- Gold Fields is down more than 27% over the past 30 trading days, and is now hovering just above a key support level near $8.40.
- Unfortunately, the investment thesis has weakened slightly due to the Peru Election, with the potential for Pedro Castillo to take over the reins.
- The good news is that Cerro Corona makes up less than 10% of annual guidance, with this figure remaining below 10% once Salares Norte comes online.
- Given Gold Fields' impressive organic growth profile and only modest exposure to Peru, I see this pullback to $9.00 as a low-risk buying opportunity.
For further details see:
Gold Fields: Back On The Sale Rack