SMC Learn To Trade

Gold Fields Limited. JSE: GFI

GoldFields shares

Background of Gold Fields

  • Gold Fields Limited is a gold mining company based in South Africa and listed on the Johannesburg Stock Exchange (JSE), with secondary listings on the New York Stock Exchange and the Swiss Stock Exchange.

  • The company’s history can be traced back to 1887, when Cecil John Rhodes and Charles Rudd formed Gold Fields of South Africa. The company in its current form was established when the assets of Gold Fields of South Africa and Glencor Limited were amalgamated in 1998. The company is one of the world’s largest gold producers and has a globally diversified portfolio, owning eight mines in South Africa, Ghana, Australia and Peru. There are also operations in Chile, Finland and the Phillipines. The company has average annual production of 2 million ounces. This includes copper, nickel and platinum group metals production.

  • Gold Fields employs approximately 9 000 full-time employees and more than 7 000 contractors. The group recorded revenue of US$2.5 billion in 2015. The live online stocks chart shows that Gold Fields share price has enjoyed a highly profitable spell on the bourse of late, yielding fantastic returns for investors who buy the shares.

Gold Fields Shares Growth Driver

  • Gold Fields has had to withstand difficult conditions within the gold industry recently, including a falling gold price, labour strikes and a weakened global economy. The group’s globally diversified portfolio and strong operations allowed the company to cushion some of this impact and gain from commodity currency depreciation against the dollar. The company embarked on a transformation process in 2012, when gold prices were still around their peak of US$1800 per ounce. The focus was to change the company into a leaner, more focused organisation. An unforeseen decline in gold prices pushed many gold mining companies onto the brink of ruin, but the fortuitous restructuring of Gold Fields made the company better equipped to deal with these trade conditions.

  • Despite a 45% decline in the gold price from 2011 to 2015, the company is generating more cash than when the gold price was at its peak. Key strategic priorities include setting up the South Deep mine in South Africa, solidifying cash flow and margin and distributing dividends of between 25% and 35% of normalised earnings. International operations have been improving, and in Australia (the biggest international region) current levels of exploration expenditure are set to continue and grow production. The group’s growth strategy also hinges on moves to buy producing assets.

Gold Fields Group Investor Tip

  • Gold Fields has managed to weather the difficult conditions within the gold industry better than most of its peers, making Gold Fields shares a tempting buy. The company is generating cash and has plenty of capital to invest in existing and new projects. From July 2015 to July 2016, Gold Fields share price more than doubled. Gold Fields shares are expected to improve further as the gold price strengthens. The company has managed to record impressive financial data, and is one of the top gold stocks to purchase at present.

Gold Fields Major Shareholders

Public Investment Corporation, Allan Gray, BlackRock Investment Management.
  • Sector

    Materials

  • Industry

    Metals & Mining

  • Sub industry

    Precious Metal Mining

How to buy Gold Fields Group Shares

  • Gold Fields : How to buy Gold Fields Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Gold Fields Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Gold Fields Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Gold Fields Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Gold Fields Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
  • Buy Shares with Confidence

    Buying JSE shares has never been this convenient and easy. #myfirstshare

    View more JSE shares for sale – here.

<a href="https://www.sashares.co.za/gfields-shares">Credits: SA Shares™</a>
<iframe class="stock_frame" width="100%" height="1200px" src="https://www.profiledata.co.za/brokersites/SAShares/Summary.aspx?c=GFI"></iframe>