Gold Fields Framtida tillväxt
Future kriterier kontrolleras 3/6
Gold Fields förväntas öka intäkter och intäkter med 6.6% respektive 12.4% per år. EPS förväntas tillväxt med 7.6% per år. Avkastningen på eget kapital förväntas bli 28% om 3 år.
Viktig information
6.6%
Tillväxttakt i vinsten
7.56%
Tillväxttakt för EPS
| Metals and Mining vinsttillväxt | 14.2% |
| Intäkternas tillväxttakt | 12.4% |
| Framtida avkastning på eget kapital | 28.03% |
| Bevakning av analytiker | Good |
| Senast uppdaterad | 06 May 2026 |
Senaste uppdateringarna om framtida tillväxt
Recent updates
Seeking Alpha • Apr 21
Salares Norte Changed The Story For Gold Fields
Summary I am rating Gold Fields a Strong Buy rating as it transitions from a multi-year build story to robust cash generation, notably driven by Salares Norte. GFI delivered an 18% production increase in 2025 and $2.97Bn in adjusted FCF and has implemented a shareholder-friendly dividend policy targeting 35% of FCF. Salares Norte reached steady-state operations, producing 397 Koz in 2025 with $808Mn FCF, positioning GFI for a potential equity rerating. GFI trades at a discount to sector medians despite improved portfolio quality, record FCFs, and enhanced asset control, with key risks centered on sustaining Salares Norte's performance. Read the full article on Seeking AlphaSeeking Alpha • Mar 30
Gold Fields: No Longer A Spectator In The Gold Rush
Summary Gold Fields is a geographically diversified gold producer with operations in South Africa, Australia, Chile, Peru, Ghana, and Canada. Despite a challenging first half of 2024, GFI improved in H2, with production up 26% and costs down 12%. Management's guidance suggests a 13.45% production increase in 2025 at a 3.31% lower All-In-Sustaining-Cost, supporting a conditional "Buy" rating. Read the full article on Seeking AlphaSeeking Alpha • Jan 18
Gold Fields: A Tough 2024 On Back Of Salares Norte Setback
Summary Gold Fields reported a 6% decline in Q3-24 production, largely because of lower output from Salares Norte, setting it up for a significant miss vs. its initial guidance midpoint. This contributed to a significant increase in all-in sustaining costs & limited margin expansion relative to peers, with costs set to come in well above the industry average in 2025. On a positive note, Gold Fields is the proud owner of one of the best undeveloped gold projects globally (Windfall) and now has two assets set to transform its portfolio. In this update, we'll dig into the Q3-24 results, recent developments and whether the stock is offering enough of a margin of safety after its recent pullback. Read the full article on Seeking AlphaSeeking Alpha • Nov 07
Gold Fields: Gold Production And Prices Expected To Improve - Near-Term Chance For A Dip
Summary Hold your position in Gold Fields: The gold price outlook is promising and the company's production and costs will improve. Operational setbacks in H1 2024 impacted production and costs, but improvements are expected in H2 2024, including a new project in Chile. GFI's balance sheet remains robust despite lower-than-expected first-half results, as evidenced by favourable solvency ratios. Take advantage of price dips to increase holdings, as GFI is well-positioned for growth with rising gold prices and operational improvements. In the longer term, the company aims for another low-cost mid-tier production in Canada. Read the full article on Seeking AlphaSeeking Alpha • Aug 23
Gold Fields' Half-Year Earnings: Not As Bad As Some Might Have Feared
Summary Gold Fields Limited reported disheartening first-half results on Friday, leading to a near 10% drop in stock price. Production decreased, costs increased, and guidance was downgraded for the full year. However, most of the company's production headwinds were non-core events, such as weather disruptions and fatalities. Despite its operational challenges, the normalization of operations, rising gold prices, and a lucrative dividend policy may present a buying opportunity. We think an equal-weight position in GFI stock can probably be justified. Read the full article on Seeking AlphaSeeking Alpha • Jun 17
Gold Fields: Assessing Its Production Guidance Shift
Summary Gold Fields Limited has lowered its production guidance due to an isolated incident at its Salares Norte mine in Chile. Although a material event, we think investors overreacted to Gold Fields' production downgrade. We believe numerous positives exist within Gold Fields' operating framework, namely a lower cost base in Ghana, ongoing quality at the South Deep mine, and no structural concerns in Australia. However, we remain concerned about GFI stock's valuation and, therefore, maintain our hold rating. Read the full article on Seeking AlphaSeeking Alpha • Jun 05
Gold Fields: A Rough Start To 2024
