Gold Fields Limited (NYSE:GFI) Holds Gains While Short-Term Momentum Risks Reassert

Gold Fields trades at a fair valuation with upside potential tempered by conflicting momentum and a lack of operating cash flow; near-term price action likely reflects this divergence between technical strength and model-driven pressure.

Recent News

October 29 — Analysts revised the average one-year price target higher to $43.21 per share. October 26 — Several brokerages published a consensus “Hold”/“Market Perform” view amid mixed analyst actions. November 27 — Board committee responsibilities changed with appointments effective December 1. November 28 / December 1 — Scotiabank raised FY2025 EPS forecasts modestly and published a $47.00 price target in updated coverage.

Technical Analysis

Directional indicators show conflicting signals: DI+ at 27.74 with an increasing trend signals bullish directional strength, while DI- at 24.09 has completed a dip & reversal, a bearish development. ADX at 11.14 indicates no established trend, so these opposing directional moves point toward range-bound action rather than a sustained breakout.

MACD sits at 0.49 with the signal line at 0.36, so the oscillator currently trades above its signal line — a bullish sign — but the MACD trend reads as a peak & reversal, indicating bearish momentum building despite the current cross position.

MRO registers 15.07 with an increasing trend, meaning price trades above the model target and the oscillator’s rise implies growing pressure for a correction toward that target over time.

RSI at 54.95 shows a peak & reversal pattern, suggesting recent momentum topped and a pullback probability increased relative to the immediate run-up.

Price relationships favor the bulls on multiple timeframes: close at $42.21 sits above the 12-day EMA ($41.35) and above the 20/50-day averages (both $40.88), while the 200-day average remains well below at $29.34, supporting the longer-term constructive bias. Price trades near the upper 1x Bollinger band ($42.68), implying limited upside room without a volatility expansion. Super trend support sits at $38.67.

Volume at 2.90 million roughly matches the 10-day average and sits below the 50/200-day averages, indicating current moves lack broad participation compared with longer-term activity.

 


Fundamental Analysis

Valuation metrics: P/B equals $3.08, which sits slightly below the industry peer mean of $3.32 and above the industry peer median of $2.85; forward P/E equals 47.50, well below the industry peer mean of 122.25 and below the industry peer median of 100.64. WMDST values the stock as fair-valued.

Liquidity and capital structure show available cash of $1.0665 billion and a cash ratio of 96.60%, supporting near-term obligations. The current ratio stands at 1.89 after a QoQ improvement of +65.61% and a YoY improvement of +50.44%, reflecting meaningful short-term liquidity gains.

Leverage: total debt equals $2.5538 billion with net debt of $1.0549 billion; debt-to-assets equals 23.52% and debt-to-equity equals 41.98%. Both debt-to-assets and debt-to-equity rose sharply on a reported QoQ basis (+231.74% and +203.68%, respectively) and on a YoY basis (+231.83% and +222.28%, respectively), indicating recent balance-sheet shifts that warrant monitoring for funding flexibility.

Operating cash flow reported at $0 and an operating cash flow ratio of 0.0 present a notable mismatch against reported cash balances and adjusted free cash inflow in recent company releases; this dynamic constrains near-term cash conversion narrative despite on-paper liquidity.

Top-line and profitability: revenue growth registers -1.41% year-over-year, below the industry peer mean of +7.68% but inside the industry peer range. Book value per share equals $6.80; shares outstanding total 895,024,247, producing a market capitalization near $18.71 billion.

Brief valuation view: WMDST’s fair-valued assessment aligns with a premium-to-book but moderate forward earnings multiple relative to the peer mean; strong reported cash balances counterbalanced by zero operating cash flow and rising leverage create a neutral fundamental footing for the near term.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2025-06-30
REPORT DATE: 2025-05-22
NEXT REPORT DATE: 2025-08-21
CASH FLOW  Begin Period Cash Flow —
 Operating Cash Flow $ 0.00
 Capital Expenditures —
 Change In Working Capital —
 Dividends Paid —
 Cash Flow Delta —
 End Period Cash Flow —
 
