Scotiabank Brokers Reduce Earnings Estimates for Gold Fields

Gold Fields Limited (NYSE:GFI) – Equities research analysts at Scotiabank reduced their FY2026 earnings estimates for Gold Fields in a research note issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will earn $1.42 per share for the year, down from their previous estimate of $1.43. Scotiabank currently 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.

Several other equities analysts have also commented on the company. StockNews.com upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. lifted their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Gold Fields presently has an average rating of “Moderate Buy” and an average price target of $17.20.

Gold Fields Stock Performance

Shares of GFI opened at $21.85 on Friday. Gold Fields has a fifty-two week low of $12.98 and a fifty-two week high of $22.18. The company has a market capitalization of $19.56 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. The stock has a fifty day moving average of $18.25 and a two-hundred day moving average of $16.09.

Hedge Funds Weigh In On Gold Fields

Hedge funds and other institutional investors have recently modified their holdings of the company. FCA Corp TX acquired a new stake in Gold Fields during the 4th quarter worth approximately $108,000. Net Worth Advisory Group purchased a new stake in Gold Fields during the fourth quarter worth approximately $136,000. Signaturefd LLC increased its position in shares of Gold Fields by 19.1% in the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock worth $136,000 after acquiring an additional 1,656 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Gold Fields in the 4th quarter valued at $139,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Gold Fields during the 4th quarter valued at $141,000. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders 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 positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a yield of 1.6%. Gold Fields’s dividend payout ratio is currently 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.