Summary Gold Fields had a rough start to 2024, with production hovering at ~19% of its guidance midpoint. Unfortunately, this led to a significant spike in all-in sustaining costs, with Gold Fields being one of the few producers to see margin compression in Q1 2024. We'll dig into the Q1 results, recent developments, and how the stock's valuation stacks up vs. peers after its recent underperformance. Read the full article on Seeking AlphaSeeking Alpha • Apr 09
Gold Fields: Shares Surge Amid Record-High Gold Prices, Still A Value
Summary Gold mining companies have participated in the rally, with the VanEck Vectors Gold Miners ETF outperforming the spot gold ETF. Gold Fields Limited is a gold producer with reserves in multiple countries. Its earnings and valuation forecasts suggest it is undervalued despite a recent guidance cut. GFI's technical situation is mixed, with the stock at key resistance levels, but strong momentum could lead to a breakout. I point out key price levels to watch in the months ahead. Read the full article on Seeking AlphaSeeking Alpha • Mar 18
Gold Fields: Nearing The Finish Line At Salares Norte
Summary Gold Fields reported higher costs year-over-year despite the benefit of currency tailwinds given the negative impact of a tight labor market, but beat its cost guidance midpoint. Unfortunately, this was overshadowed by higher capex at Salares Norte and a later than planned start as well as a disappointing year from a safety standpoint. In this update, we'll dig into Gold Fields' Q4 and FY2023 results, recent developments, and why the stock is becoming a more attractive buy-the-dip candidate. Read the full article on Seeking AlphaSeeking Alpha • Jan 05
Gold Fields Poised To Grow Its 3% Dividend With Expansion And Optimization
Summary Gold prices should benefit from economic instability, persistent inflation, deficit spending, high debt, and a global move away from the dollar. Production is concentrated in geopolitically stable areas like Australia and the Americas, with limited geopolitical risk compared to competitors. The Salares Norte project will open in April 2024 and add 600k ounces by 2025 at only $700/oz in all-in sustaining costs. Low-cost greenfield expansion and disposal of older mines should drive down company-wide all-in-sustaining costs. Read the full article on Seeking AlphaSeeking Alpha • Dec 01
Gold Fields: A Tough Q3 With Labor Issues Persisting
Summary Gold Fields' Q3 production declined by 9% due to lower output from all geographies and all of its managed mines. Meanwhile, costs soared year-over-year to $1,381/oz, with AISC margins lower despite the benefit of a higher average realized gold price. In this update we'll dig into the Q3 results, the stock's valuation after its recent ~45% rally, and whether the stock is worthy of investment at current levels. Read the full article on Seeking AlphaSeeking Alpha • Nov 08
Gold Fields: Earnings Upside Expected, Shares May Test The High Teens Soon
Summary Gold miners have outperformed physical gold in the past year, suggesting a potential bull market for gold and gold miners could be in store. Gold Fields Limited (GFI) is a recommended buy, with upcoming production data and a decent value and EPS growth trajectory. GFI has mixed valuation metrics but is cheap considering its growth potential, and its technical chart shows potential for gains. I outline key price levels to watch ahead of production data due out next week. Read the full article on Seeking AlphaSeeking Alpha • Oct 01
Gold Fields: Solid Gold Miner, Excellent Balance Sheet, And A Great Price
Summary Gold Fields is a major gold miner with operations across six countries. It has nine operational mines and two projects in its pipeline. The company carries a solid balance sheet, its profitability is above average, and it pays dividends with adequate yield. Estimating GFI`s NAV with the spot price of $1500/oz, the current share price offers a considerable margin of safety at 46%. The sole disadvantage is the company`s operations in six countries on four continents. It reduces single-country risk at the cost of increased operational complexity. Given all the facts, I give GFI a buy rating. Read the full article on Seeking AlphaSeeking Alpha • Sep 03
Gold Fields: Inflationary Pressures Weigh On Margins
Summary Gold Fields reported H1 gold production that was down 4% year-over-year, while AISC increased 6% to $1,215/oz, impacted by shortages of skilled labor and persistent inflation. Meanwhile, unfavorable ground conditions at South Deep impacted its H1 results with guidance reeled in slightly, and the ~380,000 ounce steady-state goal has been pushed to H2-2025. Fortunately, the company has two world-class assets in the wings with Salares Norte nearing completion (95%) and Windfall (50%) likely less than 12 months from permits being granted. In this update, we'll look at the recent Q2 results and whether the stock is offering enough of a margin of safety after its ~30% correction. Read the full article on Seeking AlphaSeeking Alpha • Aug 24
Gold Fields: The Salares Norte On Track For First Gold In Q4 2023
