Scotiabank Has Positive View of Gold Fields FY2025 Earnings

Gold Fields Limited (NYSE:GFI) – Scotiabank increased their FY2025 earnings estimates for Gold Fields in a report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $1.54 per share for the year, up from their previous 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.

A number of other analysts have also issued reports on GFI. Bank of America assumed coverage on shares of Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 target price for the company. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their price objective 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.03.

Gold Fields Stock Performance

NYSE:GFI opened at $14.72 on Monday. The stock’s fifty day moving average is $14.35 and its 200 day moving average is $15.24. Gold Fields has a fifty-two week low of $12.28 and a fifty-two week high of $18.97.

Institutional Trading of Gold Fields

A number of hedge funds have recently modified their holdings of GFI. QRG Capital Management Inc. purchased a new position in Gold Fields in the third quarter valued at $160,000. Concurrent Investment Advisors LLC grew its position in shares of Gold Fields by 8.3% during the 3rd 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 acquired a new position in Gold Fields in the 3rd quarter worth about $209,000. MQS Management LLC purchased a new position in Gold Fields during the second quarter worth approximately $225,000. Finally, Rakuten Securities Inc. grew its holdings in Gold Fields by 90.7% in the third 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 period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

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.