Beyond Salares Norte: BMO Upgrades Gold Fields Despite Project Delays
Portfolio Pulse from Lekha Gupta
BMO Capital Markets upgraded Gold Fields Limited (NYSE:GFI) to Market Perform from Underperform, raising the price target to $14.00. Despite operational challenges and delays at the Salares Norte project, the company has shown strong operational consistency. Investors can gain exposure via VanEck Gold Miners ETF (NYSE:GDX) and Themes Gold Miners ETF (NASDAQ:AUMI).
June 26, 2024 | 8:12 pm
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POSITIVE IMPACT
Investors can gain exposure to Gold Fields Limited via Themes Gold Miners ETF (NASDAQ:AUMI).
AUMI includes Gold Fields Limited, and the positive outlook for GFI could benefit AUMI. The ETF provides diversified exposure to gold mining stocks, including GFI.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Gold Fields Limited via VanEck Gold Miners ETF (NYSE:GDX).
GDX includes Gold Fields Limited, and the positive outlook for GFI could benefit GDX. The ETF provides diversified exposure to gold mining stocks, including GFI.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
BMO Capital Markets upgraded Gold Fields Limited to Market Perform from Underperform, raising the price target to $14.00. Despite operational challenges at Salares Norte, the company has shown strong operational consistency.
The upgrade from Underperform to Market Perform and the raised price target indicate a positive outlook for GFI. Despite challenges, the company's operational consistency and new management's focus on productivity are seen as positive factors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100