Summary Gold Fields Limited released its H1 2023 financial results, with lower gold production but increased revenues compared to H1 2022. The company's net debt has increased after it acquired a 50% stake in the Windfall project in Canada from Osisko Mining. The Salares Norte project will begin gold production in 4Q23. I recommend buying GFI between $11.50 and $10.75 with possible lower support at $10.25. Read the full article on Seeking AlphaSeeking Alpha • Jun 19
Gold Fields: Unsuccessful Reserve Replacement In 2022
Summary Gold Fields reported a slight decline in mineral reserves in 2022, with exclusive mineral resources also declining on a year-over-year basis. Fortunately, its key assets continue to have long mine lives like Tarkwa, Salares Norte, Cerro Corona, SD, Granny Smith, and St. Ives, and we should see some growth with Windfall (50%). That said, while GFI has a large reserve base with one of the higher mineral reserve grades among its peers, I continue to see better value elsewhere in the sector. Read the full article on Seeking AlphaSeeking Alpha • Feb 23
Gold Fields reports mixed FY earnings; issues FY23 and long-term outlook
Gold Fields press release (NYSE:GFI): FY Non-GAAP EPS of $1.19 beats by $0.21. Revenue of $1.78B (-0.6% Y/Y) misses by $2.26B. Attributable gold equivalent production for 2022 was 2,399koz, a 3% increase Y/Y (FY2021: 2,340koz), exceeding the guidance range of 2,310koz – 2,360koz. The Group all-in sustaining and all-in cost were below the guidance provided in February 2022. All-in sustaining costs (AISC) for the year were $1,105/oz (FY2021: $1,063/oz), lower than the guidance range of between US$1,140/oz and US$1,180/oz, mainly due to weaker exchange rates. AISC, if adjusted to 2022 guidance exchange rates (R/ $15.55 and $/A$0.76) was $1,160/oz, which is well within the guidance range. For 2023, attributable gold equivalent production (excluding Asanko) is expected to be between 2.25Moz – 2.30Moz (2022 comparable was 2.32Moz). AISC is expected to be between US$1,300/oz – US$1,340/oz, with AIC expected to be US$1,480/oz – US$1,520/oz. Studies on a microgrid at St Ives are ongoing. Should these studies be finalised and the project approved during the year, we estimate US$25/oz will be added to both the AISC and AIC guidance ranges. In this case, the ranges for AISC will be US$1,325/oz – US$1,365/oz and AIC will be US$1,505/oz – US$1,545/oz, respectively. Total capex for the Group for the year is expected to be between US$1.110bn – US$1.170bn. Sustaining capital is expected to be between US$820m – US$850m. Non-sustaining capex expected to be between US$290m and US$320m, with the largest component of this being the Salares Norte project capital of US$230m. "Taking into account the expected changes in production from the different assets (growth from Salares Norte and South Deep; declines at Damang and Cerro Corona) in the portfolio described above, we expect production for the next three years (excluding Asanko) to be: 2023: 2,250koz – 2,300koz 2024: 2,720koz – 2,770koz 2025: 2,790koz – 2,820koz."Seeking Alpha • Jan 20
Gold Fields On Track To Deliver Into FY2022 Guidance
Summary Gold Fields has had a busy year from a news standpoint, offering to acquire Yamana, a decision made to terminate the offer when competition arrived, and a CEO departure. However, while it's been noisy from a news-flow standpoint, the company has continued to execute solidly from an operational standpoint, on track to meet FY2022 guidance of 2.30+ million ounces. Unfortunately, inflationary pressures have hit costs and the company should see a significant step up in unit costs vs. FY2021 levels in FY2022/FY2023, but Salares Norte will help in 2024. Overall, I see the failure of the Yamana bid as a negative (outside of the break fee bonus) given that Gold Fields' investment thesis would have seen a major upgrade with lower-cost assets, but still see Gold Fields as a solid buy-the-dip candidate. Just over 11 months ago, I wrote on Gold Fields (GFI), noting that while the stock had come off a solid year in FY2021, there was no margin of safety at US$13.20 per share, suggesting there was no way to justify paying up for the stock. While the stock briefly raced higher with momentum traders chasing its multi-year breakout, it was a 45% drawdown from its highs at US$13.20, underperforming the Gold Miners Index (GDX) into its September low. This was related to mixed feelings about the offer to acquire Yamana Gold (AUY), combined with worse-than-expected inflationary pressures and downside pressure on the gold price. While the lost bid for Yamana was a negative development, given that the combination would have created a stronger company with an industry-leading development pipeline and higher margins, the company made the right move by not coming over the top of the competing offer. The consolation for its efforts in acquiring Yamana was that it pocketed a $300 million break fee in the process, a nice payout that equates to $0.34 