FY2025 EPS Estimates for Gold Fields Lowered by Scotiabank

Gold Fields Limited (NYSE:GFI - Free Report) - Research analysts at Scotiabank lowered their FY2025 EPS estimates for shares of Gold Fields in a report released on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $1.48 for the year, down from their previous estimate of $1.54. Scotiabank currently has a "Sector Perform" rating and a $20.00 target price on the stock. The consensus estimate for Gold Fields' current full-year earnings is $1.97 per share.

GFI has been the topic of a number of other research reports. StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price target on Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $17.20.

Gold Fields Price Performance

GFI traded up $0.21 during trading on Monday, reaching $20.78. The company had a trading volume of 1,686,161 shares, compared to its average volume of 3,160,663. The company has a market cap of $18.60 billion, a P/E ratio of 8.84, a PEG ratio of 0.30 and a beta of 1.14. Gold Fields has a 12 month low of $12.98 and a 12 month high of $22.18. The business's fifty day moving average price is $18.50 and its 200 day moving average price is $16.23.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake 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. Amundi increased its holdings in shares of Gold Fields by 7.3% during the fourth quarter. Amundi now owns 3,107,369 shares of the company's stock worth $44,684,000 after buying an additional 211,333 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Gold Fields by 6.4% in the 4th quarter. American Century Companies Inc. now owns 2,976,004 shares of the company's stock valued at $39,283,000 after acquiring an additional 178,973 shares during the last quarter. RWC Asset Management LLP boosted its holdings in shares of Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after acquiring an additional 227,704 shares in the last quarter. Finally, DJE Kapital AG bought a new stake in Gold Fields during the 4th quarter worth $33,486,000. Institutional investors own 24.81% of the company's stock.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a $0.3752 dividend. This is a positive change from Gold Fields's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 1.6%. Gold Fields's dividend payout ratio (DPR) is presently 25.96%.

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.