Canaccord Upgrades Gold Fields (GFI) to Buy and Raises PT to $57.25

Gold Fields Limited (NYSE:GFI) is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 24, 2026, Gold Fields Limited (NYSE:GFI) was upgraded to Buy from Hold by Canaccord, which also raised its price target to $57.25 from $40.25 previously. The firm increased its gold price forecasts by 7% to 8% through 2029, citing continued strength in gold and silver prices. Canaccord said a stronger long-term outlook for precious metals should support higher valuations across the sector.

On April 15, 2026, Morgan Stanley upgraded Gold Fields Limited (NYSE:GFI) to Equal Weight from Underweight and raised its price target to ZAR 77,000 from ZAR 68,000 previously. The firm said it increased earnings estimates and price targets across its gold coverage primarily due to higher gold price assumptions.

Canaccord Upgrades Gold Fields (GFI) to Buy and Raises PT to $57.25

Photo by Ricardo Gomez Angel on Unsplash

Earlier in the month, JPMorgan lowered its price target on Gold Fields Limited (NYSE:GFI) to $76 from $80 while maintaining an Overweight rating on the shares.

Gold Fields Limited (NYSE:GFI) operates gold mines and development projects across South Africa, Ghana, Australia, Peru, Canada, and Chile.

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