FY2024 EPS Estimates for Gold Fields Raised by Analyst

Gold Fields Limited (NYSE:GFI) – Equities research analysts at Scotiabank increased their FY2024 EPS estimates for shares of Gold Fields in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $1.12 per share for the year, up from their previous estimate of $1.06. The consensus estimate for Gold Fields’ current full-year earnings is $1.11 per share.

GFI has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $18.00 to $17.10 and set a “neutral” rating on the stock in a research report on Friday, December 6th. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Bank of America began coverage on Gold Fields in a research report on Monday, September 16th. They set a “buy” rating and a $16.00 target price on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.03.

Gold Fields Price Performance

Shares of NYSE GFI opened at $14.38 on Friday. The company has a 50-day simple moving average of $14.38 and a 200-day simple moving average of $15.24. The company has a market cap of $12.87 billion, a PE ratio of 6.82, a price-to-earnings-growth 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.

Institutional Investors Weigh In On Gold Fields

A number of institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. acquired a new position in shares of Gold Fields in the 3rd quarter valued at about $160,000. Concurrent Investment Advisors LLC raised its holdings in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after buying an additional 850 shares during the period. Candriam S.C.A. acquired a new position in Gold Fields during the second quarter valued at approximately $189,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Gold Fields during the third quarter worth approximately $209,000. Finally, MQS Management LLC acquired a new stake in shares of Gold Fields in the second quarter worth $225,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

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.