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AU

AngloGold

$12.41

0.33 (2.73%)

, GFI

Gold Fields

$3.74

0.16 (4.47%)

11:22
01/22/19
01/22
11:22
01/22/19
11:22

Gold Fields calls Bloomberg report 'factually incorrect'

The company said, "Gold Fields Limited (GFI) has taken note of the Bloomberg statement that it wants to combine with rival AngloGold Ashanti (AU). This article is factually incorrect and we completely disassociate ourselves with this statement."

AU

AngloGold

$12.41

0.33 (2.73%)

GFI

Gold Fields

$3.74

0.16 (4.47%)

AU AngloGold
$12.41

0.33 (2.73%)

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).
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).
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.
GFI Gold Fields
$3.74

0.16 (4.47%)

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.

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GLD

SPDR Gold Shares

$123.04

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VLKAY

Volkswagen

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VMI

Valmont

$136.23

2.79 (2.09%)

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FLDM

Fluidigm

$13.78

0.12 (0.88%)

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FOX

21st Century Fox

$51.06

-0.64 (-1.24%)

, FOXA

21st Century Fox

$51.38

-0.57 (-1.10%)

17:26
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FOX

21st Century Fox

$51.06

-0.64 (-1.24%)

FOXA

21st Century Fox

$51.38

-0.57 (-1.10%)

DIS

Disney

$113.07

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XYF

X Financial

$6.23

0.715 (12.98%)

17:23
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Earnings
X Financial reports Q4 EPS 24c, two estimates 24c »

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CADE

Cadence Bancorp

$20.24

0.51 (2.58%)

17:22
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Hot Stocks
Cadence Bancorp President Samuel Tortorici buys almost $1M in company shares »

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CELP

Cypress Energy

$7.41

0.06 (0.82%)

17:22
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Breaking Syndicate news story on Cypress Energy »

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  • 18

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JWN

Nordstrom

$44.21

0.465 (1.06%)

17:21
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Syndicate
Breaking Syndicate news story on Nordstrom »

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GD

General Dynamics

$171.73

2.13 (1.26%)

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FFIN

First Financial

$61.60

0.44 (0.72%)

, MBFI

MB Financial

$47.20

0.63 (1.35%)

17:19
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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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FFIN

First Financial

$61.60

0.44 (0.72%)

MBFI

MB Financial

$47.20

0.63 (1.35%)

FOE

Ferro

$18.88

0.125 (0.67%)

FITB

Fifth Third

$28.74

0.42 (1.48%)

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FOE

Ferro

$18.88

0.125 (0.67%)

, FFIN

First Financial

$61.60

0.44 (0.72%)

17:17
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Hot Stocks
Breaking Hot Stocks news story on Ferro, First Financial »

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FOE

Ferro

$18.88

0.125 (0.67%)

FFIN

First Financial

$61.60

0.44 (0.72%)

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  • 23

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FFIN

First Financial

$61.60

0.44 (0.72%)

, MBFI

MB Financial

$47.20

0.63 (1.35%)

17:17
03/18/19
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Hot Stocks
First Financial to replace MB Financial in S&P 400 at open on 3/22 »

Fifth Third Bancorp…

FFIN

First Financial

$61.60

0.44 (0.72%)

MBFI

MB Financial

$47.20

0.63 (1.35%)

FITB

Fifth Third

$28.74

0.42 (1.48%)

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CUTR

Cutera

$18.00

-0.29 (-1.59%)

17:13
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Hot Stocks
Cutera director Daniel Plants buys almost $1.5M in company shares »

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  • 28

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SMTX

SMTC Corp.

$4.41

-0.1 (-2.22%)

17:13
03/18/19
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Syndicate
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SNE

Sony

$46.10

-0.16 (-0.35%)

, AAPL

Apple

$188.03

1.83 (0.98%)

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Periodicals
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SNE

Sony

$46.10

-0.16 (-0.35%)

AAPL

Apple

$188.03

1.83 (0.98%)

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VRRM

Verra Mobility

$10.89

0.15 (1.40%)

17:08
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Earnings
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  • 18

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EQH

AXA Equitable

$20.86

0.09 (0.43%)

17:06
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Syndicate
AXA Equitable files to sell 40M shares of common stock for holders »

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DIS

Disney

$113.07

-1.89 (-1.64%)

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  • 11

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STML

Stemline

$12.92

-0.71 (-5.21%)

17:02
03/18/19
03/18
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17:02
Recommendations
Stemline analyst commentary at Piper Jaffray »

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REV

Revlon

$19.39

0.42 (2.21%)

17:02
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Hot Stocks
Revlon down 15% after Q4 results miss estimates »

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  • 18

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ATR

AptarGroup

$103.69

0.75 (0.73%)

17:01
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AptarGroup's Bidose approved by FDA for breakthrough treatment of depression »

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