per share. Meanwhile, although Gold Fields may not get a hold of Yamana's two most prized assets (50% of Malartic and Jacobina), it has its own high-margin project that's nearing completion, with Salares Norte set to begin production by June of this year. Let's take a closer look at the company after what's been a busy year: Gold Fields Operations (Company Presentation) Q3 Results Gold Fields released its Q3 results in November, reporting quarterly production of ~597,000 ounces at all-in-sustaining costs [AISC] of $1,061/oz. This translated to a 1% decline in production on a year-over-year basis and a 4% increase in unit costs, impacted by inflationary pressures that have hit the whole sector. Fortunately, the higher costs have been partially offset by the weaker Australian Dollar and softness in the South African (South Deep). Hence, the company is confident that it will deliver on its guidance of $1,140/oz - $1,180/oz AISC this year, even if inflationary pressures have been stickier than many predicted at the onset of 2022 and a tight labor market in prolific regions like Australia hasn't helped. Gold Fields - Q3 Gold-Equivalent Ounce Production (Company Filings, Author's Chart) Digging into its operations, the company had another strong quarter at South Deeps (~84,800 ounces), which followed a robust H1 2022, where free cash flow nearly tripled year-over-year to $74 million (H1 2021: $28 million). Meanwhile, Gruyere also had a much better quarter vs. Q3 2021 due to higher grades and throughput (1.09 million tonnes at 1.2 grams per tonne of gold), and Agnew also put together a strong quarter in Q3 (~58,100 ounces). However, this was offset by lower production at Granny Smith and Tarkwa, which were up against difficult comps in the prior-year period, and Cerro Corona also had a softer quarter due to lower grades and throughput. Agnew Operations (Company Presentation) Based on year-to-date production of ~1.79 million ounces of gold, Gold Fields is well on track to meet its guidance of 2.30+ million ounces for 2022. Meanwhile, the company should be able to continue to improve its balance sheet (net debt: $997 million as of Q3), given the $300 million break fee from the terminated Yamana transaction, the recent strength in the gold price, and the fact that capital expenditures should begin to wind down as of Q2 at Salares Norte ($253 million spent year-to-date). So, while it has been a noisy year with regular news regarding the Yamana transaction and the departure of its previous CEO, Chris Griffith, the core business continues to perform well, with costs expected to come in below the FY2022 industry average ($1,170/oz vs. $1,270/oz+). Recent Developments & Forward Outlook Moving over to recent developments, the most significant development was the company's choice to terminate the Yamana transaction after a counteroffer was launched by Agnico Eagle (AEM) and Pan American Silver (PAAS). As noted previously, I see the failure to acquire Yamana as a negative, given that this would have been transformational for Gold Fields. Still, I believe the company made the right move to not come over the top, given that it's not desperate. While Yamana made sense at the initial price offered ($6.70 billion), it would be very difficult to get shareholders' approval at an even higher price when this already appeared to be a bit of a sticking point. Salares Norte Construction (Company Presentation) The good news is that while Gold Fields may not benefit from combining with Yamana, the company had the foresight to launch a takeover offer for a company whose assets were clearly in very high demand, giving it a nice consolation prize when Agnico/Pan American came over the top with a significant break fee. In addition, although Gold Fields's Salares Norte Project may not be as attractive as the 1.0+ million ounces that it would have added at sub $1,025/oz AISC with the Yamana portfolio plus the 1.0+ million gold-equivalent ounces [GEOs] in the pipeline (Wasamac + MARA + Jacobina Expansion), this is still an incredible project (construction was 82% complete as of Q3). Salares Norte Production & Costs - 2019 FS (Company Presentation) As the chart above shows, Salares Norte is expected to produce over 450,000 GEOs in its first seven years on average, and while all-in-sustaining costs will be higher due to inflationary pressures, they're still likely to come in below $650/oz, which would place them approximately 50% below the industry average. This should result in a meaningful decline in Gold Fields' consolidated costs, with nearly 17% of annual production coming in at costs $400/oz below its current average. The only negative news is that Salares Norte appears to be up to three months behind schedule, suggesting we could see only ~100,000 GEOs this year vs. a previous outlook of closer to 200,000 GEOs. Hence, the margin inflection point will be 2024 and thereafter, not 2023, once the asset moves into commercial