Deutsche Bank Starts Gold Fields (GFI) at Hold; Current Operations Fully Priced

Deutsche Bank initiates coverage on Gold Fields (NYSE: GFI) with a Hold.

Deutsche analyst says, "Gold Fields' 2015 5moz target is unlikely to be met from current operations, in our view. We believe there is a risk that management initiates a large capex programme (build and purchase) to enable the target to be reached. In the meantime, we do not expect any significant value unlock until new projects are approved. Gold Fields' main South African project, South Deep, is a quality mine that will contribute significantly to group profitability; however, the asset has late life risks to costs and production that are not currently priced in."

For more ratings news on Gold Fields click here and for the rating history of Gold Fields click here.

Shares of Gold Fields closed at $17.43 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Deutsche Bank Starts Hochtief AG (HOT:GR) (HOCFF) at Hold
• JPMorgan Resumes SanDisk (SNDK) at Overweight
• Raymond James Starts SpyGlass Pharma (SGP) at Outperform