Gold Fields (NYSE:GFI) Issues Quarterly Earnings Results, Misses Expectations By $1.65 EPS

Posted by on Aug 25th, 2026

Gold Fields (NYSE:GFI – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($1.65), FiscalAI reports. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $5.84 billion.

Here are the key takeaways from Gold Fields’ conference call:

  • Strong first-half performance: Attributable production rose 12% to 1.267 million ounces, driven by Salares Norte and Gruyere, while adjusted free cash flow more than doubled to $2.225 billion on higher volumes and a 51% increase in the realized gold price.
  • Gold Fields increased shareholder returns, raising its interim dividend 132% year over year to R16.25 per share, completing $300 million in buybacks, and allocating an additional $500 million to its top-up returns program. Net debt to EBITDA fell to 0.06 times, with the company reporting a net cash position excluding lease liabilities.
  • Salares Norte significantly exceeded expectations, with first-half production up 173% year over year and guidance raised to approximately 550,000–600,000 ounces for 2026. Management cited positive grade reconciliation, stronger recoveries, and higher silver prices, although costs remain sensitive to silver prices.
  • All-in sustaining costs increased 13% to $1,893 per ounce, reflecting higher royalties, inflation, producing-currency strength, mining at depth, and increased discretionary capital. Management expects costs toward the midpoint of guidance, but continued cost optimization is a key transformation priority.
  • The Tarkwa lease renewal remains uncertain ahead of the current leases’ April 2027 expiry, and management warned that delays to Windfall’s environmental approval are beginning to affect execution timing. If Windfall does not receive approval by the end of 2026, the project could slip to late 2029 or later, with updated capital and schedule estimates to follow.

Gold Fields Price Performance

Gold Fields stock traded up $0.79 during mid-day trading on Tuesday, reaching $48.12. 1,700,636 shares of the company’s stock traded hands, compared to its average volume of 3,525,047. Gold Fields has a 12-month low of $31.11 and a 12-month high of $61.64. The stock has a 50 day moving average of $36.09 and a two-hundred day moving average of $42.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33.

Analyst Upgrades and Downgrades

GFI has been the topic of a number of recent research reports. Scotiabank reduced their price objective on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Weiss Ratings lowered Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Zacks Research lowered shares of Gold Fields from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada cut their price target on Gold Fields from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Gold Fields currently has an average rating of “Hold” and an average price target of $54.05.

Get Our Latest Report on GFI

Institutional Investors Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC raised its holdings in Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock valued at $36,000 after buying an additional 273 shares during the period. Arax Advisory Partners raised its stake in shares of Gold Fields by 352.6% in the fourth quarter. Arax Advisory Partners now owns 1,136 shares of the company’s stock valued at $50,000 after acquiring an additional 885 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Gold Fields by 24.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock worth $68,000 after purchasing an additional 300 shares during the period. DV Equities LLC purchased a new stake in Gold Fields in the 4th quarter worth about $92,000. Finally, NewEdge Advisors LLC lifted its stake in Gold Fields by 2,152.0% in the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Company Profile

(Get Free Report)

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.

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Earnings History for Gold Fields (NYSE:GFI)

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