The fair value estimate for Gold Fields has been lowered from ZAR914.75 to ZAR717.63, reflecting updated gold and silver price assumptions, margin pressure, and revised P/E multiples. JPMorgan cut its price target to US$55 from US$75 but maintained an Overweight rating, while RBC Capital trimmed its target to US$49 from US$50 with an Outperform rating, noting near-record margins for gold producers. Scotiabank lowered its target to US$52 from US$60 with a Sector Perform rating after revising gold and silver price forecasts for 2026 and 2027. Forecast revenue growth for Gold Fields shifted from 13.40% to 11.81%, the profit margin assumption eased from 35.01% to 34.89%, the future P/E multiple was adjusted from 18.71x to 15.45x, and the discount rate moved from 19.26% to 19.40%.
Gold Fields Ltd ADRAnalyst target cuts and lowered fair value estimate reflect reduced price assumptions and margin pressure, negatively impacting Gold Fields.
JPMorgan Chase & Co