<td>2.1K</td>
</tr>
<tr>
<td>GFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.35</td>
<td>$1.3</td>
<td>$1.35</td>
<td>$16.00</td>
<td>$49.9K</td>
<td style="text-align: right;">11</td>
<td>1.2K</td>
</tr>
<tr>
<td>GFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.35</td>
<td>$1.25</td>
<td>$1.35</td>
<td>$16.00</td>
<td>$48.0K</td>
<td style="text-align: right;">11</td>
<td>407</td>
</tr>
<tr>
<td>GFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.4</td>
<td>$1.35</td>
<td>$1.4</td>
<td>$16.00</td>
<td>$43.2K</td>
<td style="text-align: right;">11</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h3>About Gold Fields</h3>
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.
After a thorough review of the options trading surrounding Gold Fields, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Gold Fields Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 5,600,860, with GFI's price up by 5.27%, positioned at $18.19.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 127 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Gold Fields, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Gold Fields's Options Frenzy: What You Need to Know

Shares of precious metals stocks are trading higher following mixed inflation data.

Shares of precious metals stocks are trading lower as gold and silver fall after hotter-than-expected March inflation data.

Shares of gold companies are trading higher amid recent strength in gold prices.

Shares of precious metals companies are trading higher amid strength in gold and silver.

Gold Fields (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) commenced production at its Salares Norte mine in Atacama, Chile. After over 13 years since the project&#8217;s initiation, the company poured its first gold-silver doré at an exciting time in the industry as the gold price keeps making <a href="https://www.benzinga.com/24/04/38054199/marchs-golden-rally-9-surge-for-gold-now-what-lies-ahead-for-the-safe-haven-commodity">fresh all-time highs</a>.
&#8220;To build a remote mine at 4,500 meters above sea level with winter temperatures as low as -20 degrees Celsius and amidst a global pandemic is an incredible feat," <a href="http://www.overend.co.za/download/media-release-gold-fields-pours-first-gold-at-salares-norte-final.pdf">stated</a> CEO Mike Fraser.
With an investment exceeding $1 billion, Salares Norte is pivotal to Gold Fields&#8217; ambitious target of producing 2.8 million ounces of gold by 2025. 
Initial production volumes are anticipated to reach around 250,000 ounces this year, with a ramp-up to full-year production of 580,000 ounces expected in the following year.
See Also: <a href="https://www.benzinga.com/markets/commodities/24/04/38043338/gold-hits-all-time-high-in-march-want-to-capitalize-on-projected-further-growth-but-not-sure-">Gold Hits All-Time High In March &#8211; Want To Capitalize On Projected Further Growth, But Not Sure How? Check Out Lou Dobbs-Endorsed Priority Gol</a>
The mine&#8217;s contribution extends beyond production figures, with significant economic and social impacts expected for the Atacama region and Chile as a whole. 
Salares Norte is projected to create approximately 900 permanent jobs and contribute nearly $800 million in direct and indirect taxes over its 11-year lifespan. 
With over 26% of the mine&#8217;s employees being women, it demonstrates a commitment to gender inclusion, far surpassing national averages.
In addition to its economic contributions, Salares Norte incorporates innovative technologies and environmental initiatives. 
Implementing filtered tailings technology optimizes water use and enhances safety by replacing conventional tailings storage facilities. 
Furthermore, plans for a state-of-the-art photovoltaic solar plant aim to reduce the mine&#8217;s carbon footprint by over 10,000 tons of CO2 annually.
Despite the 111-mile distance to the nearest town of Diego de Almagro, the company has successfully integrated the local community into the project, establishing more than 30 cooperation agreements and multiple collaborations with educational institutions to train over 600 students and strengthen the labor market in this mining nation.
Although Chile stands among the leading producers of copper and lithium, its gold output has declined by almost 20% since its 2018 peak. Thus, projects like Salares Norte represent a potential to reverse this trend.
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Now Read: <a href="https://www.benzinga.com/news/24/04/38056357/iamgold-marks-major-progress-in-northern-ontario-paving-way-for-full-scale-gold-production">Iamgold Marks Major Progress In Northern Ontario, Paving Way For Full-Scale Gold Production</a>
Image: Shutterstock

Gold Fields shares are trading higher after the company announced that it started production at its Salares Norte Mine. Also, the stock may be gaining amid recent strength in gold.

