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Gold Fields Ltd (GFI)
NYSE:GFI
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Gold Fields
(NYSE:GFI)
Rating:76Outperform
Price Target:
$28.00
â–²(12.81%Upside)
Positive Factors
Exploration Success
Gold Fields has a strong track record in exploration and reserve replacement, particularly in Australia, outperforming its peers.
Gold Price Forecast
Gold is forecasted to reach $3000/oz, supported by high central bank buying and global economic conditions, benefiting Gold Fields.
Production Growth
Gold Fields is recognized for its industry-leading production growth and high gold price leverage, which enhances its potential for a leading dividend yield.
Negative Factors
Capex Increase
The Salares Norte project, although progressing, has experienced an increase in capital expenditure, impacting financial planning.
Project Delays
Despite an increase in capex and delays, the Salares Norte project maintains neutral net present value returns, suggesting resilience in project management.
Gold Fields (GFI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.65B
Dividend Yield2.92%
Average Volume (3M)3.19M
Price to Earnings (P/E)17.8
Beta (1Y)0.76
Revenue Growth13.41%
EPS Growth73.34%
CountryUS
Employees6,560
SectorBasic Materials
Sector Strength69
IndustryGold
Share Statistics
EPS (TTM)0.81
Shares Outstanding895,024,230
10 Day Avg. Volume3,127,537
30 Day Avg. Volume3,192,040
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)2.16
Price to Sales (P/S)0.00
P/FCF Ratio15.27
Enterprise Value/Market Cap0.45
Enterprise Value/Revenue0.55
Enterprise Value/Gross Profit3.90
Enterprise Value/Ebitda1.15
Forecast
1Y Price Target
$23.83Price Target Upside-3.99% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Gold Fields Business Overview & Revenue Model
Company DescriptionGold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.
How the Company Makes MoneyGold Fields makes money through the exploration, extraction, processing, and sale of gold and copper. The company's revenue is primarily generated from the sale of refined gold bullion to various markets, including direct sales to refineries and bullion banks. In addition, Gold Fields produces copper as a by-product, which is sold in the form of copper concentrates. The company's earnings are influenced by factors such as global gold prices, production costs, and operational efficiency. Strategic partnerships, investments in technology, and geographic diversification further contribute to its financial performance by enhancing production capabilities and market reach.
Gold Fields Financial Statement Overview
Summary
Gold Fields exhibits strong financial performance with robust revenue and profit growth, efficient cost management, and solid operational margins. The balance sheet is stable with a healthy equity base, though debt levels should be monitored. Cash flows are strong, supporting ongoing operations and future investments.Income Statement
Gold Fields has shown strong revenue growth over recent years, with a notable increase in Total Revenue from $4.5 billion in 2023 to $5.2 billion in 2024, representing a growth rate of 15.56%. Gross Profit Margin increased as well, indicating efficient cost management, reaching 54.53% in 2024. Net Profit Margin improved to 23.94%, reflecting enhanced profitability. Both EBIT Margin and EBITDA Margin are robust at 52.28% and 51.05% respectively, showcasing operational efficiency. Overall, the company's income statement reflects a positive trajectory with strong profitability metrics.85
Very Positive
Balance Sheet
The balance sheet shows a stable and improving financial position. The Debt-to-Equity Ratio at 0.57 suggests a relatively conservative use of leverage, while the Equity Ratio of 51.28% highlights a solid equity base. Return on Equity (ROE) improved to 23.94%, indicating effective use of equity to generate profits. The company maintains a strong equity base, but attention should be given to managing total debt levels as they increased from previous years.78
Positive
Cash Flow
Cash flow metrics are strong, with Free Cash Flow increasing from $437.6 million in 2023 to $709.2 million in 2024, marking a growth rate of 62.05%. Operating Cash Flow to Net Income Ratio stands at 1.57, demonstrating healthy cash generation relative to net income. The Free Cash Flow to Net Income Ratio is 0.57, indicating sufficient cash generation to cover net income and support growth initiatives. Overall, the cash flow statement reflects strong cash generation capabilities and efficient capital expenditure management.82
Very Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 5.20B | 4.50B | 4.29B | 4.20B | 3.89B | Gross Profit |
| 2.21B | 1.64B | 1.57B | 1.71B | 1.64B | EBIT |
| 2.09B | 1.42B | 1.40B | 1.55B | 1.46B | EBITDA |
| 2.66B | 2.07B | 2.07B | 2.29B | 2.15B | Net Income Common Stockholders |
| 1.25B | 703.30M | 711.00M | 789.30M | 723.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 860.20M | 648.70M | 769.40M | 524.70M | 886.80M | Total Assets |
| 10.14B | 8.23B | 7.34B | 7.35B | 7.47B | Total Debt |
| 2.95B | 1.67B | 1.47B | 1.49B | 1.96B | Net Debt |
| 2.09B | 1.02B | 704.10M | 968.90M | 1.07B | Total Liabilities |
| 4.78B | 3.61B | 3.00B | 3.22B | 3.64B | Stockholders Equity |
| 5.20B | 4.48B | 4.34B | 4.13B | 3.66B |
| Cash Flow | Free Cash Flow | |||
| 709.20M | 437.60M | 614.30M | 463.80M | 665.40M | Operating Cash Flow |
| 1.96B | 1.56B | 1.68B | 1.55B | 1.25B | Investing Cash Flow |
| -2.59B | -1.37B | -1.07B | -1.07B | -607.40M | Financing Cash Flow |
| 861.70M | -286.20M | -361.30M | -832.80M | -277.50M |
Gold Fields Technical Analysis
Positive
24.82
Price Trends
22.81
Positive
21.04
Positive
17.90
Positive
Market Momentum
0.82
Negative
57.78
Neutral
55.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GFI, the sentiment is Positive. The current price of 24.82 is above the 20-day moving average (MA) of 23.77, above the 50-day MA of 22.81, and above the 200-day MA of 17.90, indicating a bullish trend. The MACD of 0.82 indicates Negative momentum. The RSI at 57.78 is Neutral, neither overbought nor oversold. The STOCH value of 55.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GFI.
Gold Fields Risk Analysis
Gold Fields disclosed 49 risk factors in its most recent earnings report. Gold Fields reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gold Fields Peers Comparison
Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $64.44B | 13.00 | 16.64% | 1.73% | 48.69% | ― | |
78 Outperform | $11.83B | 29.68 | 13.03% | 0.99% | 18.77% | 38.55% | |
76 Outperform | $22.65B | 17.84 | 25.35% | 2.92% | 13.41% | 73.34% | |
75 Outperform | $25.02B | 21.28 | 19.42% | 0.98% | 26.43% | ― | |
74 Outperform | $9.34B | 16.06 | 25.19% | 1.60% | 20.35% | 20.44% | |
57 Neutral | $4.82B | ― | -15.89% | ― | -0.71% | 80.26% | |
51 Neutral | $2.04B | -1.26 | -21.09% | 3.98% | 2.91% | -30.49% |
* Basic Materials Sector Average
Performance Comparison
GFI
Gold Fields
24.82
11.14
81.43%
HMY
Harmony Gold Mining
14.69
6.01
69.24%
NEM
Newmont Mining
58.12
17.22
42.10%
RGLD
Royal Gold
179.70
59.18
49.10%
SBSW
Sibanye Stillwater
6.98
2.37
51.41%
AU
Anglogold Ashanti PLC
49.68
27.54
124.39%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.