INCOME STATEMENT REVENUE
 Total Revenue —
 Forward Revenue —
COSTS
 Cost Of Revenue —
 Depreciation —
 Depreciation and Amortization —
 Research and Development —
 Total Operating Expenses —
PROFITABILITY
 Gross Profit —
 EBITDA —
 EBIT —
 Operating Income —
 Interest Income —
 Interest Expense —
 Net Interest Income —
 Income Before Tax —
 Tax Provision —
 Tax Rate —
 Net Income —
 Net Income From Continuing Operations —
EARNINGS
 EPS Estimate —
 EPS Actual —
 EPS Difference —
 EPS Surprise —
 Forward EPS $ 0.48
 
BALANCE SHEET ASSETS
 Total Assets $ 10.9 B
 Intangible Assets —
 Net Tangible Assets $ 6.1 B
 Total Current Assets $ 2.1 B
 Cash and Short-Term Investments $ 1.1 B
 Cash $ 1.1 B
 Net Receivables —
 Inventory —
 Long-Term Investments $ 555.3 M
LIABILITIES
 Accounts Payable —
 Short-Term Debt —
 Total Current Liabilities $ 1.1 B
 Net Debt $ 1.1 B
 Total Debt $ 2.6 B
 Total Liabilities $ 4.6 B
EQUITY
 Total Equity $ 6.1 B
 Retained Earnings $ 4.5 B
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share $ 6.80
 Shares Outstanding 895.024 M
 Revenue Per-Share —
VALUATION
 Market Capitalization $ 18.7 B
 Enterprise Value $ 20.2 B
 Enterprise Multiple —
Enterprise Multiple QoQ —
Enterprise Multiple YoY —
Enterprise Multiple IPRWA —
 EV/R —
CAPITAL STRUCTURE
 Asset To Equity 1.785
 Asset To Liability 2.355
 Debt To Capital 0.296
 Debt To Assets 0.235
Debt To Assets QoQ 231.735 %
Debt To Assets YoY 231.828 %
Debt To Assets IPRWA high: 0.317
GFI: 0.235
mean: 0.077
median: 0.023
low: 0.001
 Debt To Equity 0.42
Debt To Equity QoQ 203.675 %
Debt To Equity YoY 222.277 %
Debt To Equity IPRWA high: 1.062
GFI: 0.42
mean: 0.204
median: 0.033
low: 0.001
PRICE-BASED VALUATION
 Price To Book (P/B) 3.075
Price To Book QoQ 9.742 %
Price To Book YoY -0.249 %
Price To Book IPRWA high: 5.775
mean: 3.318
GFI: 3.075
median: 2.848
low: -0.033
 Price To Earnings (P/E) —
Price To Earnings QoQ —
Price To Earnings YoY —
Price To Earnings IPRWA —
 PE/G Ratio —
 Price To Sales (P/S) —
Price To Sales QoQ —
Price To Sales YoY —
Price To Sales IPRWA —
FORWARD MULTIPLES
Forward P/E 47.504
Forward PE/G —
Forward P/S —
EFFICIENCY OPERATIONAL
 Operating Leverage —
ASSET & SALES
 Asset Turnover Ratio —
Asset Turnover Ratio QoQ —
Asset Turnover Ratio YoY —
Asset Turnover Ratio IPRWA —
 Receivables Turnover —
Receivables Turnover Ratio QoQ —
Receivables Turnover Ratio YoY —
Receivables Turnover Ratio IPRWA —
 Inventory Turnover —
Inventory Turnover Ratio QoQ —
Inventory Turnover Ratio YoY —
Inventory Turnover Ratio IPRWA —
 Days Sales Outstanding (DSO) —
CASH CYCLE
 Cash Conversion Cycle Days (CCC) —
Cash Conversion Cycle Days QoQ —
Cash Conversion Cycle Days YoY —
Cash Conversion Cycle Days IPRWA high: 51.606
median: 51.551
mean: 49.679
low: 18.16
GFI: 0
CAPITAL DEPLOYMENT
 Cash Conversion Ratio —
 CapEx To Revenue —
 CapEx To Depreciation —
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital $ 8.2 B
 Net Invested Capital $ 8.2 B
 Invested Capital $ 8.2 B
 Net Tangible Assets $ 6.1 B
 Net Working Capital $ 978.1 M
LIQUIDITY
 Cash Ratio 0.966
 Current Ratio 1.886
Current Ratio QoQ 65.609 %
Current Ratio YoY 50.441 %
Current Ratio IPRWA high: 7.376
mean: 3.774
median: 2.889
GFI: 1.886
low: 0.391
 Quick Ratio —
Quick Ratio QoQ —
Quick Ratio YoY —
Quick Ratio IPRWA —
COVERAGE & LEVERAGE
 Debt To EBITDA —
 Cost Of Debt 1.311 %
 Interest Coverage Ratio —
Interest Coverage Ratio QoQ —
Interest Coverage Ratio YoY —
Interest Coverage Ratio IPRWA —
 Operating Cash Flow Ratio 0.0
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO) —
DIVIDENDS
 Dividend Coverage Ratio —
 Dividend Payout Ratio —
 Dividend Rate —
 Dividend Yield —
PERFORMANCE GROWTH
 Asset Growth Rate 7.052 %
 Revenue Growth -1.408 %
Revenue Growth QoQ -0.0 %
Revenue Growth YoY -0.0 %
Revenue Growth IPRWA high: 36.972 %
mean: 7.679 %
median: 6.974 %
GFI: -1.408 %
low: -12.304 %
 Earnings Growth —
Earnings Growth QoQ —
Earnings Growth YoY —
Earnings Growth IPRWA —
MARGINS
 Gross Margin —
Gross Margin QoQ —
Gross Margin YoY —
Gross Margin IPRWA —
 EBIT Margin —
EBIT Margin QoQ —
EBIT Margin YoY —
EBIT Margin IPRWA —
 Return On Sales (ROS) —
Return On Sales QoQ —
Return On Sales YoY —
Return On Sales IPRWA —
CASH FLOW
 Free Cash Flow (FCF) —
 Free Cash Flow Yield —
Free Cash Flow Yield QoQ —
Free Cash Flow Yield YoY —
Free Cash Flow Yield IPRWA —
 Free Cash Growth —
Free Cash Growth QoQ —
Free Cash Growth YoY —
Free Cash Growth IPRWA —
 Free Cash To Net Income —
 Cash Flow Margin —
 Cash Flow To Earnings —
VALUE & RETURNS
 Economic Value Added —
 Return On Assets (ROA) —
Return On Assets QoQ —
Return On Assets YoY —
Return On Assets IPRWA —
 Return On Capital Employed (ROCE) —
 Return On Equity (ROE) —
Return On Equity QoQ —
Return On Equity YoY —
Return On Equity IPRWA —
 DuPont ROE —
 Return On Invested Capital (ROIC) —
Return On Invested Capital QoQ —
Return On Invested Capital YoY —
Return On Invested Capital IPRWA —