Gold Fields Yesterday Announced It Started Production At Its Salares Norte Mine In Chile's Atacama Province With Pouring Of Its First Gold-Silver Dore On March 28, 2024

Shares of precious metals companies are trading higher as gold rises.

Gold Fields shares are trading higher amid continued strength in gold.

Shares of gold companies are trading higher as gold rises following the Fed's decision to leave rates unchanged.

Shares of precious metals stocks are trading lower amid a drop in gold following February inflation data.

Shares of precious metal companies are trading higher amid strength in the price of gold.

Shares of precious metals stocks are trading lower amid a rise in gold and silver.

Scotiabank analyst Tanya Jakusconek maintains Gold Fields (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) with a Sector Perform and lowers the price target from $15.5 to $15.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Perform on Gold Fields, Lowers Price Target to $15

Top Stories for Feb. 22, 2024:
1. Century Aluminum Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cenx#NASDAQ">CENX</a>) announced fourth-quarter and full-year <a href="https://www.benzinga.com/quote/CENX/earnings">2023 financial results.</a>
Century reported fourth-quarter net sales of $512.3 million, with a net income of $30 million ($0.30 per diluted share) and an adjusted net income of $40 million ($0.39 per share).
The quarter also saw an ending cash balance of $88.8 million, strong liquidity of $312.5 million and a significant $59.3 million credit from the Inflation Reduction Act.
For the full year, Century&#39;s net sales reached $2.2 billion, despite a net loss of $43.1 million ($0.47 per share), but achieved an adjusted net income of $30.7 million ($0.33 per share).
2023 also saw net cash from operating activities at $105.6 million, reinvestment in capital projects, debt reduction, the acquisition of a 55% stake in Jamalco, a new power agreement for Mt. Holly and a five-year union labor contract for the Sebree smelter.
2. Gold Fields (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gfi#NYSE">GFI</a>) reported full-year 2023 financial results.
The company met its original cost guidance despite inflation and operational challenges, with production at 2.244Moz (99.7% of the 2.250Moz &ndash; 2.300Moz target) and group all-in sustaining costs (AISC) at $1,295/oz, which was better than the forecasted $1,300/oz to $1,340/oz. All-in costs (AIC) were within the expected range at $1,512/oz.
Financially, favorable exchange rates and a strong gold price ($1,942/oz) led to steady normalized earnings of $900 million and free cash flow from operations of $1,002 million, maintaining dividends at R 7.45/share, in line with their policy.
Despite these financial achievements, the company reported three fatalities, underscoring a need for improved safety.
3. Coeur Mining, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cde#NYSE">CDE</a>) announced fourth-quarter and full-year 2023 financial results.
A strong Q4 led to a 35% revenue increase and a more-than-doubling of adjusted EBITDA, driven by production boosts at Rochester, Kensington and Wharf.
The company met its full-year gold and silver production guidance for 2023, with gold up 29% and silver up 34% quarter-over-quarter, totaling 317,671 ounces and 10.3 million ounces, respectively.
Rochester&#39;s expansion is on track, expecting to triple throughput to 32 million tons annually by the first half of 2024, with a notable year-over-year production increase and significant cost reductions also anticipated.
Wharf achieved a record annual free cash flow of $82 million, exceeding four times the initial investment since its 2015 acquisition.
At Silvertip, drilling in the Southern Silver Zone uncovered one of the highest-grade intercepts ever, marking a significant find in this expanding area.
4. Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>) reported fourth-quarter and full-year 2023 financial results.
The company reported fourth-quarter net sales of $722 million and net income of $8 million ($0.47 per diluted share), with adjusted net income at $10 million ($0.60 per diluted share) and adjusted EBITDA of $52 million (14.3% margin).
The Aerospace/High Strength sectors also achieved record net sales and conversion revenue during this period.
For the full year, net sales reached $3.1 billion with net income of $47 million ($2.92 per diluted share) while adjusted net income stood at $44 million ($2.74 per diluted share).
Adjusted EBITDA was $210 million (14.3% margin), and the company maintained strong liquidity, with $599 million as of Dec. 31, 2023.
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Photo: Shutterstock

Century Aluminum, Gold Fields, Coeur Mining And Kaiser Aluminum Announce Financial Results: Thursday's Top Mining Stories

Gold Fields shares are trading lower after the company reported FY 2023 results.

