FY2024 EPS Estimates for Gold Fields Lifted by Scotiabank

Gold Fields Limited (NYSE:GFI) – Research analysts at Scotiabank raised their FY2024 earnings estimates for shares of Gold Fields in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $1.12 per share for the year, up from their prior estimate of $1.06. The consensus estimate for Gold Fields’ current full-year earnings is $1.11 per share.

Several other brokerages also recently commented on GFI. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their target price on Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Bank of America initiated coverage on shares of Gold Fields in a research report on Monday, September 16th. They issued a “buy” rating and a $16.00 price target for the company. Finally, StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.03.

Gold Fields Price Performance

NYSE GFI opened at $14.38 on Friday. The firm has a market capitalization of $12.87 billion, a PE ratio of 6.82, a P/E/G ratio of 0.43 and a beta of 1.13. Gold Fields has a 12 month low of $12.19 and a 12 month high of $18.97. The company’s 50 day simple moving average is $14.38 and its 200 day simple moving average is $15.24.

Institutional Investors Weigh In On Gold Fields

Several large investors have recently made changes to their positions in the company. Candriam S.C.A. acquired a new stake in Gold Fields in the second quarter valued at approximately $189,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Gold Fields by 8.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 119,470 shares of the company’s stock valued at $1,818,000 after purchasing an additional 9,470 shares during the last quarter. Capital Wealth Planning LLC bought a new stake in Gold Fields in the second quarter worth $2,390,000. Sierra Summit Advisors LLC increased its position in Gold Fields by 8.6% during the second quarter. Sierra Summit Advisors LLC now owns 23,380 shares of the company’s stock worth $348,000 after buying an additional 1,857 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Gold Fields by 13.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock valued at $318,000 after buying an additional 2,480 shares in the last quarter. Institutional investors 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.