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

Gold Fields Limited (NYSE:GFI) – Research analysts at Scotiabank lifted their FY2025 earnings estimates for shares of Gold Fields in a research note issued to investors on Friday, November 28th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $3.06 for the year, up from their prior forecast of $3.04. Scotiabank has a “Sector Perform” rating and a $47.00 price target on the stock. The consensus estimate for Gold Fields’ current full-year earnings is $1.97 per share.

Several other research analysts also recently commented on GFI. HSBC restated a “hold” rating on shares of Gold Fields in a report on Thursday, October 9th. JPMorgan Chase & Co. began coverage on Gold Fields in a research note on Thursday, October 23rd. They set an “overweight” rating and a $62.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Gold Fields from $24.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.88.

Gold Fields Stock Down 0.8%

Shares of NYSE:GFI opened at $42.89 on Monday. The firm’s 50 day simple moving average is $40.84 and its 200-day simple moving average is $32.24. Gold Fields has a one year low of $12.98 and a one year high of $47.18.

Institutional Trading of Gold Fields

Several hedge funds have recently modified their holdings of GFI. Penserra Capital Management LLC bought a new stake in shares of Gold Fields in the 2nd quarter valued at about $26,000. Country Trust Bank purchased a new stake in Gold Fields during the second quarter valued at approximately $26,000. CIBC Private Wealth Group LLC boosted its stake in Gold Fields by 47.1% in the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares in the last quarter. IFP Advisors Inc boosted its stake in Gold Fields by 672.1% in the second quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $37,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in Gold Fields in the third quarter worth $42,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

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.