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RBC Capital Believes Gold Fields (GFI) Still Has Room to Grow

In a report released yesterday, Josh Wolfson from RBC Capital maintained a Buy rating on Gold Fields (GFIResearch Report), with a price target of $12.00. The company’s shares closed last Monday at $16.04, close to its 52-week high of $16.20.

According to TipRanks.com, Wolfson is a 3-star analyst with an average return of 2.6% and a 58.5% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Currently, the analyst consensus on Gold Fields is a Moderate Buy with an average price target of $13.75, which is a -14.9% downside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $15.50 price target.

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Gold Fields Ltd. is a gold mining company, which engages in the production of gold and operation of mines. Its operating mines are located in Australia, Ghana, Peru, and South Africa. The company was founded on May 03, 1968 and is headquartered in Johannesburg, South Africa.

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