Update shared on 02 Dec 2025
Fair value Increased 1.07%The analyst price target for Gold Fields increased by $8.67 to $815.61. Analysts cited higher gold prices, updated guidance, and ongoing project momentum as key factors behind the upward revision.
Analyst Commentary
Recent street research on Gold Fields has highlighted a mix of positive and cautious outlooks among analysts, reflecting the evolving environment for gold miners and the company’s strategic initiatives. The following key points summarize the current consensus from both bullish and bearish perspectives.
Bullish Takeaways- Bullish analysts have raised price targets in response to stronger gold price estimates and a solid quarterly earnings report, indicating improved sector fundamentals.
- Coverage initiations and upgrades cite medium-term upside potential, particularly from Gold Fields’ Windfall project and continued project execution momentum.
- The company’s updated guidance and commitment to competitive capital returns programs are viewed favorably, supporting expectations for shareholder value creation.
- Global trade and geopolitical uncertainty continues to drive demand for precious metals, which benefits Gold Fields’ valuation prospects.
- Bearish analysts have noted concerns around the company’s five-year guidance, pointing to higher reinvestment levels necessary to sustain steady growth. This may pressure near-term returns.
- Several downgrades have been issued following price target increases, suggesting that valuation may now factor in much of the anticipated operational upside.
- Some analysts express caution regarding the pace of project delivery and capital allocation. They emphasize the need for disciplined execution to realize forecasted growth.
What's in the News
- Gold Fields has agreed to sell a A$1.1 billion stake in Gold Road's Northern Star Resources as part of its acquisition of an Australian gold mine (Bloomberg).
- The company reaffirmed production guidance for the full year 2025, expecting gold-equivalent production to be at the upper end of the 2.250Moz to 2.450Moz range.
- Gold Fields reported third quarter 2025 production of 621,000 ounces of gold, up from 510,000 ounces in the same period last year.
- An affiliate of Gold Fields will proceed with the second stage of a USD 48 million earn-in option for Torq's Santa Cecilia project. Most of this funding is dedicated to diamond drilling, which is scheduled to begin in early to mid-November.
- Investment bankers are reportedly preparing for a selldown of Gold Fields' $1 billion stake in Northern Star Resources. This move is expected to attract investor interest amid record gold prices.
Valuation Changes
- Consensus Analyst Price Target has increased from $806.94 to $815.61, reflecting a modest upward adjustment.
- The discount rate has risen slightly, moving from 18.92% to 18.99%.
- Revenue growth expectation has improved from 14.46% to 15.36%.
- Net profit margin is projected to decrease from 37.15% to 32.55%.
- The future P/E multiple has increased from 19.45x to 21.98x.
Disclaimer
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