production. Let's take a look at Gold Fields' valuation: Valuation & Technical Picture Based on ~891 million shares and a share price of US$12.10, Gold Fields trades at a market cap of ~$10.8 billion and an enterprise value of ~$11.6 billion. This figure may be well below its peak valuation of ~$15.0 billion in Q1 2022, but it is still not what I consider cheap. In fact, as I noted at the time in my February 2022 update, there was absolutely no reason for the stock to be trading above $13.20, let alone $17.20, where it peaked. So, while some investors may believe that Gold Fields's stock is on sale, with it trading 27% below its 2022 highs, I don't see anywhere near enough margin of safety to justify going long here, and I would be shocked if the stock returned to these highs given that it was significantly overvalued at these levels. Gold Fields - Historical Cash Flow Multiple (FASTGraphs.com) Looking at the above chart, we can see that Gold Fields has traded at an average cash flow multiple of ~5.6 since the 2018 cyclical bear market low in the sector and just over 6.0x cash flow recently. Using what I believe to be a fair multiple of 6.5x cash flow with the addition of Salares Norte and FY2023 cash flow per share estimates of US$2.07, I see a fair value for Gold Fields of US$13.45. Meanwhile, on a P/NAV basis, I believe a fair multiple for the stock is 1.20x P/NAV, and the stock is already trading near these levels, currently at a share price of US$12.10. In summary, I see minimal upside from a P/NAV standpoint and just a 12% upside from a cash flow standpoint, suggesting there's limited margin of safety at current levels.Seeking Alpha • Sep 20
Gold Fields: Inflationary Pressures Hurt Free Cash Flow
Summary Gold Fields Limited announced revenues of $2,235.3 million for H1 2022, up 12.7% from H1 2021. Net income was $509.7 million or $0.56 per diluted share. The attributable gold equivalent produced in the second quarter of 2021 was 620.7K Au Oz. Production for H1 2022 was 1,200.7K Au Oz. I recommend buying GFI at or below $7.5 with potential lower support at $7. Part I - Introduction In 2021, Johannesburg-based Gold Fields Ltd. (GFI) released the H1 2022 financial year results on August 25, 2022. Note: This article is an update of my article published on June 2, 2022. I have followed GFI on Seeking Alpha since April 2021. Below is a quick snapshot of the company's producing assets worldwide. GFI H1 2022 Assets map Presentation (GFI Presentation) The South African gold miner had a better-than-expected production quarter of 621K Au Oz or 1,201K Au Oz for H1 2022. Revenues for H1 2022 were $2,235.3 million up 12.7% compared to H1 2021. Revenues for H1 2022 were $2,235.3 million significantly up from 1,983.6 million in H1 2021. 1 - Yamana Gold Acquisition scheduled for mid-November Gold Fields updated its pending acquisition of Yamana Gold Inc. (AUY). GFI expects to complete the purchase by mid-November (subject to shareholders' approval). GFI has significantly underperformed AUY since the deal was announced. GFI Comparison chart between AUY, GFI, and GDX (Ycharts) The deal is valued at $6.7 billion and will create a top-four global gold major. I recommend reading my article on this subject by clicking here. I was not favorable of such a deal, and I wrote: The problem is that this "good deal" has been sanctioned by a damaging selloff for GFI. It is a piece of news that shareholders generally fear the most. No matter how good the deal can be, the market reaction to a significant acquisition is always the same. A complete surprise that wipes out all the gains in a few hours. In short, investors shot first and asked questions later. GFI: why acquire AUY? (GFI Presentation) 2 - The investment thesis Gold Fields is an excellent choice for a long-term investment that I recommend in the gold sector. The stock price has dropped significantly over the past five months, and I see it as an opportunity. The company is globally diversified (Africa, Australia, and South America) and presents a good growth potential with its Salares Norte project, completed at 77% as of June 30, 2021. Furthermore, GFI is about to get bigger with the acquisition of Yamana Gold. However, Gold Fields Ltd is highly correlated to the gold price even if the company produces a little copper. The outlook for gold has weakened significantly since the FED decided to fight aggressively concerning inflation. The FED is expected to hike interest rates by 75-point at the end of this week or even more, and we may experience further weakness in the gold sector with the US dollar going stronger. Thus, it is even more imperative to trade short-term volatility, and I recommend using about 40-50% of your position to take advantage of the short-term ups and downs. I recommend trading LIFO while keeping a core long-term position for a much higher level and enjoying a significant dividend yield of 4.50% while waiting. 