Scotiabank Analysts Lower Earnings Estimates for Gold Fields

Gold Fields Limited (NYSE:GFI) – Equities research analysts at Scotiabank cut their FY2025 earnings per share estimates for Gold Fields in a research note issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $1.48 for the year, down from their previous forecast of $1.54. Scotiabank has a “Sector Perform” rating and a $20.00 price objective on the stock. The consensus estimate for Gold Fields’ current full-year earnings is $1.97 per share.

A number of other brokerages have also recently issued reports on GFI. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. upped their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.20.

Gold Fields Stock Performance

Shares of NYSE GFI opened at $20.67 on Monday. The business’s 50-day simple moving average is $18.61 and its 200-day simple moving average is $16.28. Gold Fields has a 52 week low of $12.98 and a 52 week high of $22.18. The firm has a market cap of $18.50 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

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

Institutional Investors Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Gold Fields in the 3rd quarter valued at $209,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Gold Fields by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after buying an additional 580,546 shares during the period. Cerity Partners LLC grew its position in Gold Fields by 131.0% during the third quarter. Cerity Partners LLC now owns 31,152 shares of the company’s stock worth $478,000 after buying an additional 17,664 shares in the last quarter. Bank of Montreal Can increased its stake in Gold Fields by 36.9% during the third quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock valued at $4,280,000 after acquiring an additional 71,094 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Gold Fields in the 3rd quarter valued at approximately $9,911,000. Institutional investors and hedge funds 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.