Scotiabank Analysts Boost Earnings Estimates for Gold Fields

Gold Fields Limited (NYSE:GFI) – Investment analysts at Scotiabank boosted their FY2027 earnings per share estimates for Gold Fields in a research report issued to clients and investors on Thursday, February 26th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $4.84 for the year, up from their prior forecast of $4.82. Scotiabank has a “Sector Perform” rating and a $61.00 price objective on the stock. The consensus estimate for Gold Fields’ current full-year earnings is $1.97 per share.

Several other equities analysts have also commented on the stock. Citigroup increased their price target on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. boosted their target price on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Gold Fields currently has a consensus rating of “Hold” and an average target price of $44.00.

Gold Fields Stock Up 0.6%

NYSE:GFI opened at $58.85 on Monday. Gold Fields has a 1 year low of $17.64 and a 1 year high of $61.64. The stock has a 50-day simple moving average of $51.12 and a 200-day simple moving average of $43.44.

Institutional Investors Weigh In On Gold Fields

Several hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new stake in Gold Fields during the second quarter worth $26,000. Country Trust Bank purchased a new stake in shares of Gold Fields in the 2nd quarter worth about $26,000. CIBC Private Wealth Group LLC grew its stake in Gold Fields by 47.1% in the 3rd 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 during the last quarter. Archer Investment Corp purchased a new position in Gold Fields during the 3rd quarter valued at about $42,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Gold Fields during the 3rd quarter valued at about $45,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Company Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.