Scotiabank Has Weak Forecast for Gold Fields FY2026 Earnings

Gold Fields Limited (NYSE:GFI) – Investment analysts at Scotiabank decreased their FY2026 earnings per share estimates for Gold Fields in a report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $1.42 per share for the year, down from their previous estimate of $1.43. 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 reports. StockNews.com lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. upped their price objective on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $17.20.

Gold Fields Stock Down 1.4 %

Shares of NYSE GFI opened at $21.56 on Friday. Gold Fields has a 12-month low of $12.98 and a 12-month high of $22.18. The firm’s 50-day simple moving average is $18.38 and its 200 day simple moving average is $16.15. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14.

Hedge Funds Weigh In On Gold Fields

Several hedge funds have recently added to or reduced their stakes in GFI. FCA Corp TX acquired a new position in shares of Gold Fields during the 4th quarter worth about $108,000. Net Worth Advisory Group bought a new position in Gold Fields during the 4th quarter worth approximately $136,000. Signaturefd LLC grew its holdings 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 period. Public Employees Retirement System of Ohio bought a new stake in Gold Fields in the fourth quarter valued at approximately $139,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Gold Fields in the fourth quarter worth $141,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a dividend of $0.3752 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields’s payout ratio is 25.53%.

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.