Update shared on23 Aug 2025
Fair value Increased 9.32%Analysts have raised Gold Fields’ price target to ZAR493.30, citing higher gold prices, continued operational momentum, and production levels in line with guidance, which outweigh modest cost increases despite maintaining a Market Perform rating.
Analyst Commentary
- Higher gold prices leading to increased valuation multiples.
- Operational momentum expected to persist into the second half.
- Production levels tracking in-line with 2025 guidance.
- Slightly higher costs noted but not sufficient to offset positive drivers.
- Overall market rating maintained at Market Perform despite price target increase.
What's in the News
- Gold Fields declared an interim dividend of 700 SA cents per ordinary share for the six months ended June 30, 2025.
- Gold production rose to 585,000 oz in Q2 2025 from 454,000 oz a year ago; six-month production reached 1,136,000 oz, up from 918,000 oz.
- Basic EPS for H1 2025 is expected at USD 1.09–1.21 per share, a 153%–181% increase versus H1 2024, driven by higher gold volumes sold and higher prices, partially offset by increased costs.
- All-in costs for Q2 2025 expected at USD 2,054/oz, up from USD 1,861/oz in Q1 2025.
- Gold Fields reaffirmed FY2025 production guidance, with attributable gold equivalent production projected at 2.25Moz–2.45Moz.
Valuation Changes
Summary of Valuation Changes for Gold Fields
- The Consensus Analyst Price Target has risen from ZAR454.77 to ZAR493.30.
- The Future P/E for Gold Fields has significantly risen from 11.53x to 256.08x.
- The Net Profit Margin for Gold Fields has significantly fallen from 39.55% to 34.44%.
Disclaimer
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