Scotiabank Decreases Earnings Estimates for Gold Fields

Gold Fields Limited (NYSE:GFI) – Research analysts at Scotiabank lowered their FY2025 EPS estimates for shares of Gold Fields in a report released on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $3.04 per share for the year, down from their previous forecast of $3.06. Scotiabank currently has a “Sector Perform” rating and a $61.00 target price on the stock. The consensus estimate for Gold Fields’ current full-year earnings is $1.97 per share.

A number of other brokerages also recently commented on GFI. Royal Bank Of Canada cut their price objective on Gold Fields to $45.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Investec cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, Citigroup raised their target price on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell 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 $44.00.

Gold Fields Stock Performance

Shares of NYSE:GFI opened at $49.50 on Monday. Gold Fields has a 1-year low of $17.19 and a 1-year high of $61.64. The company has a 50 day moving average price of $46.67 and a 200 day moving average price of $39.78.

Institutional Trading of Gold Fields

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

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.