NEW YORK (TheStreet) -- Shares of Gold Fields (GFI) finished the day in the green, having traded higher by 5.32% to $4.16 by the close on Friday, as some metal and mining stocks got a jolt from the uptick in gold prices.
Gold for June delivery is up by 0.31% to $1,241.40 per ounce on the COMEX this afternoon.
The price of the precious metal gained today as it reaped the benefits from a weaker dollar. When the greenback falls assets priced in the buck will become less expensive to those that hold other currencies.
The metal has been seeing green after the release of the minutes from the latest Fed meeting, which showed members are not in a rush to hike up interest rates.
Gold can struggle when rates rise as the asset offers no yield to those that hold it.
Gold Fields is a South Africa 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. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.
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