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Gold Fields (GFI): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tue May 12, 9:00PM CDT

RBC Capital analyst Josh Wolfson maintained a Buy rating on Gold Fields yesterday and set a price target of $68.00.

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Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Royal Gold, and OR Royalties. According to TipRanks, Wolfson has an average return of 22.4% and a 66.46% success rate on recommended stocks.

In addition to RBC Capital, Gold Fields also received a Buy from Canaccord Genuity’s Tim Huff in a report issued on April 24. However, on May 8, Scotiabank maintained a Hold rating on Gold Fields (NYSE: GFI).

Based on Gold Fields’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.29 billion and a net profit of $2.55 billion. In comparison, last year the company earned a revenue of $3.08 billion and had a net profit of $856 million

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