Scotiabank Analysts Raise Earnings Estimates for Gold Fields

Gold Fields Limited (NYSE:GFI) – Stock analysts at Scotiabank boosted their FY2025 EPS estimates for shares of Gold Fields in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $1.54 for the year, up from their prior estimate of $1.30. The consensus estimate for Gold Fields’ current full-year earnings is $1.11 per share. Scotiabank also issued estimates for Gold Fields’ FY2026 earnings at $1.43 EPS.

Several other analysts have also recently commented on GFI. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating for the company in a report on Friday, December 6th. Finally, Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Gold Fields currently has a consensus rating of “Hold” and a consensus price target of $16.03.

Gold Fields Trading Up 2.7 %

NYSE:GFI opened at $15.13 on Monday. The stock has a 50 day moving average of $14.29 and a two-hundred day moving average of $15.24. Gold Fields has a 12 month low of $12.28 and a 12 month high of $18.97.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently modified their holdings of GFI. Van ECK Associates Corp boosted its position in shares of Gold Fields by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 48,505,911 shares of the company’s stock valued at $744,566,000 after acquiring an additional 1,549,372 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Gold Fields by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after purchasing an additional 580,546 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Gold Fields by 28.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock valued at $38,878,000 after buying an additional 581,730 shares during the period. Bamco Inc. NY grew its stake in shares of Gold Fields by 4.8% in the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company’s stock valued at $30,989,000 after buying an additional 92,571 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Gold Fields by 66.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock worth $21,263,000 after buying an additional 551,210 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.