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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Gold Fields Limited    GFI   ZAE000018123

GOLD FIELDS LIMITED

(GFI)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 10/28
175.91 ZAR   -4.22%
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Stocks rise with Fed on the radar, S.African gold miners falter

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07/28/2020 | 05:43am EDT

* U.S. Fed to start two-day policy meeting

* S.African miners falter as gold prices halt rally

* Moderna, Pfizer start COVID-19 vaccine trials

* EM currencies pressured as dollar bounces

July 28 (Reuters) - Developing world stocks climbed on Tuesday, with rising bets of a dovish stance from the U.S. Federal Reserve to support the world's biggest economy, while South African gold miners slipped as prices of precious metal retreated from record highs.

Markets are anticipating a dovish stance from the Fed as it gears up for its two-day policy meeting starting on Tuesday, while Washington prepares to hammer out a $1 trillion coronavirus aid package.

"Even if tomorrow is unlikely to be the right moment for a more expansionary monetary policy approach, the Fed will no doubt sound prepared for further easing," said Esther Reichelt, an FX & emerging markets analyst at Commerzbank.

The upward momentum in stocks was also supported by Moderna Inc and Pfizer Inc's launches of two 30,000-subject trials of COVID-19 vaccines on Monday that could clear the way for regulatory approval and widespread use by the end of this year.

The MSCI's index for emerging market equities gained 0.8%, rising for the second straight day with most gains made in Asian markets.

A recent rally in the precious metal market stalled, with gold prices scaling back from record highs against a strengthening dollar.

Gold miners in South Africa, including Gold Fields Limited , AngloGold Ashanti and Sibanye Stillwater , fell between 3% and 5%.

South Africa's main stock index also declined, with local investors focusing more on offshore events, despite the International Monetary Fund's approval of $4.3 billion in emergency financing for South Africa on Monday, to help address the challenges of the coronavirus pandemic.

As the greenback crept higher, most emerging market currencies slipped, with the Russian rouble, Turkish lira and South African rand weakening between 0.5% and 0.6%.

Turkey's BDDK banking watchdog said it will exempt international development banks from some restrictions on access to lira liquidity.

The international developments banks that open a lira account with domestic banks will be allowed to conduct swaps transactions involving buying lira with the Development Investment Bank of Turkey, and in the FX swap market at the Istanbul bourse.

Currencies in central and eastern Europe, including Hungary , Poland, Romania and the Czech Republic, were mostly flat against the euro.

For GRAPHIC on emerging market FX performance in 2020, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2020, see https://tmsnrt.rs/2OusNdX

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see (Reporting by Shreyashi Sanyal in Bengaluru, editing by Ed Osmond)


Stocks mentioned in the article
ChangeLast1st jan.
ANGLOGOLD ASHANTI LIMITED -2.32% 380.95 End-of-day quote.20.36%
COMMERZBANK AG -1.69% 4.019 Delayed Quote.-25.85%
DOW JONES AFRICA TITANS 50 INDEX -0.27% 465.68 Delayed Quote.-13.41%
DOW JONES SOUTH AFRICA(ZAR) 0.94% 1629.08 Delayed Quote.-10.49%
GOLD -0.09% 1878.51 Delayed Quote.25.56%
GOLD FIELDS LIMITED -4.22% 175.91 End-of-day quote.83.49%
MODERNA, INC. -6.98% 65.74 Delayed Quote.236.09%
PFIZER INC. -5.29% 35.45 Delayed Quote.-9.52%
PFIZER LIMITED -1.04% 5084.55 End-of-day quote.20.37%
S&P AFRICA 40 INDEX 0.09% 153.2 Delayed Quote.-8.04%
SIBANYE STILLWATER LIMITED -6.62% 45.53 End-of-day quote.26.86%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.15% 79.1482 Delayed Quote.24.78%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.34% 8.29908 Delayed Quote.39.12%
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Financials
Sales 2020 63 532 M 3 887 M 3 887 M
Net income 2020 10 055 M 615 M 615 M
Net Debt 2020 16 236 M 993 M 993 M
P/E ratio 2020 15,6x
Yield 2020 2,17%
Capitalization 155 B 9 514 M 9 506 M
EV / Sales 2020 2,70x
EV / Sales 2021 2,18x
Nbr of Employees 5 655
Free-Float 93,8%
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Technical analysis trends GOLD FIELDS LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 228,45 ZAR
Last Close Price 175,91 ZAR
Spread / Highest target 59,2%
Spread / Average Target 29,9%
Spread / Lowest Target -6,77%
EPS Revisions
Managers
NameTitle
Nicholas John Holland Chief Executive Officer & Executive Director
Cheryl Ann Carolus Non-Executive Chairman
Paul A. Schmidt Chief Financial Officer & Executive Director
Richard J. Butcher Executive Vice President-Technical
Richard Peter Menell Deputy Chairman
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