Scotiabank Estimates Gold Fields’ FY2027 Earnings (NYSE:GFI)

Gold Fields Limited (NYSE:GFI) – Investment analysts at Scotiabank decreased their FY2027 earnings per share estimates for shares of Gold Fields in a research report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $4.19 for the year, down from their previous forecast of $4.56. Scotiabank currently has a “Sector Perform” rating and a $52.00 target price on the stock. The consensus estimate for Gold Fields’ current full-year earnings is $4.88 per share.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Monday. Canaccord Genuity Group raised Gold Fields from a “hold” rating to a “buy” rating and upped their target price for the stock from $40.25 to $57.25 in a research report on Friday, April 24th. Royal Bank Of Canada cut their target price on Gold Fields from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings downgraded shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $47.75.

Gold Fields Price Performance

GFI stock opened at $32.30 on Monday. The stock’s 50 day simple moving average is $36.52 and its 200 day simple moving average is $44.64. Gold Fields has a fifty-two week low of $23.86 and a fifty-two week high of $61.64. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Gold Fields by 69.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after purchasing an additional 1,794,124 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Gold Fields by 39.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after purchasing an additional 1,714,442 shares in the last quarter. Man Group plc lifted its holdings in shares of Gold Fields by 63.7% in the fourth quarter. Man Group plc now owns 3,650,799 shares of the company’s stock valued at $159,394,000 after purchasing an additional 1,421,121 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Gold Fields by 211.0% during the fourth quarter. AQR Capital Management LLC now owns 1,791,823 shares of the company’s stock valued at $78,231,000 after buying an additional 1,215,647 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Gold Fields by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after buying an additional 1,180,634 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

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.