Information Provided By:
Fly News Breaks for April 4, 2018
GFI
Apr 4, 2018 | 09:19 EDT
As reported earlier, RBC Capital analyst Tyler Broda upgraded Gold Fields to Sector Perform from Underperform, saying the company's valuation has moved toward fair price and a more "balanced investment case". Broda notes the company's stabilizing cash flows despite the investment in its mining site portfolio, while also anticipating a 12% production increase by 2020 at similar cost. The analyst also lowers his price target on Gold Fields to ZAc4,300 from ZAc4,400, adjusting his model with assumption of a slightly stronger ZAR currency.
News For GFI From the Last 2 Days
There are no results for your query GFI