Gold Fields Expects Lower Earnings Amidst Production Challenges
Company Announcements

Gold Fields Expects Lower Earnings Amidst Production Challenges

Gold Fields (GFI) has released an update.

Gold Fields Limited has announced that its headline earnings per share (HEPS) for the first half of 2024 are expected to be significantly lower than the previous year, with a decrease of 25% to 33%. The decline is attributed to various challenges such as lower production at key mines and higher costs, although a higher gold price partially offset these negatives. Improvements in gold volumes sold are anticipated in the latter half of the year as production is expected to ramp up in several mines.

For further insights into GFI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskGold Fields Acquires Osisko, Expands in Canada
TheFlyGold Fields upgraded to Buy from Hold at Investec
TheFlyGold Fields price target raised to $18.20 from $15.10 at JPMorgan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App