Sep. 12 at 1:57 PM
$GFI Gold Fields is paying A
$3.7B (~US
$2.39B) for Gold Road, effectively buying the other half of Gruyere. Ghana told them to pack up at Damang, which shaved ~6% off prior output. The forward P/E sits around 13× with ROE in the low-20s.
#RKT Rocket beat the quarter with enough to look “better than expected.” It bought Redfin, which means mashing together real estate traffic with an equally interest-rate-sensitive mortgage business. Analysts are already hyping rate cuts.
Bank of America upgraded the stock, hiking the target from
$21 to
$24. The case is simple: falling rates could juice both purchase & refinance volumes. The Mr. Cooper deal comes with the usual promise of half a billion in “synergies.” Add in
$200M in Redfin synergy fairy dust & an 11% bump to 2026 EPS estimates.
