Gold Fields initiated with a Buy at Canaccord

Canaccord initiated coverage of Gold Fields (GFI) with a Buy rating and $33.30 price target The firm says the company is one of the top 10 gold producers globally with 10 operations. Gold Fields has has strong near-term growth prospects to drive internal production and profit growth as well as a stock re-rating backed up by much higher shareholder returns, the analyst tells investors in a research note. Canaccord sees growth catalysts through 2026 from the Salares Norte and Gruyere mines.