Morgan Stanley Upgrades Gold Fields (GFI) to Equal Weight

Gold Fields Limited (NYSE:GFI) is one of the 10 Best Gold Stocks to Buy for the Long Term.

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. The firm said it is increasing earnings estimates and price targets across its gold coverage, driven primarily by a higher gold price forecast.

On April 6, 2026, JPMorgan lowered its price target on Gold Fields Limited (NYSE:GFI) to $76 from $80 and maintained an Overweight rating.

Earlier in the month, Gold Fields reaffirmed its commitment to South Africa’s long-term growth through a R1.714 billion investment pledge for 2026 and 2027 at the Sixth South Africa Investment Conference in Sandton. The investment supports the South Deep Expansion Project and will focus on infrastructure development, early access to new mining areas, and expansion of renewable energy capacity. The company said the project is expected to increase production from 309Koz in 2025 to approximately 338Koz in 2027, reaching 400Koz by 2030. President Cyril Ramaphosa highlighted the need to translate investment pledges into projects that support economic growth and job creation, while more than 70% of the South Deep investment is expected to go to local businesses, representing about R1.23bn into the local economy.

Morgan Stanley Upgrades Gold Fields (GFI) to Equal Weight

Gold Fields Limited (NYSE:GFI) operates as a gold producer with assets across South Africa, Ghana, Australia, Peru, Canada, and Chile.

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