Guidance

Gold Fields Sees FF24 Gold Equivalent Production (Excluding Asanko) 2.33Moz To 2.43Moz; AISC $1,410/Oz To $1,460/Oz; AIC $1,600/Oz To $1,650/Oz

Gold Fields slashes Q1 production guidance but maintains full-year view

Gold Fields (GFI) has released an update. Gold Fields has kicked off production at its Salares Norte Project with its first gold output, marking a ...

Gold Fields Commences Gold Production at Salares Norte

Gold Fields (GFI) has released an update. Gold Fields Limited has commenced gold production at its Salares Norte mine in Chile, marking a major acc...

Gold Fields Kickstarts Gold Production in Chile

In a report released on April 1, Josh Wolfson from RBC Capital maintained a Buy rating on Gold Fields (GFI – Research Report), with a price target ...

RBC Capital Remains a Buy on Gold Fields (GFI)

Gold Fields (GFI) has released an update. Gold Fields Limited is set to host its Annual General Meeting (AGM) virtually and in-person on May 30, 20...

Gold Fields Announces Hybrid 2024 AGM

Gold prices recently broke through the $2,300 level, and market experts maintain a bullish call looking ahead. Against this backdrop, it could be wise to invest in top gold stocks Gold Fields (GFI), Barrick Gold (GOLD), and Dundee Precious Metals (DPMLF) in April for potential gains. Keep reading… Gold prices are hitting record highs week after week in 2024, and this trend is expected to continue in the near future. Geopolitical factors and economic uncertainties contribute to the upward trajectory of gold. Investors often view gold as a safe-haven asset during economic turmoil or market volatility, leading to increased demand and higher prices.
Given the industry's bright prospects, investors could consider investing in fundamentally sound gold stocks Gold Fields Limited (<a href="https://stocknews.com/stock/GFI/">GFI</a>), Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), and Dundee Precious Metals Inc. (<a href="https://stocknews.com/stock/DPMLF/">DPMLF</a>) for high-profit potential.
Gold is shining bright and is on the streak to hit record highs this year. The precious metal <a href="https://www.cnbc.com/2024/04/05/gold-has-broken-through-2300-and-one-cio-has-a-bullish-call-.html">broke above $2,300</a> yesterday, owing to geopolitical and structural factors, and is further expected to hit $2,600 per ounce within a year, according to a market veteran.
Geopolitics is being attributed as a medium-term bullish case for gold amid the ongoing conflicts in Gaza and Ukraine, the upcoming U.S. election, and the unwavering recession concerns around major economies. Also, the growing <a href="https://www.cnbc.com/2024/04/01/gold-prices-hit-new-record-high-on-fed-cut-expectations.html">probability of interest rate cuts</a> by the Federal Reserve is another primary factor boosting gold prices.
Lower borrowing costs tend to increase the appeal of yellow metal as investors shift away from fixed-income assets like bonds.
The gold market is projected at 4.42 kilotons in 2024 and is anticipated to reach 6.32 kilotons by 2029, expanding at a <a href="https://www.mordorintelligence.com/industry-reports/gold-market">CAGR of 7.4%</a> during the forecast period (2024-2029). The primary factor driving the market growth is the rising demand for gold in its varied forms, like jewelry, technology, and long-term savings.
<a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2023/supply#:~:text=Total%20gold%20supply%20in%202023,and%20recycling%20both%20posted%20growth.&amp;text=Full%2Dyear%20recycled%20gold%20supply,record%20annual%20average%20gold%20price.">Gold mine production</a> observed a year-on-year growth of 3% for the second successive year, propelling the segment's growth. In 2023, the full-year recycled gold supply rose 9% to 1,237.3 tonnes, and the total supply reached 4,898.8 tonnes.
The global gold mining market is projected to grow to $260 billion by 2030 at a <a href="https://www.zionmarketresearch.com/report/gold-mining-market#:~:text=The%20global%20gold%20mining%20market,3.5%25%20between%202023%20and%202030.">CAGR of 3.5%</a> during the analysis period. Increasing jewelry demand across the globe is propelling market growth along with collaborations of major companies through merger and acquisition (M&amp;A).
