Gold Fields

GFI · JOHANNESBURG

$36.23−$0.44 (−1.20%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $36.67

GFI analyst rating

BuyConsensus of 6 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy4
Hold2
Underperform0
Sell0

12-month price target · 11 analysts

Average $47.02 (+29.8% upside)

Low: $38.91
Now: $36.23
High: $59.68

Upgrades and downgrades

The latest rating actions, newest first

GFI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Goldman Sachs	Oct 15, 2026	Initiates	Neutral	$38.00	100%
RBC Capital	Sep 16, 2026	Maintains	Outperform	$49.00 → $54.00	49%
JP Morgan	Jul 16, 2026	Maintains	Overweight	$75.00 → $55.00	58%
Scotiabank	Jul 14, 2026	Maintains	Sector Perform	$60.00 → $52.00	69%
RBC Capital	Jul 9, 2026	Maintains	Outperform	$50.00 → $49.00	49%
Canaccord Genuity	Apr 24, 2026	Upgrade	Hold → Buy	$40.25 → $57.25	50%
Scotiabank	Mar 20, 2026	Maintains	Sector Perform	$61.00 → $60.00	69%
Scotiabank	Jan 26, 2026	Maintains	Sector Perform	$47.00 → $61.00	69%
JP Morgan	Jan 20, 2026	Maintains	Overweight	$64.00 → $65.00	58%
JP Morgan	Dec 3, 2025	Maintains	Overweight	$62.00 → $64.00	58%

The case for and against

Updated Nov 30, 2024

Bull case

Gold Fields Ltd has benefited from a significant appreciation in gold prices, which has risen approximately 15% to over US$2,300 per ounce, positively impacting the company's revenue streams as it remains a prominent player among emerging market funds. The company's recent share price outperformance reflects solid operational performance, improvements in its balance sheet, and a favorable near-term growth outlook, supported by its ongoing asset optimization program aimed at enhancing operational efficiencies and energy performance. Enhanced visibility on operational risks coupled with valuations aligning more closely with peer averages further reinforces a positive outlook for Gold Fields's stock.

Bear case

Gold Fields Ltd faces a negative outlook largely due to a downward revision in its production guidance for 2024, which has been adjusted to between 2.2Moz and 2.3Moz, reflecting operational challenges and lowered expectations for the Salares Norte project. Additionally, the company has experienced a significant decline in share price, approximately 19%, attributed to weaker-than-expected operational guidance and an increase in anticipated costs. Overall, these factors contribute to a perception that the company's premium valuation is unjustified amidst heightened operational risks.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.