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Fly News Breaks for April 25, 2019
GFI
Apr 25, 2019 | 19:34 EDT
BMO Capital analyst Andrew Kaip upgraded Gold Fields to Outperform and raised his price target to $5 from $4 after its better than expected Q1 production that "positions the company at the top end of 2019 guidance." The anajyst warns that South Africa risks remain, but with "progress at South Deep above expectations", Kaip believes the output sets the "stage for further gains through 2019." Kaip adds that Gold Fields' international portfolio is expected to reach a cash flow inflection in the second half of 2019.
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