Want to see GFI full AI Analyst Report?
Top Page
Gold Fields
(NYSE:GFI)
Select Model
Select Model
Rating:81Outperform
Price Target:
$47.00
▼(-3.83% Downside)
Action:Reiterated
Date:08/25/26
The score is driven primarily by strong financial performance (materially higher profitability and free cash flow) and a positive earnings update supporting upper-end production and significant shareholder returns. Offsetting factors are commodity/cost volatility and specific execution/sovereign risks noted on the call, while technicals show strong momentum but an overbought setup.
Positive Factors
Production growth
Higher production across key assets strengthens Gold Fields’ revenue base and improves operating leverage when fixed mine costs are spread over more ounces. Growth at Salares Norte and Granny Smith also supports portfolio momentum and provides a more durable foundation for future cash generation.
Negative Factors
Rising unit costs
Higher unit costs reduce the margin captured from each ounce and make earnings more sensitive to changes in realized gold prices. Royalties, inflation, currency movements and deeper mining are structural pressures that could constrain cash conversion and shareholder returns if they persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Production growth
Higher production across key assets strengthens Gold Fields’ revenue base and improves operating leverage when fixed mine costs are spread over more ounces. Growth at Salares Norte and Granny Smith also supports portfolio momentum and provides a more durable foundation for future cash generation.
Read all positive factors
Gold Fields (GFI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.44B
Dividend Yield5.84%
Average Volume (3M)3.42M
Price to Earnings (P/E)8.0
Beta (1Y)1.04
Revenue Growth71.19%
EPS Growth133.85%
CountryUS
Employees6,560
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)4.93
Shares Outstanding886,657,200
10 Day Avg. Volume2,872,395
30 Day Avg. Volume3,421,372
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)4.63
Price to Sales (P/S)4.45
P/FCF Ratio12.52
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$52.25Price Target Upside6.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)4.76
Revenue Forecast (FY)$11.93B
Gold Fields Business Overview & Revenue Model
Company Description
Gold Fields Limited is a prominent global gold mining enterprise, holding significant reserves and resources across diverse regions including Chile, South Africa, Ghana, West Africa, Australia, and Peru. Beyond its primary focus on gold, the compa...
How the Company Makes Money
Gold Fields makes money primarily by producing and selling gold. Revenue is generated when the company delivers gold (typically in the form of doré bars or refined bullion processed through third-party refining and marketing channels) and recogniz...
Gold Fields Earnings Call Summary
Earnings Call Date:Aug 25, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call presents a strongly positive near-term financial and operational performance: doubled free cash flow, a ~51% higher realized gold price, 12% production growth and significant returns to shareholders alongside a near-net-cash balance sheet. These substantial positives are tempered by rising unit costs (AISC +13%), portfolio-level cost inflation and specific execution/sovereign risks (Windfall permitting delays, Tarkwa lease uncertainty and localized operational disruptions). Management has clear mitigation/actions (transformation program, disciplined capital allocation, readiness to progress Windfall when permits are received) but there are non-trivial timing and cost risks on growth projects. On balance, the highlights materially outweigh the lowlights given the scale of cash generation, deleveraging and shareholder returns.Positive Updates
Strong safety performance
No fatalities and no serious injuries across the group in H1 2026, attributed to the safety improvement program (visible leadership, critical control verification and focus on lead indicators).
Negative Updates
Rising cash costs and all-in sustaining costs
Group cash costs rose ~10% and all-in sustaining costs (AISC) increased ~13% to $1,893/oz (all-in cost ~$2,125/oz). Drivers include higher royalties, mining cost inflation, stronger producing currencies, higher strip ratios and deeper mining structural costs.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong safety performance
No fatalities and no serious injuries across the group in H1 2026, attributed to the safety improvement program (visible leadership, critical control verification and focus on lead indicators).
