Why Gold Fields Ltd. (GFI) Went Up On Thursday?

We recently published a list of 10 Firms Buck Thursday’s Market Bloodbath. In this article, we are going to take a look at where Gold Fields Ltd. (NYSE:GFI) stands against other Thursday’s best performers.

Investors sold off positions on Thursday, sending the stock market tumbling anew following President Donald Trump’s announcement that he had actually raised tariffs on Chinese goods by 145 percent since taking office.

Among all major indices, the Nasdaq was battered the most, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent.

Meanwhile, 10 companies bucked a broader market decline, registering modest gains during the session.

In this article, we have listed Thursday’s 10 best performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

Aerial view of a large gold mine in South Africa with many excavators and trucks working.

Gold Fields Ltd. (NYSE:GFI)

Gold Fields jumped by 8.58 percent on Thursday to touch a new all-time high of $23.73 before finishing slightly lower at $23.40 each, in line with the higher prices of gold.

Additionally, the rally was pushed by investors seeking safety from the precious metal amid the escalating global trade war.

Spot prices of gold ended 0.35 percent higher on Thursday at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session.

Headquartered in Johannesburg, South Africa, GFI is one of the largest gold mining companies globally.

In recent news, it was rejected by Australia’s Gold Road Resources for its proposed $2.1 billion takeover bid. In response, Gold Road put forward a counterproposal to acquire GFI’s stake in the Gruyere mine at the same implied valuation as the rejected offer.

Overall, GFI ranks 3rd on our list of Thursday’s best performers. While we acknowledge the potential of GFI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GFI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.