Key facts: JP Morgan rates Gold Fields 'Overweight'; Scotiabank raises target to $47; Stock up 4.8%
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- JP Morgan has initiated coverage of Gold Fields (GFI) with an 'Overweight' rating, suggesting a favorable outlook for the stock.1
- Scotiabank has increased its price target for Gold Fields to $47.00 per share, a significant rise from the previous target of $30.00.2
- Gold Fields (GFI) saw a 4.8% increase in its stock price as gold prices rebounded following a week of volatility.3