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Investing.com - BMO Capital raised its price target on Gold Fields (NYSE:GFI) to $44.00 from $42.00 on Monday, while maintaining a Market Perform rating on the gold miner’s stock.
The price target adjustment follows Gold Fields’ Capital Markets Day, where the company outlined its medium- to long-term growth plans and increased portfolio reinvestment strategy, alongside improved capital returns to shareholders.
BMO Capital noted that the current gold price environment provides capacity for increased reinvestment capital across the mining sector, with Gold Fields potentially being the first company to initiate this process.
The research firm acknowledged Gold Fields’ strong free cash flow generation and higher capital returns despite the increased capital expenditure outlook presented during the event.
BMO Capital maintained its Market Perform rating, however, emphasizing that execution will be a key factor as Gold Fields enters this reinvestment phase of its business strategy.
In other recent news, Gold Fields Ltd reported its third-quarter 2025 earnings, surpassing expectations with an earnings per share of $0.84, compared to the forecasted $0.82. This better-than-expected performance was supported by increased gold production and decreased costs, contributing to a positive outlook for the company. In a strategic move, Gold Fields also acquired a 10.55% stake in Founders Metals Inc. for $50 million. This acquisition was made through the purchase of 12,048,193 common shares at $4.15 per share. Prior to this investment, Gold Fields did not hold any securities in Founders Metals . These developments reflect Gold Fields’ ongoing efforts to strengthen its market position. Additionally, the company’s recent earnings call highlighted its operational efficiencies.
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