3 - Stock performance GFI has dropped significantly since April and is down 8% on a one-year basis. However, the stock performed better than most of its peers and the VanEck Vectors Gold Miners ETF (GDX). GFI 1-Year Chart comparison (Ycharts) Part II - Gold Fields - Balance sheet and Production history H1 2022: The raw numbers (ADR ratio 1:1) Note: As most are South African gold and PGM miners, results are posted every six months. However, production is indicated per quarter and six months which can create confusion. Gold Fields H2 2020 H1 2021 H2 2021 H1 2022 Total Revenues in $ Million (6 months) 2,137.8 1983.6 2211.6 2,235.3 Net income in $ Million (6 months) 567.5 387.4 401.9 509.7 EBITDA $ Million (6 months) 1,355.4 973.2 1077.3 1,223.1 EPS diluted in $/share (6 months) 0.63 0.43 0.45 0.56 Cash from operating activities in $ Million (6 months) 562.8 688.6 541.6 871.0 Capital Expenditure in $ Million (6 months) 352.1 469.3 590.7 519.8 Free Cash Flow in $ Million (6 months) 210.7 219.3 -49.1 351.2 Total cash $ Million (6 months) 886.8 703.5 524.7 724.1 LT Debt (incl. current) in $ Million (6 months) 1,443.4 1,366.6 1,078.1 1,175.3 Share outstanding diluted in millions 905.83 895.35 887.72 894.67 Dividend $/ share 0.2134 0.1477 0.1720 0.1782 Source: Company booklet and Fun Trading Gold Fields: Balance sheet details 1 - Revenues were $2,235.3 million in H1 2022 GFI 6 months Revenues history (Fun Trading) GFI announced revenues of $2,235.3 million for H1 2022, up 12.7% from H1 2021. Net income was $509.7 million or $0.56 per diluted share, up from $387.4 million or $0.44 in H1 2021. Higher production and gold prices were sufficient to offset the impact of rising costs. The cost of sales before A&D was $923 million in the six months ended June 30, 2022, primarily due to inflationary increases across all regions, partially counterbalanced by the Australian Dollar and South African Rand decline. 2 - Free Cash Flow was $319.9 million in H1 2022 GFI 6 months Free cash flow history (Fun Trading) Note: Generic Free cash flow is the cash from operation minus CapEx. The company has a different way of calculating the Free cash flow. The company indicates an adjusted Free cash flow of $293 million. Trailing 12-month generic free cash flow is $732.1 million, with $351.2 million in H1 2022. The company said in the press release: In line with our dividend policy of paying out between 25% and 35% of normalised profit as dividends, we have declared an interim dividend at the upper end of the payout ratio of 300 SA cents per share, which compared with the 2021 interim dividend of 210 SA cents per share. This represents a 43% increase YoY The interim dividend for H1 2022 is ~$0.1782 per ADR or a yield of 4.50%. 3 - Net Debt is improving. Net debt was $451.2 million at the end of June 2022 (or $851 million, including lease liabilities) GFI 6 months Cash versus debt history (Fun Trading) The net debt is now $451.2 million, with a net debt to adjusted EBITDA ratio of 0.33x. The net debt, including lease liabilities, is $851 million. GFI Balance Sheet presentation (GFI Presentation) 4 - H1 2022 gold equivalent production details 4.1 - Below is the details comparing H1 2022 to H1 2021 AISC went up in 2022 from $1,093 per ounce to $1,148 in H1 2022. However, attributable gold production was 1,200.7K Oz in H1 2022, against 1,104.2K Oz in H1 2021.Seeking Alpha • Sep 14
Gold Fields goes ex-dividend tomorrow
Gold Fields (NYSE:GFI) had declared $0.143/share dividend. Payable Sept. 29; for shareholders of record Sept. 16; ex-div Sept. 15. See GFI Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Aug 25
Gold Fields reports Q2 results
Gold Fields press release (NYSE:GFI): Q2 Revenue of $1.82B (flat Y/Y). Guidance 2022: For 2022, attributable gold equivalent production (excluding Asanko) is expected to be between 2.25Moz and 2.29Moz (2021 comparable 2.25Moz). Including Asanko, attributable gold equivalent production is expected to be between 2.31Moz and 2.36Moz. AISC (excluding Asanko) is expected to be between US$1,140/oz and US$1,180/oz, with AIC (excluding Asanko) expected to be US$1,370/oz to US$1,410/oz. As guided in our Q1 operating update, we expect the project capex to be 5-7% higher than original guidance of US$860m real (US$920m nominal) which would have resulted in capex spend of US$920m – in line with the US$920m nominal numberSeeking Alpha • Aug 15
Gold Fields: Shares Finding A Floor Ahead Of First-Half Earnings