Six-Week Outlook

Expect consolidation with elevated pullback risk. Technicals show price above short-term averages but momentum indicators (MRO positive and increasing; RSI peak & reversal; MACD peak & reversal) suggest correction pressure could reassert, while DI+ strength provides a counterweight. Key reference levels: near-term support cluster around the 20-day average ($40.88) and the super trend lower ($38.67), with the 12-day EMA ($41.35) acting as the first dynamic foothold. Volatility sits modestly elevated versus the 20-day standard deviation, so range compression or a shallow pullback represents the higher-probability path over the next six weeks rather than a sustained trending move.

About Gold Fields Limited

Gold Fields Limited (NYSE:GFI) is a prominent player in the global mining industry, primarily focused on gold production. With a rich history dating back to 1887, the company has established itself as a leader in the extraction and exploration of precious metals. Headquartered in Sandton, South Africa, Gold Fields operates an impressive portfolio of assets across several continents, including significant mining operations in Chile, South Africa, Ghana, Canada, Australia, and Peru. The company is committed to sustainable and responsible mining practices, ensuring that its operations contribute positively to the communities and environments in which they operate. Beyond gold, Gold Fields also explores for copper and silver, diversifying its resource base and enhancing its growth potential. Gold Fields is dedicated to innovation and efficiency, leveraging cutting-edge technology to optimize its mining processes and reduce environmental impact. With a strategic focus on long-term value creation, the company continues to invest in exploration and development projects, ensuring a robust pipeline of future opportunities. As a publicly traded entity on the New York Stock Exchange, Gold Fields offers investors a chance to participate in the dynamic and lucrative world of precious metals, backed by a legacy of excellence and a forward-looking approach.



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