| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 82 | 11.3x | 17.8x | Top tier | |
Growth | 98 | 68.8% | 7.1% | Top tier | |
Quality | 94 | — | 4.5% | Top tier | |
Safety | 87 | 0.1x | 2.6x | Top tier | |
Capital Return | 77 | — | 2.12% | Top tier | |
Momentum | 50 | 15.4% | 2.9% | Around median | |
Sentiment | 89 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Gold Fields Limited is a multi-asset gold mining company that generates revenue primarily from the production and sale of gold, with silver contributing as a by-product at some operations, particularly Salares Norte. Its operating portfolio includes assets such as Salares Norte, Granny Smith, South Deep, Tarkwa, Agnew, Gruyere, and St. Ives, while Windfall in Canada represents the next major growth project. The company allocates cash flows among spending on asset integrity and sustainability, growth projects and exploration, debt reduction, distributions, and share buybacks.
In fiscal year 2024, revenue reached $5.2 billion, compared with $4.5 billion in fiscal year 2023, and gross profit increased to $2.4 billion from $1.8 billion. Net income was $1.3 billion and earnings per share were $1.38, compared with net income of $737.4 million and earnings per share of $0.77 in fiscal year 2023. Gross profit was equivalent to approximately 46% of revenue in fiscal year 2024, up from approximately 40% in fiscal year 2023, while the data do not include an annual revenue breakdown by mine.
In the results reported as part of Q2 fiscal year 2026 for the six months ended June 30, 2026, attributable production increased 12% to 1.267 million ounces, sales volumes rose 18%, and the average realized gold price climbed 51% to $4,678 per ounce. Headline earnings, earnings per share, and free cash flow more than doubled from the comparable period, and adjusted free cash flow reached $2.225 billion at an 11% yield, but all-in sustaining cost rose 13% to $1,893 per ounce. Salares Norte led the improvement in the production mix, with output increasing 173% to 337 thousand ounces and an all-in sustaining cost of $269 per ounce, while South Deep produced approximately 151 thousand ounces and Granny Smith approximately 147 thousand ounces.
The average analyst price target is $52.75, within a relatively wide range of $49 to $57.25, with a “Neutral” consensus; even the highest target remains below the 52-week range high of $61.64, while the range low is $31.11. A price-to-earnings ratio is not available in the data, but on August 25, 2026, management cited an enterprise value-to-earnings before interest, taxes, depreciation, and amortization multiple of 4.9 times and a free cash flow yield exceeding 10%, against repricing risks associated with the Tarkwa renewal, the Windfall delay, and rising costs.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
In the results reported as part of Q2 fiscal year 2026 for the six months ended June 30, 2026, attributable production increased 12% to 1.267 million ounces and sales volumes rose 18%. The average realized gold price increased 51% to $4,678 per ounce, lifting adjusted free cash flow to $2.225 billion. Salares Norte was the largest operating contributor to the improvement, with its production increasing 173% to 337 thousand ounces and generating free cash flow of just under $1.2 billion.
Salares Norte produced approximately 337 thousand ounces in the first half of fiscal year 2026, up 173% year over year, with an all-in sustaining cost of $269 per ounce. The mine benefited from better-than-expected grade reconciliation, improved plant recovery, and higher silver prices that supported gold-equivalent production and by-product credits. Based on this performance, management said on August 25, 2026, that fiscal year 2026 production was on track for a range of 550–600 thousand gold-equivalent ounces instead of the previous guidance of 500–550 thousand ounces.
The company paid an interim base dividend of 16.25 rand per share for the first half of fiscal year 2026, up 132% year over year. It also completed a $300 million share buyback between March and July 2026, following a $253 million special dividend announced in February 2026. On August 25, 2026, it allocated an additional $500 million to the supplementary returns program, increasing the total allocation since November 2025 to $1.25 billion, with the program reviewed every six months based on cash generation.
Automated analysis for informational purposes only — not investment advice.
As of August 25, 2026, Gold Fields was awaiting environmental assessment approval for Windfall after expecting it in June 2026, and explained that the absence of approval by the end of 2026 could delay the project until at least late 2029. The environmental authority's requirements also added a nitrate treatment plant costing approximately $50 million, alongside changes in labor costs and inflationary pressures. At Tarkwa, the mining leases expire in April 2027, and the outcome, timing, and terms of the renewal remain uncertain following the application submitted in November 2025 and the commercial proposal submitted in July 2026.
Net debt stood at $437 million on June 30, 2026, and the net debt-to-earnings before interest, taxes, depreciation, and amortization ratio declined to 0.06 times from 0.37 times a year earlier. Excluding lease liabilities, Gold Fields ended the first half of fiscal year 2026 in a net cash position, with available liquidity and facilities and a long-term maturity schedule without near-term refinancing pressure. During the same period, the company invested approximately $0.6 billion in sustaining capital and $0.3 billion in growth, reduced net debt by approximately $0.8 billion, and returned $1.4 billion to shareholders.
Gold Fields' revenue increased to $5.2 billion in fiscal year 2024 from $4.5 billion in fiscal year 2023 and $4.3 billion in fiscal year 2022. Gross profit increased to $2.4 billion in fiscal year 2024 from $1.8 billion in fiscal year 2023, raising the approximate gross profit margin from 40% to 46%. Net income also increased to $1.3 billion and earnings per share to $1.38, compared with net income of $737.4 million and earnings per share of $0.77 in fiscal year 2023.
