Beyond Salares Norte: BMO Upgrades Gold Fields Despite Project Delays

BMO Capital Markets analyst Raj Ray upgraded Gold Fields Limited (NYSE:GFI) to Market Perform from Underperform and slightly increased the price target to $14.00 (from $13.50).

The bullish stance reflects revised gold price forecasts released today. Since early February, Gold Fields’ shares have trailed the GDX by approximately 23%, despite favorable gold prices owing to recent operational volatility, delays and ramp-up challenges at the Salares Norte project …

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