NEW YORK (TheStreet) -- Shares of Gold Fields Limited (GFI) - Get Report are gaining by 4.46% to $4.22 in early afternoon trading on Wednesday, as the metals and mining sector gets a boost from the rise in the price of gold.
A surge in the demand for safe haven assets is driving the price of gold into the green today.
Gold for April delivery is up by 1.69% to $1,243.10 per ounce on the COMEX this afternoon.
Global equity markets are taking a hit from the decline in oil prices, Fox Business reports.
"Gold is rising on the back of weak risk appetite, but what stands out today is that the market is rising even though the dollar is higher as well," Danske Bank senior analyst Jens Pedersen told Fox Business.
Gold Fields is a Johannesburg, South Africa-based producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa.
Separately, TheStreet Ratings has set a "sell" rating and a score of D on Gold Fields stock. This is driven by some concerns, which TheStreet Ratings believes should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks it covers.
Among the areas TheStreet Ratings feels are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: GFI