FY2025 EPS Estimates for Gold Fields Lowered by Scotiabank

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

A number of other analysts have also recently weighed in on the stock. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $17.20.

Gold Fields Stock Up 1.7 %

Shares of NYSE:GFI traded up $0.35 on Monday, reaching $20.95. 3,556,917 shares of the company's stock were exchanged, compared to its average volume of 3,172,657. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.30 and a beta of 1.14. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $22.18. The business's 50-day moving average is $18.72 and its two-hundred day moving average is $16.31.

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Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.3752 dividend. This represents a dividend yield of 1.6%. 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. Gold Fields's dividend payout ratio is presently 25.96%.

Institutional Trading of Gold Fields

Several institutional investors have recently bought and sold shares of the stock. FCA Corp TX acquired a new position in Gold Fields during the 4th quarter worth $108,000. Net Worth Advisory Group acquired a new stake in Gold Fields in the 4th quarter valued at $136,000. Signaturefd LLC boosted its position in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company's stock valued at $136,000 after purchasing an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Gold Fields during the fourth quarter worth about $139,000. Finally, Sequoia Financial Advisors LLC bought a new position in Gold Fields in the 4th quarter valued at about $141,000. Institutional investors and hedge funds own 24.81% of the company's stock.

About Gold Fields

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.