Analyst Consensus ?
ConsensusHold17 ratings
Bullish847.1%
Neutral952.9%
Bearish00.0%
Gold Fields Limited · GFI · FY2024 Q3 · Calendar Q4 2024
Gold Fields Q3: Production Rebounds, Guidance Holds
The quarter provided evidence of improving operating momentum: production rose and all-in costs fell, while annual guidance was maintained. The longer-term growth case still depends on execution at Salares Norte and Osisko, alongside cost control and permitting progress.
Reported Session unavailableNYSEBasic Materials
$32.91B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.43
Consensus $0.34
EPS surprise
+27.8%
Reported versus consensus
Reported revenue
$2.12B
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
close-to-close (session unavailable)
Stock move
-7.9%
Event window
SPY move
+1.1%
Same window
Abnormal move
-8.9%
Stock minus SPY
Volume
3.2×
Versus trailing sessions
Subsequent drift
+6.8%
Up to 20 sessions
GFISPY benchmark
Ask FN2 about GFI FY2024 Q3
Transcript, numbers and history already loaded
Why did GFI fall 7.9% after beating EPS estimates in FY2024 Q3?What changed in GFI's guidance and outlook in FY2024 Q3?Give me the bull and bear case for GFI after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, Gold Fields reported a 12% production increase to 510,000 ounces, lower all-in costs, a $30 million net-debt reduction, and completion of the Osisko Mining acquisition. Guidance was maintained rather than lowered, although management placed expected annual delivery in the lower half of the range.
Guidance delta
Annual production guidance was maintained, but management expected results in the lower half of the range.
Key takeaways
- Q3 gold production increased 12% to 510,000 ounces, while all-in cost fell to $1,909 per ounce.
- Management kept annual production guidance unchanged but expected delivery in the lower half of the range.
- Salares Norte ramp-up and the completed Osisko Mining acquisition remained central to the growth plan.
Management priorities
- Complete the Salares Norte ramp-up and pursue steady-state output in 2026
- Advance Osisko permitting and development toward a final investment decision
- Improve cost dilution through higher output at existing operations
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$36.29Current
$13.5Low
$35.09Average
$57.25High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Sep 16, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Jul 14, 2026 |
| Canaccord Genuity | Buy | Hold | Upgrade | Apr 24, 2026 |
| Citigroup | Buy | Buy | Maintain | Nov 26, 2025 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 25, 2025 |
| HSBC | Hold | Buy | Downgrade | Apr 17, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Feb 12, 2021 |
| Bank of America | Buy | Underperform | Upgrade | Apr 13, 2018 |
| B of A Securities | Buy | Underperform | Upgrade | Apr 13, 2018 |
| Macquarie | Neutral | Outperform | Downgrade | Mar 15, 2016 |
| Scotia Howard Weil | Perform | Sector Perform | Maintain | Aug 31, 2015 |
| UBS | Neutral | Sell | Upgrade | May 13, 2015 |
| Morgan Stanley | Equal Weight | Overweight | Downgrade | Feb 18, 2014 |
| Exane BNP Paribas | Buy | Buy | Maintain | Nov 5, 2013 |
| CIBC | Sector Perform | Underperform | Upgrade | Oct 3, 2013 |
| Deutsche Bank | Buy | Hold | Upgrade | Apr 17, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $36.29. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $52 | $33.13 | +43.3% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $49 | $33.8 | +35.0% | Jul 9, 2026 |
| Canaccord Genuity | Analyst unavailable | $57.25 | $43.96 | +57.8% | Apr 24, 2026 |
| Scotiabank | Analyst unavailable | $61 | $57.59 | +68.1% | Jan 26, 2026 |
| RBC Capital | Josh Wolfson | $45 | $39.15 | +24.0% | Nov 24, 2025 |
| Scotiabank | Analyst unavailable | $47 | $40.9 | +29.5% | Oct 23, 2025 |
| Canaccord Genuity | Analyst unavailable | $39 | $41 | +7.5% | Oct 13, 2025 |
| Capital One Financial | Analyst unavailable | $32 | $31.12 | -11.8% | Aug 22, 2025 |
| Scotiabank | Tanya Jakusconek | $18 | $16.84 | -50.4% | Aug 19, 2024 |
| BMO Capital | Raj Ray | $14 | $15.16 | -61.4% | Jun 26, 2024 |
| Scotiabank | Tanya Jakusconek | $17 | $13.28 | -53.2% | Jun 14, 2024 |
| BMO Capital | Andrew Kaip | $13.5 | $13.88 | -62.8% | Jun 13, 2024 |
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Start freeCompany context
Snapshot as of publicationGold 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 company also engages in the exploration of copper deposits. It manages a portfolio of nine operational mines, collectively producing an estimated 2.34 million gold-equivalent ounces each year. The firm's substantial gold holdings include approximately 48.6 million ounces in mineral reserves and an impressive 111.8 million ounces in mineral resources. Established in 1887, Gold Fields Limited is headquartered in Sandton, South Africa.
Historical context
All GFI earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RPM RPM International Inc. | FY2027 Q1 · Calendar Q4 2026 | — | +1.6% | RPM posts record Q1 results as inflation pressures margins |
| HMY Harmony Gold Mining Company Limited | FY2026 Q4 · Calendar Q3 2026 | 0.0% | -6.2% | Harmony Gold posts record FY2026 while Eva Copper risks remain |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-06T16:40:42.798115+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T16:40:42.795047+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-06. For educational purposes only; not investment advice.