Scotiabank Brokers Boost Earnings Estimates for Gold Fields

Gold Fields Limited (NYSE:GFI - Free Report) - Analysts at Scotiabank lifted their FY2025 earnings per share (EPS) estimates for shares of Gold Fields in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $1.54 per share for the year, up from their prior forecast 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.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Bank of America started coverage on shares of Gold Fields in a report on Monday, September 16th. They set a "buy" rating and a $16.00 price target on the stock. Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. cut their target price on Gold Fields from $18.00 to $17.10 and set a "neutral" rating on the stock in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of "Hold" and a consensus price target of $16.03.

Gold Fields Price Performance

Gold Fields stock opened at $14.72 on Monday. Gold Fields has a 12 month low of $12.28 and a 12 month high of $18.97. The business's fifty day simple moving average is $14.35 and its two-hundred day simple moving average is $15.24.

Institutional Investors Weigh In On Gold Fields

A number of large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. bought a new position in shares of Gold Fields during the 3rd quarter valued at $160,000. Concurrent Investment Advisors LLC lifted its holdings in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company's stock valued at $170,000 after acquiring an additional 850 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Gold Fields in the third quarter worth about $209,000. MQS Management LLC bought a new stake in shares of Gold Fields during the 2nd quarter valued at about $225,000. Finally, Rakuten Securities Inc. increased its position in shares of Gold Fields by 90.7% during the 3rd quarter. Rakuten Securities Inc. now owns 16,562 shares of the company's stock valued at $254,000 after purchasing an additional 7,879 shares during the last quarter. Institutional investors 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.