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GFI

Gold Fields

$3.58

-0.155 (-4.15%)

, AU

AngloGold

$12.08

-0.43 (-3.44%)

09:34
01/22/19
01/22
09:34
01/22/19
09:34

Gold Fields would like to merge with AngloGold, Bloomberg reports

Gold Fields (GFI) would like to merge with larger rival AngloGold Ashanti (AU) as the industry undergoes a wave of consolidation, Felix Njini of Bloomberg reports, citing a person familiar with the matter. Gold Fields views AnglogGold as the ideal suitor as both miners operate in similar jurisdictions and have a shared philosophy, the source told Bloomberg. Shares of Gold Fields are up 11c to $3.69 in early trading while AngloGold Ashanti is up 6c to $12.13.

GFI

Gold Fields

$3.58

-0.155 (-4.15%)

AU

AngloGold

$12.08

-0.43 (-3.44%)

GFI Gold Fields
$3.58

-0.155 (-4.15%)

09/18/18
RBCM
09/18/18
DOWNGRADE
RBCM
Sector Perform
AngloGold downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst James Bell downgraded AngloGold (AU) to Sector Perform from Outperform and lowered his price target to ZAR13,000 from ZAR13,200. The analyst says the "large diversified gold miner business is under pressure" and needs to be addressed, but adds that the company's new CEO Kevin Dushinsky is up to the task. Bell adds that AngloGold's valuation is less attractive than some of its South Africa peers like Gold Fields (GFI).
09/18/18
RBCM
09/18/18
UPGRADE
RBCM
Outperform
Gold Fields upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst James Bell upgraded Gold Fields to Outperform from Sector Perform and raised his price target to ZAR5,000 from ZAR4,300. The analyst notes that the company's re-investment plan will yield a strong free cash flow inflection in 2019, adding that Gold Fields is also better positioned relative to its competitors based on its "underappreciated" Australia business. Bell further states that while the company's valuation discount relative to its EMEA peers has narrowed, it remains attractive with current multiples now at a 2-year low.
12/10/18
BMOC
12/10/18
INITIATION
Target $3
BMOC
Underperform
Gold Fields initiated with an Underperform at BMO Capital
BMO Capital analyst Andrew Kaip initiated Gold Fields with an Underperform rating and a price target of $3. The analyst notes that while he likes the direction of the company toward portfolio management, he also sees more work to do on the reserve life fronts. Kaip further cites the company's continued exposure to South Africa, but adds that the resolution of strike activities and a "measurable operational progress on restructuring South Deep" would be the catalysts that would lead him to reconsider his rating.
12/10/18
12/10/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Solid Biosciences (SLDB) initiated with a Neutral at BTIG. 2. Canada Goose (GOOS) initiated with a Positive at Susquehanna. 3. Internap (INAP) initiated with a Buy at Jefferies. 4. Vapotherm (VAPO) initiated with an Outperform at William Blair and a Buy at BTIG, Canaccord, and BofA/Merrill. 5. Gold Fields (GFI) initiated with an Underperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
AU AngloGold
$12.08

-0.43 (-3.44%)

08/28/18
08/28/18
DOWNGRADE

Underperform
Macquarie says avoid deep level operators, cuts Harmony, Sibanye to Underperform
As previously reported, Macquarie analyst Yatish Chowthee downgraded Harmony Gold (HMY) and Sibanye Gold (SBGL), both to Underperform from Neutral, citing the inflationary headwinds facing the South African gold mining sector, particularly those faced by the deep level operators. He favors companies with a geographically diverse portfolio mix and views investments in the sector as better suited to the short-to-medium term given the level of volatility exhibited with gold equities, Chowthee tells investors. However, he maintain an Outperform rating on AngloGold (AU).
11/06/18
SBSH
11/06/18
DOWNGRADE
SBSH
Sell
AngloGold downgraded to Sell from Neutral at Citi
Citi analyst Johann Steyn downgraded AngloGold to Sell saying the shares are expensive following the recent rally. The analyst thinks the stock has rallied too far on limited fundamental news.
12/10/18
BMOC
12/10/18
INITIATION
Target $11
BMOC
Market Perform
AngloGold initiated with a Market Perform at BMO Capital
BMO Capital analyst Andrew Kaip initiated AngloGold with a Market Perform rating and a price target of $11. The analyst states that while the company's outlook has improved, its stock price has also risen about 40% relative to peers over the past 4 months and has now reached a valuation multiple that is comparable to its group. Kaip adds that he will look for further indications of mind life improvement from the new CEO Kelvin Dushnisky along with solid execution at the Obuasi mine after the executive's decision to approve the redevelopment, which has likely stabilized the company's annual production in the 3.3M oz range into the middle of next decade.