Gold mining stocks have been taken to the woodshed since early Q2 despite still high inflation. GDX shows signs of bottoming, while one of its biggest holdings has a pivotal upcoming earnings date. Gold Fields' shares have turned around and could see further upside. Gold mining stocks soared earlier this year amid geopolitical tensions and rising global inflation. The popular (and often infamous) VanEck Vectors Gold Miners ETF (GDX) climbed from under $29 in late January to above $41 by its early second-quarter high. Over the last four months, however, the fund is down a whopping 34%. The three-month ETF performance heat map below illustrates that the group of misfit gold miners has underperformed most other areas of the market. Three-Month ETF Performance Heat Map: GDX Red Finviz Q2 earnings season did few favors for GDX. The biggest holding in GDX, Newmont Corporation (NEM), issued a disappointing quarterly report as higher costs dinged its profit outlook. The gold mining ETF bottomed out under $25 on NEM’s July 25 earnings release. Gold Fields Limited (GFI) is the seventh-largest holding in the GDX fund. At a 4% weight, it certainly influences how the group performs. According to the company website, GFI is the seventh largest (by production) gold producer in the world, with attributable annualized production of 2.1 million ounces (gold equivalent) from seven operating mines in Australia, Ghana, Peru, and South Africa. The Group also has two active projects in its portfolio, Gruyere (50:50 joint venture) in Western Australia, which is in the construction phase and Salares Norte in Chile, currently in the feasibility phase. The South Africa-based $8.4 billion market cap Metals & Mining company in the Materials sector trades at 10.5 time trailing 12-month earnings and has a 2.7% dividend yield, according to The Wall Street Journal. Analysts at Bank of America Global Research see profits increasing through 2024 for the beaten-down mining stock. BofA also forecasts a higher dividend yield over time. With a low P/E multiple and a depressed EV/EBITDA, the stock appears cheap. Also consider that free cash flow is expected to be strong in the years ahead. GFI: Earnings, Dividend, Valuation Forecasts BofA Global Research GFI’s corporate event calendar shows a semiannual confirmed earnings date of Thursday, August 25, BMO for 1H22 results. Another volatility catalyst might take place on September 18-21, when the firm’s management team is expected to speak at the Gold Forum Americas 2022 conference. Interim production data from Gold Fields is slated for November 9, 2022, according to Wall Street Horizon. Gold Fields Corporate Event Calendar: Earnings On Tap Wall Street Horizon ORATS data show traders expecting a 6.1% share price change following H1 earnings next week. Options Pricing Ahead Of Earnings ORATS The Technical Take With a compelling valuation and a few important dates on the calendar upcoming, what does the chart say about GFI shares? I see upside potential. Buyers have historically come about in the $7.75 to $8.50 range, and the recent bottoming formation off the late July low lends credence to the narrative that higher prices are in the offing.Seeking Alpha • Jun 02
Gold Fields: The Market Did Not Like The Merger With Yamana Gold
On May 31, 2022, Gold Fields Ltd. announced a definitive agreement under which it will acquire all of the outstanding common shares of Yamana Gold. The newco is expected to have $2.3 billion of available liquidity. I recommend buying GFI at or below $9.50 with a potential low at $8.25.Seeking Alpha • Mar 23
Gold Fields: The Salares Norte Is A Strong Incentive
Revenues for H2 2021 were $2,211.6 million up 39.2% from H2 2020. Net income was $401.9 million up from $91.1 million in 2H 2020. The attributable gold equivalent produced in the fourth quarter of 2021 was 631K ounces compared to 593K ounces in 2020, an improvement of 6.4% from 4Q20. I recommend buying GFI on any weakness at or below $15.5.Seeking Alpha • Feb 14
Gold Fields: One Of The Strongest Charts In Gold Mining
Gold Fields is a superb gold mining choice, with clear undervaluation characteristics, a strong dividend payout, and long-life mining reserves. The breakout in gold prices last week could propel this leading global miner to a super-positive total return in 2022. For investors searching for defensive gold exposure, this name should be near the top of your research list.Seeking Alpha • Dec 09
Gold Fields: On Track To Meet Guidance
During Q3 2021, there was a further decrease in the net debt balance (including leases) to $1,037 million on 30 September 2021 from $1,097 million on 30 June 2021. Total gold equivalent production for the 3Q21 (consolidated basis) was 605.7K Au Eq. ounces, an improvement of 8.7% from 3Q20. I recommend buying GFI at or below $10.2.Seeking Alpha • Aug 29
Gold Fields Ltd.: Divergence Equals Opportunity
The South African gold miner had a better-than-expected H1 2021 with a net income of $387.4 million or $0.43 per diluted share compared to $155.50 million or $0.18 in H1 2020. Total gold equivalent production for the H2 2021 was 1,140K Au Eq. ounces, an improvement of 4.9% from H1 2020. I recommend adding on any weakness below $8.50.Seeking Alpha • Jun 29
Gold Fields: Another Solid South African Gold Miner
On May 6, 2021, Johannesburg-based Gold Fields released its quarterly operational update for the quarter ended 31 March 2021. The attributable gold equivalent produced in the first quarter of 2021 was 541.3K ounces compared to 536.9K ounces in the first quarter of 2020. I recommend buying GFI below $9.Seeking Alpha • Jun 22
