UPDATE: RBC Capital Assumes Gold Fields (GFI), Upgrades to Outperform

October 12, 2021 3:49 AM EDT
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Price: $9.74 +0.83%

Rating Summary:
    6 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 14 | New: 48
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(Updated - October 12, 2021 4:19 AM EDT)

RBC Capital analyst Tyler Broda upgraded Gold Fields (NYSE: GFI) from Sector Perform to Outperform with a price target of $11.00 (from $10.50).

The analyst comments "Delivery of GFI's world class Salares Norte project by 2023 is forecast to double corporate FCF and complement the company's existing favourable geographic mix and firm financial positioning. We are transferring coverage, upgrading our rating to Outperform, and updating our target price to $11 (prev $10.50)."

For an analyst ratings summary and ratings history on Gold Fields click here. For more ratings news on Gold Fields click here.

Shares of Gold Fields closed at $8.77 yesterday.

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