We recently published a list of 10 Firms End Friday Strong; 3 Reach All-Time Highs. In this article, we are going to take a look at where Gold Fields Ltd. (NYSE:GFI) stands against other firms that end Friday strong.

Wall Street’s main indices finished the trading week in the negative territory as investor sentiment was weighed down by economic uncertainties brought about by the ongoing trade tensions globally.

The tech-heavy Nasdaq fell the heaviest, by 2.70 percent, followed by the S&P 500, by 1.97 percent, and the Dow Jones, by 1.69 percent.

Despite the broader market downturn, 10 individual stocks showed a strong performance during the trading session, with three companies particularly notable for hitting new all-time highs.

In this article, we listed Friday’s top 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 in 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 rose for a second day on Friday to touch a new all-time high following Bank of America’s bullish outlook on gold prices.

In its market note on Wednesday, Bank of America raised its average gold prices forecast for this year and in 2026 to $3,063 per ounce this year and to $3,350 per ounce next year. The new figures marked a significant increase from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026.

The bullish outlook spilled over to gold prices, including Gold Fields, propelling the company’s all-time high performance before a slight selling pulled the company lower.

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 counter-proposal to acquire GFI’s stake in the Gruyere mine at the same implied valuation as the rejected offer.

Overall, GFI ranks 4th on our list of firms that end Friday strong. While we acknowledge the potential of GFI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as GFI but trades at less than 5 times its earnings, check out our report about the 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.