Gold Fields: Back On The Sale Rack
Gold Fields is down more than 27% over the past 30 trading days, and is now hovering just above a key support level near $8.40. Unfortunately, the investment thesis has weakened slightly due to the Peru Election, with the potential for Pedro Castillo to take over the reins. The good news is that Cerro Corona makes up less than 10% of annual guidance, with this figure remaining below 10% once Salares Norte comes online. Given Gold Fields' impressive organic growth profile and only modest exposure to Peru, I see this pullback to $9.00 as a low-risk buying opportunity.Prognoser för vinst- och omsättningstillväxt
| Datum | Intäkter | Intäkter | Fritt kassaflöde | Kassaflöde från rörelsen | Genomsnittligt Antal analytiker |
|---|---|---|---|---|---|
| 12/31/2028 | 13,281 | 4,437 | 3,914 | 6,463 | 5 |
| 12/31/2027 | 13,195 | 5,123 | 4,463 | 6,230 | 8 |
| 12/31/2026 | 13,101 | 5,387 | 4,472 | 6,634 | 8 |
| 12/31/2025 | 8,751 | 3,567 | 3,089 | 4,479 | N/A |
| 9/30/2025 | 7,653 | 2,725 | 2,411 | 3,730 | N/A |
| 6/30/2025 | 6,555 | 1,883 | 1,734 | 2,981 | N/A |
| 3/31/2025 | 5,878 | 1,564 | 1,254 | 2,470 | N/A |
| 12/31/2024 | 5,202 | 1,245 | 775 | 1,958 | N/A |
| 9/30/2024 | 4,780 | 958 | 545 | 1,711 | N/A |
| 6/30/2024 | 4,358 | 671 | 316 | 1,464 | N/A |
| 3/31/2024 | 4,430 | 696 | 411 | 1,513 | N/A |
| 12/31/2023 | 4,501 | 722 | 507 | 1,561 | N/A |
| 6/30/2023 | 4,318 | 629 | 522 | 1,554 | N/A |
| 3/31/2023 | 4,302 | 663 | 568 | 1,619 | N/A |
| 12/31/2022 | 4,287 | 698 | 614 | 1,684 | N/A |
| 9/30/2022 | 4,367 | 811 | 596 | 1,713 | N/A |
| 6/30/2022 | 4,447 | 912 | 578 | 1,742 | N/A |
| 3/31/2022 | 4,321 | 850 | 521 | 1,647 | N/A |
| 12/31/2021 | 4,195 | 819 | 464 | 1,553 | N/A |
| 9/30/2021 | 4,158 | 872 | 508 | 1,460 | N/A |
| 6/30/2021 | 4,121 | 955 | 553 | 1,367 | N/A |
| 3/31/2021 | 4,007 | 839 | 609 | 1,308 | N/A |
| 12/31/2020 | 3,892 | 723 | 665 | 1,249 | N/A |
| 9/30/2020 | 3,618 | 485 | 577 | 1,116 | N/A |
| 6/30/2020 | 3,343 | 247 | 488 | 983 | N/A |
| 3/31/2020 | 3,155 | 204 | 383 | 937 | N/A |
| 12/31/2019 | 2,967 | 162 | 278 | 891 | N/A |
| 9/30/2019 | 2,786 | 125 | N/A | 849 | N/A |
| 6/30/2019 | 2,606 | 89 | N/A | 808 | N/A |
| 3/31/2019 | 2,592 | -130 | N/A | 711 | N/A |
| 12/31/2018 | 2,578 | -348 | N/A | 614 | N/A |
| 9/30/2018 | 2,693 | -400 | N/A | 685 | N/A |
| 6/30/2018 | 2,808 | -452 | N/A | 818 | N/A |
| 3/31/2018 | 2,785 | -242 | N/A | 821 | N/A |
| 1/1/2018 | 2,762 | -32 | N/A | 795 | N/A |
| 9/30/2017 | 2,737 | 35 | N/A | 834 | N/A |
| 6/30/2017 | 2,712 | 101 | N/A | 843 | N/A |
| 3/31/2017 | 2,689 | 129 | N/A | 900 | N/A |
| 12/31/2016 | 2,666 | 157 | N/A | 957 | N/A |
| 9/30/2016 | 2,512 | -121 | N/A | 872 | N/A |
| 6/30/2016 | 2,535 | -130 | N/A | 806 | N/A |
| 3/31/2016 | 2,565 | -173 | N/A | 801 | N/A |
| 12/31/2015 | 2,454 | -239 | N/A | 759 | N/A |
| 9/30/2015 | 2,613 | -10 | N/A | 782 | N/A |
| 6/30/2015 | 2,677 | -9 | N/A | 767 | N/A |
Analytiker Framtid Tillväxt Prognoser
Intäkter kontra sparande: GFI s prognostiserade vinsttillväxt ( 6.6% per år) är över sparkvoten ( 3.5% ).
Resultat vs marknad: GFI s intäkter ( 6.6% per år) förväntas växa långsammare än marknaden för US ( 16.4% per år).
Höga tillväxtresultat: GFI s intäkter förväntas växa, men inte avsevärt.
Intäkt vs marknad: GFI s intäkter ( 12.4% per år) förväntas växa snabbare än US marknaden ( 11.4% per år).
Hög tillväxtintäkter: GFI s intäkter ( 12.4% per år) förväntas växa långsammare än 20% per år.
Tillväxtprognoser för vinst per aktie
Framtida avkastning på eget kapital
Framtida ROE: GFI s avkastning på eget kapital förväntas bli hög om 3 år ( 28 %)
Upptäck tillväxtföretag
Företagsanalys och finansiella data Status
| Uppgifter | Senast uppdaterad (UTC-tid) |
|---|---|
| Analys av företag | 2026/05/06 11:52 |
| Aktiekurs vid dagens slut | 2026/05/06 00:00 |
| Intäkter | 2025/12/31 |
| Årlig intjäning | 2025/12/31 |
Datakällor
Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.
| Paket | Uppgifter | Tidsram | Exempel US-källa |
|---|---|---|---|
| Företagets finansiella ställning | 10 år |
| |
| Analytikernas konsensusuppskattningar | +3 år |
|
|
| Marknadspriser | 30 år |
| |
| Ägarskap | 10 år |
| |
| Förvaltning | 10 år |
| |
| Viktiga utvecklingstendenser | 10 år |
|
* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.
Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.
Analysmodell och snöflinga
Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.
Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.
Industri- och sektormått
Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.
Källor för analytiker
Gold Fields Limited bevakas av 20 analytiker. 8 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.
| Analytiker | Institution |
|---|---|
| Herbert Kharivhe | Absa Bank Limited |
| Andrew Byrne | Barclays |
| Raj Ray | BMO Capital Markets Equity Research |