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

Gold Fields Limited (NYSE:GFI) – Research analysts at Scotiabank reduced 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 expects that the company will earn $1.48 per share for the year, down from their previous forecast of $1.54. Scotiabank has a “Sector Perform” rating and a $20.00 price target on the stock. The consensus estimate for Gold Fields’ current full-year earnings is $1.97 per share.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Gold Fields has an average rating of “Hold” and a consensus price target of $17.20.

Gold Fields Price Performance

GFI stock opened at $21.56 on Monday. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The company has a fifty day moving average price of $18.38 and a 200 day moving average price of $16.18. Gold Fields has a 12 month low of $12.98 and a 12 month high of $22.18.

Hedge Funds Weigh In On Gold Fields

A number of institutional investors and hedge funds have recently made changes to their positions in GFI. Fairtree Asset Management Pty Ltd purchased a new stake in shares of Gold Fields in the 4th quarter worth about $911,000. PKO Investment Management Joint Stock Co purchased a new stake in shares of Gold Fields in the 4th quarter worth about $5,346,000. Integrated Advisors Network LLC purchased a new stake in shares of Gold Fields in the 4th quarter worth about $331,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in shares of Gold Fields in the 4th quarter worth about $570,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Gold Fields in the 4th quarter worth about $139,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.3752 per share. The ex-dividend date is Friday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. Gold Fields’s dividend payout ratio is 25.53%.

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.