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South African-founded gold miner with operations in South Africa, Ghana, Australia, Peru and Chile.
South African-founded gold miner with operations in South Africa, Ghana, Australia, Peru and Chile.
Sells gold at the market price to refiners, so profit turns on the gold price against the cost of mining each ounce. Mines on several continents mean no one country dominates, though the South African mines are the oldest and deepest. It has been buying elsewhere, including Osisko Mining in Canada and Gold Road in Australia.
Moat: none (scale). Commodity gold producer; internationally diversified mines but no pricing power over gold.
Headquarters: Johannesburg, South Africa · Founded: 1887 · Employees: 6,885
Size Gold Fields Limited Sponsored ADR (GFI) is a United States Materials company (Precious Metals) with a market value of $31.5B, the 351st largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.17 on 6 Nov 2026.
Performance Over six months the shares fell 12.7%, against -11.3% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 71.2% over the last twelve months (peer median +44.1%); the operating margin is 52.6% (peer median 49.1%).
Valuation It trades at 9.2× forward earnings against a peer median of 11.9× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -14% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -32 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 38.9 points above its cost of capital (8.2% WACC).
Short interest Short interest is 0.6% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $11.2B | $8.78B | $5.20B | $4.50B | $4.29B |
| Revenue growth | — | +69% | +16% | +5% | — |
| Gross profit | $6.44B | $4.76B | $2.23B | $1.65B | $1.59B |
| EBITDA | $7.11B | $5.20B | $2.65B | $2.21B | $2.25B |
| Net income | $4.41B | $3.58B | $1.24B | $703M | $711M |
| Free cash flow | $4.50B | $3.12B | $797M | $520M | $645M |
| Capital expenditure | $1.47B | $1.43B | $1.19B | $1.05B | $1.07B |
| Total debt | n/a | $3.22B | $2.95B | $1.67B | $1.47B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Gold Fields Limited Sponsored ADR GFI | $31.5B | -13% | +71% | 53% | 9.2× | -14.1% |
| Anglogold Ashanti AU | $47.0B | -13% | +139% | 51% | 11.7× | -7.7% |
| Harmony Gold Mining Co. Ltd. Sponsored ADR HMY | $9.84B | -3% | +50% | 45% | 5.3× | -14.1% |
| Newmont NEM | $126B | +4% | +23% | 55% | 12.7× | -8.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GFI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | +0.7% | 3rd highest of 21 |
| 6-month return | -12.7% | -11.3% | 11th highest of 21 |
| Distance from 52-week high | -36.5% | -28.0% | 10th lowest of 21 |
| Revenue growth (TTM) | +71.2% | +44.1% | 8th highest of 21 |
| Operating margin | 52.6% | 49.1% | 8th highest of 21 |
| Forward P/E | 9.2× | 11.9× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -14.1% | 4.4% | least demanding of 20 |
| Growth delivered (Del g) | +17.7% | +19.1% | 10th lowest of 20 |
| Hurdle (Req g minus delivered) | -31.8 pp | -16.1 pp | 2nd least demanding of 20 |
| ROIC minus cost of capital | +38.9 pp | +9.7 pp | 2nd highest of 20 |
| EV / EBITDA | 4.5× | 8.6× | cheapest of 17 |
| Net debt / EBITDA | 0.1× | -0.2× | 5th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gold Fields Limited Sponsored ADR GFI | United States | $31.5B | -13% | +71% | 53% | 9.2× | -14.1% | +17.7% |
| Kinross Gold K.TO | Canada | $26.4B | -25% | +30% | 51% | 8.5× | -3.9% | +11.8% |
| Northern Star Resources NST.AX | Australia | $25.3B | +19% | +19% | 35% | 17.8× | 17.5% | +22.5% |
| Fresnillo FRES.L | United Kingdom | $24.9B | -31% | +48% | 59% | 11.8× | -8.2% | +12.6% |
| Royal Gold RGLD | United States | $22.5B | +11% | +94% | 63% | 20.9× | 10.9% | +15.6% |
| Zijin Gold International 2259.HK | Hong Kong | $46.6B | -19% | +106% | 54% | 15.7× | 17.3% | +43.4% |
| Anglogold Ashanti AU | United States | $47.0B | -13% | +139% | 51% | 11.7× | -7.7% | +17.4% |
| Franco-Nevada FNV.TO | Canada | $49.6B | +16% | +72% | 75% | 31.5× | 17.7% | +13.3% |
| Evolution Mining EVN.AX | Australia | $18.3B | -4% | +28% | 42% | 13.4× | 10.8% | +24.4% |
| Pan American Silver PAAS.TO | Canada | $17.2B | -26% | +37% | 39% | 9.5× | 4.4% | +23.0% |
| Lundin Gold LUG.TO | Canada | $17.0B | +7% | +36% | 65% | 16.0× | 9.9% | +39.0% |
| Shandong Gold Mining 600547.SS | China | $16.5B | -24% | +12% | 13% | 18.9× | -5.6% | +10.6% |
| Wheaton Precious Metals WPM.TO | Canada | $62.3B | +7% | +89% | 73% | 29.9× | n/a | n/a |
| Coeur Mining CDE | United States | $15.9B | -17% | +117% | 35% | 12.1× | 10.9% | +21.6% |
| Zhongjin Gold 600489.SS | China | $15.1B | -20% | +25% | 13% | 11.4× | -5.9% | +10.5% |
| Barrick Mining ABX.TO | Canada | $67.2B | 0% | +49% | 52% | 10.9× | -3.0% | +7.0% |
| Endeavour Mining EDV.TO | Canada | $13.7B | -10% | +27% | 47% | 9.3× | -6.5% | +25.4% |
| Equinox Gold EQX.TO | Canada | $13.5B | -17% | +63% | 36% | 9.7× | 21.0% | +17.5% |
| Alamos Gold AGI.TO | Canada | $13.4B | -22% | +41% | 57% | 11.3× | 7.8% | +20.3% |
| Chifeng Jilong Gold Mining 600988.SS | China | $11.6B | -2% | +23% | 43% | 17.4× | -5.7% | +22.6% |
| IAMGOLD IMG.TO | Canada | $10.8B | +6% | +83% | 48% | 9.1× | 1.4% | +19.1% |