Gold Fields Stock Rally Is Unjustified, Says Bearish Analyst: ‘Operational Risks Across Portfolio’
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Shares of Gold Fields Limited (NYSE: GFI) tanked in early trading on Friday, Feb. 2.
The Johannesburg, South Africa gold mining company has been outperforming its peers over the past 12-months. However, a premium valuation is unjustified in view of the “operational risks we see across the portfolio,” according to BMO Capital Markets’ Raj Ray.
The Gold Fields Analyst: Ray downgraded the rating for Gold Fields from Market Perform to Underperform, while reducing the price target from $14 to $12.
Check out other analyst stock ratings.
The Gold Fields Thesis: …
Full story available on Benzinga.com
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