Scotiabank Forecasts Gold Fields’ FY2025 Earnings (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) – Scotiabank cut their FY2025 EPS estimates for Gold Fields in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $1.48 for the year, down from their prior forecast of $1.54. Scotiabank currently 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.

GFI has been the subject of a number of other research reports. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and an average target price of $17.20.

Gold Fields Stock Performance

Shares of GFI stock opened at $21.56 on Monday. The stock has a market capitalization of $19.30 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The company has a 50 day moving average price of $18.38 and a 200 day moving average price of $16.18. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $22.18.

Gold Fields Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 1.6%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s payout ratio is currently 25.53%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GFI. FCA Corp TX purchased a new stake in shares of Gold Fields during the 4th quarter worth approximately $108,000. Net Worth Advisory Group purchased a new stake in shares of Gold Fields during the 4th quarter worth approximately $136,000. Signaturefd LLC lifted its position in shares of Gold Fields by 19.1% during the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after buying an additional 1,656 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Gold Fields during the 4th quarter worth approximately $139,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Gold Fields during the 4th quarter worth approximately $141,000. Hedge funds and other 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.