FY2024 EPS Estimates for Gold Fields Raised by Scotiabank

Gold Fields Limited (NYSE:GFI) – Analysts at Scotiabank lifted their FY2024 EPS estimates for shares of Gold Fields in a report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $1.12 per share for the year, up from their previous 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 several other research reports. Bank of America started coverage on shares of Gold Fields in a report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating for the company in a report on Friday, December 6th. StockNews.com lowered 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 report on Friday, October 18th. 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, the company has a consensus rating of “Hold” and an average price target of $16.03.

Gold Fields Trading Up 2.4 %

GFI opened at $14.72 on Friday. The firm has a fifty day moving average price of $14.35 and a 200 day moving average price of $15.24. Gold Fields has a 1 year low of $12.28 and a 1 year high of $18.97.

Hedge Funds Weigh In On Gold Fields

Institutional investors have recently modified their holdings of the business. Candriam S.C.A. purchased a new stake in shares of Gold Fields during the 2nd quarter worth $189,000. DekaBank Deutsche Girozentrale boosted its position in shares of Gold Fields by 8.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 119,470 shares of the company’s stock worth $1,818,000 after purchasing an additional 9,470 shares in the last quarter. Capital Wealth Planning LLC purchased a new stake in shares of Gold Fields during the 2nd quarter worth $2,390,000. Sierra Summit Advisors LLC boosted its position in shares of Gold Fields by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock worth $348,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Gold Fields by 13.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock worth $318,000 after purchasing an additional 2,480 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

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.