TODAY'S FREE FLY STORIES

AVP

Avon Products

$3.06

0.28 (10.07%)

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ALLY

Ally Financial

$26.12

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Ally Financial call volume above normal and directionally bullish »

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General news
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DVY

iShares Select Dividend ETF

$97.48

-1.05 (-1.07%)

, VIG

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QQQ

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IWM

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AMZN

Amazon.com

$1,777.68

-40.77 (-2.24%)

, MSFT

Microsoft

$118.03

-2.62 (-2.17%)

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Conference/Events
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AMZN

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MSFT

Microsoft

$118.03

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HLF

Herbalife Nutrition

$55.47

-0.74 (-1.32%)

14:50
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Options
Healthy put write in Hebralife »

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  • 24

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NXPI

NXP Semiconductors

$91.41

-2.88 (-3.05%)

14:45
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Options
NXP Semiconductors call volume above normal and directionally bullish »

Bullish option flow…

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LXRX

Lexicon

$7.51

-0.45 (-5.65%)

14:45
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Hot Stocks
Breaking Hot Stocks news story on Lexicon 

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  • 22

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14:40
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General news
Action Economics Survey results: »

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PEG

PSEG

$59.99

0.52 (0.87%)

14:39
03/22/19
03/22
14:39
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Conference/Events
PSEG management to meet with BTIG »

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  • 16

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14:37
03/22/19
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14:37
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Conference/Events
BTIG transportation/shipping analyst to hold an analyst/industry conference call »

Transportation/Shipping…

RF

Regions Financial

$13.59

-0.84 (-5.82%)

14:35
03/22/19
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14:35
Options
Regions Financial put volume heavy and directionally bearish »

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  • 18

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FCAU

Fiat Chrysler

$14.61

-0.4 (-2.66%)

, PUGOY

Peugeot

$0.00

(0.00%)

14:32
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Periodicals
Fiat Chrysler turned away Peugeot approach earlier this year, WSJ says »

Peugeot (PUGOY)…

FCAU

Fiat Chrysler

$14.61

-0.4 (-2.66%)

PUGOY

Peugeot

$0.00

(0.00%)

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GG

Goldcorp

$10.70

-0.47 (-4.21%)

, NEM

Newmont Mining

$34.52

0.2 (0.58%)

14:25
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14:25
Hot Stocks
BCI says will exercise holder rights in voting against Goldcorp-Newmont merger »

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GG

Goldcorp

$10.70

-0.47 (-4.21%)

NEM

Newmont Mining

$34.52

0.2 (0.58%)

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  • 11

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FCAU

Fiat Chrysler

$14.58

-0.43 (-2.86%)

14:25
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Options
Fiat Chrysler call volume above normal and directionally bullish »

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LXRX

Lexicon

$7.51

-0.45 (-5.65%)

, SNY

Sanofi

$44.34

-1.07 (-2.36%)

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Hot Stocks
Lexicon to resume trading at 2:45 pm ET »

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LXRX

Lexicon

$7.51

-0.45 (-5.65%)

SNY

Sanofi

$44.34

-1.07 (-2.36%)

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  • 22

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PDLB

PDL Community Bancorp

$13.63

-0.01 (-0.07%)

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Hot Stocks
PDL Community Bancorp to repurchase up to 923,151 common shares »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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SNI

Scripps Networks

$0.00

(0.00%)

, LXRX

Lexicon

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-0.45 (-5.65%)

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Sanofi says FDA issues CRL for Zynquista »

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SNI

Scripps Networks

$0.00

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LXRX

Lexicon

$7.51

-0.45 (-5.65%)

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  • 22

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

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AMN

AMN Healthcare

$48.35

-0.895 (-1.82%)

14:15
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14:15
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Conference/Events
AMN Healthcare management to meet with Benchmark »

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  • 26

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W

Wayfair

$159.46

-11.73 (-6.85%)

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Options
Wayfair put volume heavy and directionally bearish »

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14:15
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General news
U.S. Treasury reported a -$234 B budget deficit for February »

U.S. Treasury reported a…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

14:13
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Periodicals
Trump to withdraw new North Korea-related sanctions, CNBC says »

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DJX

Dow Jones Industrial Average

$0.00

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SPX

S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$279.71

-4.92 (-1.73%)

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AMED

Amedisys

$123.24

-2.89 (-2.29%)

14:11
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Conference/Events
Amedisys management to meet with Wiliam Blair »

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