BofA reaffirms Buy rating on Gold Fields Limited, projecting industry-leading production growth.

From Yahoo Finance: 2025-06-24 17:09:00

Gold Fields Limited (NYSE:GFI) is highlighted as one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds, with a Buy rating and $26.00 price target by Bank of America Securities analyst Reinhardt van der Walt. The company shows leverage to high gold prices and potential growth, with a bullish outlook for gold reaching $4,000 by H2 2025.

Reinhardt projects Gold Fields Limited (NYSE:GFI) to achieve industry-leading production growth, exceeding consensus estimates and outperforming peers globally. The company’s strong exploration and reserve replacement track record, particularly in Australia, supports the Buy rating.

Gold Fields Limited (NYSE:GFI) is a globally diversified gold producer with operations in South Africa, Australia, Chile, Ghana, Peru, and Canada. Engaged in underground and surface gold and copper mining, the company also explores, extracts, and processes silver. Despite its potential, some see greater upside potential in certain AI stocks.

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Read more: BofA Reiterates a Buy Rating on Gold Fields Limited (GFI)