Scotiabank Predicts Gold Fields’ FY2024 Earnings (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) – Scotiabank boosted their FY2024 EPS estimates for shares of Gold Fields in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $1.12 per share for the year, up from their prior forecast of $1.06. The consensus estimate for Gold Fields’ current full-year earnings is $1.11 per share.

GFI has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price objective on Gold Fields from $18.00 to $17.10 and set a “neutral” rating for the company in a report on Friday, December 6th. Bank of America began coverage on Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 price target on the stock. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. 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 Trading Up 2.4 %

Shares of NYSE:GFI opened at $14.72 on Friday. The firm’s 50 day moving average is $14.35 and its two-hundred day moving average is $15.24. The firm has a market capitalization of $13.17 billion, a P/E ratio of 6.98, a PEG ratio of 0.43 and a beta of 1.13. Gold Fields has a 52 week low of $12.28 and a 52 week high of $18.97.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares 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 purchasing an additional 1,549,372 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Gold Fields during the third quarter valued at approximately $9,911,000. Mackenzie Financial Corp boosted its holdings in Gold Fields by 28.7% during the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after buying an additional 581,730 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock worth $94,492,000 after buying an additional 580,546 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Gold Fields by 66.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,385,210 shares of the company’s stock valued at $21,263,000 after buying an additional 551,210 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

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.