FY2025 EPS Estimates for Gold Fields Cut by Scotiabank

Gold Fields Limited (NYSE:GFI) – Scotiabank decreased their FY2025 earnings estimates for shares of 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 of $1.48 per share for the year, down from their prior forecast of $1.54. 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 subject of several other reports. StockNews.com lowered Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.20.

Gold Fields Trading Down 4.8 %

GFI opened at $20.58 on Monday. The stock has a 50-day moving average of $18.50 and a 200 day moving average of $16.23. Gold Fields has a 12 month low of $12.98 and a 12 month high of $22.18. The firm has a market cap of $18.42 billion, a P/E ratio of 8.76, a P/E/G ratio of 0.30 and a beta of 1.14.

Institutional Investors Weigh In On Gold Fields

Institutional investors and hedge funds have recently modified their holdings of the business. FCA Corp TX bought a new position in Gold Fields in the 4th quarter valued at $108,000. Net Worth Advisory Group bought a new stake in shares of Gold Fields during the fourth quarter worth $136,000. Signaturefd LLC boosted its stake in shares of 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 position in shares of Gold Fields in the fourth quarter worth about $139,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Gold Fields in the 4th quarter worth about $141,000. 24.81% of the stock is owned by institutional investors.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a $0.3752 dividend. This represents a dividend yield of 1.6%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, March 14th. Gold Fields’s dividend payout ratio is presently 25.96%.

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.