Scotiabank Has Positive View of Gold Fields FY2025 Earnings

Gold Fields Limited (NYSE:GFI) – Scotiabank increased their FY2025 EPS estimates for shares of Gold Fields in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will earn $1.54 per share for the year, up from their prior 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.

Other equities research analysts have also recently issued research reports about the company. Bank of America initiated coverage on Gold Fields in a research note on Monday, September 16th. They set a “buy” rating and a $16.00 target price for the company. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lowered their target price on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating for the company in a research note on Friday, December 6th. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.03.

Gold Fields Price Performance

Shares of GFI opened at $14.72 on Monday. Gold Fields has a 12-month low of $12.28 and a 12-month high of $18.97. The firm has a 50-day moving average price of $14.35 and a 200 day moving average price of $15.24.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. purchased a new position in Gold Fields in the third quarter worth approximately $160,000. Concurrent Investment Advisors LLC raised its holdings in shares of Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after purchasing an additional 850 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Gold Fields during the 3rd quarter worth $209,000. MQS Management LLC acquired a new position in shares of Gold Fields during the second quarter worth $225,000. Finally, Rakuten Securities Inc. increased 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 buying an additional 7,879 shares during the last quarter. 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.