Analyst Consensus ?
ConsensusHold17 ratings
Bullish847.1%
Neutral952.9%
Bearish00.0%
Gold Fields Limited · GFI · FY2025 Q2 · Calendar Q3 2025
Gold Fields maintains guidance as Salares Norte ramps and Gold Road deal advances
The current analysis supports a constructive but conditional view: stronger production and cash generation, lower all-in cash cost and a higher interim dividend reinforce the operating case, while the thesis depends on Salares Norte execution, disciplined capital allocation and progress on Windfall and the Gold Road transaction.
Reported Before market openNYSEBasic Materials
$32.91B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.15
Consensus $1.19
EPS surprise
-3.4%
Reported versus consensus
Reported revenue
$3.49B
Consensus $3.59B
Revenue surprise
-2.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.8%
Event window
SPY move
+1.5%
Same window
Abnormal move
+1.3%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
+35.9%
Up to 20 sessions
GFISPY benchmark
Ask FN2 about GFI FY2025 Q2
Transcript, numbers and history already loaded
Why did GFI rise 2.8% after missing EPS estimates in FY2025 Q2?What changed in GFI's guidance and outlook in FY2025 Q2?Give me the bull and bear case for GFI after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior analysis, the focus shifted from the completed Osisko acquisition to the pending Gold Road acquisition and full control of Gruyere. Salares Norte moved closer to commercial production, while the company reported stronger H1 production and cash flow, a lower all-in cash cost and a higher interim dividend.
Guidance delta
Management maintained guidance; no change was supplied in the analysis.
Key takeaways
- H1 production rose 24% year over year and cash flow improved 256%, supported by higher gold prices.
- All-in cash cost fell by $100 per ounce to $1,957, while the interim dividend increased to ZAR 7 per share.
- Salares Norte was progressing toward commercial production in Q3 and steady-state production in Q4; the Gold Road acquisition was expected to close in October.
Management priorities
- Complete the Gold Road acquisition and consolidate Gruyere ownership.
- Advance Salares Norte toward commercial production and steady-state output.
- Progress Windfall permitting, financing and final investment decision work while extending existing mine lives.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$35.36Current
$13.5Low
$35.09Average
$57.25High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 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 $35.36. 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 | +47.1% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $49 | $33.8 | +38.6% | Jul 9, 2026 |
| Canaccord Genuity | Analyst unavailable | $57.25 | $43.96 | +61.9% | Apr 24, 2026 |
| Scotiabank | Analyst unavailable | $61 | $57.59 | +72.5% | Jan 26, 2026 |
| RBC Capital | Josh Wolfson | $45 | $39.15 | +27.3% | Nov 24, 2025 |
| Scotiabank | Analyst unavailable | $47 | $40.9 | +32.9% | Oct 23, 2025 |
| Canaccord Genuity | Analyst unavailable | $39 | $41 | +10.3% | Oct 13, 2025 |
| Capital One Financial | Analyst unavailable | $32 | $31.12 | -9.5% | Aug 22, 2025 |
| Scotiabank | Tanya Jakusconek | $18 | $16.84 | -49.1% | Aug 19, 2024 |
| BMO Capital | Raj Ray | $14 | $15.16 | -60.4% | Jun 26, 2024 |
| Scotiabank | Tanya Jakusconek | $17 | $13.28 | -51.9% | Jun 14, 2024 |
| BMO Capital | Andrew Kaip | $13.5 | $13.88 | -61.8% | 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 |
|---|---|---|---|---|
| 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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-02T13:36:17.607589+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T13:36:17.604796+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 2026-10-02. For educational purposes only; not investment advice.