Moreover, investors' interest in gold stocks is evident from the SPDR Gold Trust ETF's (<a href="https://stocknews.com/stock/GLD/">GLD</a>) 24.6% gains over the past six months.
In light of these encouraging trends, let's look at the fundamentals of the three best <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> stocks, beginning with number 3.
Stock #3: Gold Fields Limited (<a href="https://stocknews.com/stock/GFI/">GFI</a>)
Headquartered in Sandton, South Africa, GFI operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. The company also explores for copper and silver deposits.
On April 2, 2024, GFI announced that it had started production at its Salares Norte mine in Chile's Atacama province, pouring its first gold-silver doré on March 28, 2024. The project will drive the company's growth, expand its portfolio, and add meaningfully to its cash flow profile.
On March 7, GFI completed the sale of all of its interest in the Asanko joint venture in Ghana to its joint venture partner, Galiano Gold Inc., and its subsidiaries. The transaction took place according to the share purchase agreement dated December 20, 2023.
As per consideration for the acquisition of GFI's joint venture interest, Galiano and its subsidiaries paid an aggregate cash purchase price of $150 million and $20 million by issuing 28,500,000 Galiano shares.
For the fiscal year that ended December 31, 2023, GFI's revenue increased 5% year-over-year to $4.50 billion. The company's profit before taxation grew 5.2% from the year-ago value to $1.21 billion. Its profit for the year of $726.30 million indicates marginal growth from the prior year.
Furthermore, the company's adjusted free cash flow and <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> came in at $367 million and $2.43 billion for the year, respectively.
Analysts expect GFI's revenue and EPS for the fiscal year (ending December 2024) to grow 16.6% and 12.3% year-over-year to $5.25 billion and $1.06, respectively. Further, the company topped the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, the stock has surged 55.6% and 19.3% over the past year to close the last trading session at $16.68.
GFI's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
GFI has an A grade for Quality. It is ranked #10 out of 44 stocks in the <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry.
To check other POWR Ratings of GFI for Momentum, Growth, Value, Stability, and Sentiment, <a href="https://stocknews.com/stock/GFI/">click here</a>.
Stock #2: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Based in Toronto, Canada, GOLD is engaged in the exploration, mine development, production, and sale of gold and copper properties internationally. The company has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.
On March 1, GOLD's Africa-based largest gold mine, Kibali, and the Autorite de Regulation de la Sous-Traitance dans le Secteur Prive, the body monitoring the DRC's sub-contracting sector, collaborated on a range of local content initiatives.
This strategic partnership has been designed to enhance the mine's extensive use of Congolese contractors and suppliers in line with parent company Barrick's global policy of supporting local businesses and employing host country nationals.
On February 14, the company declared a dividend of $0.10 per share for the fourth quarter of 2023. The dividend was paid on March 15, 2024, to shareholders of record at the close of business on February 29, 2024.
GOLD pays an annual dividend of $0.40, which translates to a yield of 2.30% at the current share price. Its four-year average dividend yield is 2.80%. Moreover, the company's dividend payouts have increased at a CAGR of 16.1% over the past five years.
During the fourth quarter that ended December 31, 2023, GOLD's revenues increased 6.9% from the prior quarter to $3.06 billion. The company's adjusted net earnings grew 11.5% and 12.5% quarter-on-quarter to $466 million and $0.27, respectively. Its attributable EBITDA and free cash flow were $1.07 billion and $136 million, respectively.
In addition, the company's total cash and equivalents and total assets came in at $4.15 billion and $45.81 billion as of December 31, 2023, respectively.
Street expects GOLD's revenue for the first quarter (ended March 2024) to increase 7.1% year-over-year to $2.83 billion, and its EPS for the same period is expected to grow 34.4% year-over-year to $0.19, respectively. Also, the company surpassed the consensus EPS estimates in each of the four trailing quarters.