Read all positive updates
Company Guidance
Management guided that H2 delivery is expected to keep production toward the upper end of guidance while all‑in sustaining costs are expected toward the midpoint (~$1,893/oz) and all‑in costs slightly toward the lower end (~$2,125/oz); group CapEx was revised slightly down with sustaining capital unchanged (sustaining capital cited at ~$497/oz). They highlighted strong H1 metrics that underpin the guidance: adjusted free cash flow $2.225bn (free cash flow yield ~11%), net debt $437m (net debt/EBITDA 0.06x; excluding lease liabilities net cash), sales volumes +18%, attributable production up ~12 to ~1.27Moz (Salares Norte 337koz, +173%; Granny Smith 147koz, +10%; South Deep 151koz), average realized gold price +51% to $4,678/oz, cash costs +10% and AISC +13%. Capital allocation guidance remains to fund sustaining spend (~$0.6bn in H1), growth (~$0.3bn in H1), maintain a 35% base dividend policy and pursue additional shareholder returns (interim dividend ZAR16.25/share, +132% YoY; $300m buybacks completed Mar–Jul; $500m added to the top‑up program, taking it to $1.25bn, $553m delivered to date).Gold Fields Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
78
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.24B | 8.78B | 5.20B | 4.50B | 4.29B | 4.20B |
| Gross Profit | 6.44B | 4.84B | 2.21B | 1.64B | 1.57B | 1.71B |
| EBITDA | 8.21B | 5.29B | 2.66B | 2.07B | 2.00B | 2.13B |
| Net Income | 4.41B | 3.58B | 1.25B | 703.30M | 711.00M | 789.30M |
Balance Sheet | ||||||
| Total Assets | 15.60B | 15.23B | 10.14B | 8.23B | 7.34B | 7.35B |
| Cash, Cash Equivalents and Short-Term Investments | 2.20B | 1.78B | 860.20M | 648.70M | 769.40M | 524.70M |
| Total Debt | 2.63B | 3.22B | 2.95B | 1.67B | 1.47B | 1.49B |
| Total Liabilities | 6.38B | 6.55B | 4.78B | 3.61B | 3.00B | 3.22B |
| Stockholders Equity | 8.97B | 8.43B | 5.20B | 4.48B | 4.34B | 4.13B |
Cash Flow | ||||||
| Free Cash Flow | 4.50B | 3.12B | 709.20M | 437.60M | 614.30M | 463.80M |
| Operating Cash Flow | 5.97B | 4.55B | 1.96B | 1.56B | 1.68B | 1.55B |
| Investing Cash Flow | -2.70B | -2.77B | -2.59B | -1.37B | -1.07B | -1.07B |
| Financing Cash Flow | -2.16B | -938.11M | 861.70M | -286.20M | -361.30M | -832.80M |
Gold Fields Technical Analysis
Negative
48.87
Price Trends
40.18
Positive
38.63
Positive
42.77
Negative
Market Momentum
-0.23
Positive
42.32
Neutral
15.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GFI, the sentiment is Negative. The current price of 48.87 is above the 20-day moving average (MA) of 43.75, above the 50-day MA of 40.18, and above the 200-day MA of 42.77, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 42.32 is Neutral, neither overbought nor oversold. The STOCH value of 15.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GFI.
Gold Fields Risk Analysis
Gold Fields disclosed 49 risk factors in its most recent earnings report. Gold Fields reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gold Fields Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $11.86B | 6.51 | 46.23% | 0.99% | 49.72% | 120.32% | |
81 Outperform | $36.44B | 8.00 | 51.87% | 5.84% | 71.19% | 133.85% | |
81 Outperform | $19.47B | 15.25 | 12.49% | 0.10% | 116.79% | 211.59% | |
78 Outperform | $127.81B | 15.27 | 25.02% | 0.85% | 23.61% | 42.29% | |
78 Outperform | $49.74B | 13.19 | 45.77% | 4.56% | ― | ― | |
74 Outperform | $7.30B | 27.03 | 10.25% | 0.08% | 48.40% | 42.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
GFI
Gold Fields
40.38
0.55
1.38%
CDE
Coeur Mining
19.22
0.51
2.74%
HMY
Harmony Gold Mining
18.97
1.07
5.96%
NEM
Newmont Mining
121.43
37.68
44.98%
SSRM
SSR Mining
35.68
11.12
45.30%
AU
Anglogold Ashanti PLC
99.03
32.81
49.55%
Gold Fields Corporate Events
Gold Fields Doubles Payouts as Interim Profit Surges and Governance Team Reshaped
Aug 26, 2026
Gold Fields, a major international gold mining group, operates a portfolio of eight mines in Australia, South Africa, Ghana, Chile and Peru, alongside a Canadian project, and reported 2.44Moz of annual gold-equivalent output at end-2025 with subst...
Gold Fields Flags Surge in H1 2026 Earnings and Reaffirms Full-Year Guidance
Aug 11, 2026
Gold Fields reported a strong first-half performance for the six months to 30 June 2026, flagging a 72% to 90% jump in headline earnings per share and a 71% to 89% rise in basic earnings versus the prior year, driven by higher gold-equivalent sale...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.