Scotiabank Analysts Boost Earnings Estimates for Gold Fields

Gold Fields Limited (NYSE:GFI) – Stock analysts at Scotiabank boosted their FY2027 EPS estimates for shares of Gold Fields in a research report issued on Thursday, February 26th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $4.84 per share for the year, up from their previous estimate of $4.82. Scotiabank currently 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.

GFI has been the topic of several other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Zacks Research raised Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Morgan Stanley downgraded shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Finally, Citigroup boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.00.

Gold Fields Price Performance

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 firm has a fifty day simple moving average of $51.12 and a 200 day simple moving average of $43.44.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans acquired a new stake in Gold Fields in the 3rd quarter valued at approximately $4,314,000. Summit Global Investments boosted its holdings in Gold Fields by 91.9% during the 3rd quarter. Summit Global Investments now owns 46,205 shares of the company’s stock valued at $1,939,000 after acquiring an additional 22,133 shares during the period. AdvisorShares Investments LLC acquired a new position in shares of Gold Fields in the third quarter valued at approximately $1,889,000. DJE Kapital AG grew its stake in shares of Gold Fields by 19.7% in the second quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after acquiring an additional 742,174 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of Gold Fields by 1,180.0% in the third quarter. Cibc World Market Inc. now owns 159,101 shares of the company’s stock valued at $6,676,000 after acquiring an additional 146,671 shares in the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

About Gold Fields

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.