Shares of GOLD have increased 14.4% over the past month and 22.5% over the past six months to close the last trading session at $17.39.
GOLD's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Quality, and Sentiment. Within the Miners - Gold industry, GOLD is ranked #7 among the 44 stocks.
<a href="https://stocknews.com/stock/GOLD/">Click here</a> to access additional ratings of GOLD for Value, Momentum, and Stability.
Stock #1: Dundee Precious Metals Inc. (<a href="https://stocknews.com/stock/DPMLF/">DPMLF</a>)
Headquartered in Toronto, Canada, DPMLF is a gold mining company that engages in the acquisition, exploration, development, mining, and processing of precious metals. It mainly explores gold, copper, and silver deposits. The company explores for gold, copper, and silver deposits and has a portfolio of projects in Bulgaria, Namibia, Serbia, and Ecuador.
On March 7, 2024, DPMLF entered a definitive share purchase agreement with a subsidiary of Sinomine Resource Group Co. Ltd. for the sale of its interest in the Tsumeb smelter located in Namibia by disposing off all the issued and outstanding shares it indirectly holds in Dundee Precious Metals Tsumeb Holding (Pty) Ltd. for consideration of $49 million in cash.
After the sale, DPMLF will be able to emphasize restructuring and simplifying its portfolio and focus on gold mining assets.
On December 18, 2023, DPMLF and Osino Resources Corp. entered a definitive agreement where DPMLF acquired all the issued and outstanding common shares of Osino. The transaction added Osino's high-quality, long-life Twin Hills open-pit gold project and an extensive exploration portfolio in Namibia to DPMLF's existing portfolio of assets.
The acquisition strengthens DPMLF's core competence and unique capabilities, adding a near-term producing asset and positioning DPMLF as a leading intermediate gold producer with exceptional assets and growth profile.
For the fourth quarter that ended December 31, 2023, DPMLF's revenue increased 23.3% year-over-year to $139.30 million. Its adjusted net earnings rose 66.7% and 72.2% from the year-ago values to $55.50 million and $0.31 per share, respectively. Its adjusted EBITDA was $79.60 million, an increase of 36.5% from the prior year's quarter.
Further, the company's free cash flow increased 55.5% year-over-year to $51.80 million.
Analysts expect DPMLF's revenue for the fiscal year (ending December 2025) to increase 5.2% year-over-year to $525.45 million. Also, shares of DPMLF have gained 5.8% over the past month and 30.5% over the past six months to close the last trading session at $7.61.
DPMLF's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
DPMLF has an A grade for Quality and Value. It has topped among 44 stocks within the same industry.
To see the other ratings of DPMLF for Sentiment, Growth, Momentum, and Stability, <a href="https://stocknews.com/stock/DPMLF/">click here</a>.
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GOLD shares were trading at $17.51 per share on Friday morning, up $0.12 (+0.69%). Year-to-date, GOLD has declined -1.85%, versus a 8.85% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/gold-gfi-dpmlf-top-3-gold-stocks-for-a-bullish-april/>Top 3 Gold Stocks for a Bullish April</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 Gold Stocks for a Bullish April

Gold Fields: Shares Surge Amid Record-High Gold Prices, Still A Value

DPMLF

GFIOF

Press Releases

Gold Fields Limited - Operational update for the quarter ended 31 March 2023

GALIANO GOLD REPORTS Q1 2023 OPERATING AND FINANCIAL RESULTS

Opinion

Thinking about trading options or stock in Albemarle Corp, Patterson-UTI Energy, Gold Fields Limited, VEON, or AngloGold Ashanti?

Volatile Economy Makes Gold Space 'Increasingly Attractive'

Thinking about trading options or stock in Apellis Pharmaceuticals, Meta Platforms, NVIDIA, Micron Technology, or Gold Fields Limited?

Gold Fields to Acquire Additional Shares of Galiano Gold Upon Disposal of its Interest In the Asanko Gold Mine

Gold Fields Completes the Sale of its Interest In the Asanko Gold Mine for Consideration Including Additional Shares of Galiano Gold

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Gold Fields Stock (NYSE:GFI), Trade Ideas