BofA reinstated coverage of Gold Fields with a Buy rating and $16 price target. The firm, which says it likes Gold Fields’ “world class asset base,” underwritten by 20-plus years of reserves, points to the Salares Norte project ramp-up as a near-term key focus and contends that the project should become “a strong free cash flow generator.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GFI: