Core Viewpoint - The gold mining company Gold Fields (GFI.US) anticipates a nearly twofold increase in profits for the past year, driven by record-high gold prices and increased sales [1] Financial Performance - The company projects its earnings per share for 2025 to be between $3.87 and $4.11, representing a growth of 178% to 196% compared to the previous year [1] - This growth is attributed to a significant rise in gold prices and an increase in gold sales [1] Market Conditions - Last year, gold prices surged nearly 65% due to geopolitical turmoil, prompting investors to seek safe-haven assets [1] - Gold prices continued to rise this year, reaching a historical high of nearly $5,600 on January 29, before retracting some gains [1] Production Data - Gold Fields produced 2.4 million ounces of gold last year, an 18% increase compared to 2024 [1] - The company operates gold mining in Australia, Chile, Ghana, Peru, and South Africa [1]

Core Insights - Gold prices have shown recovery after a sharp decline, closing above $5,000/Oz, supported by geopolitical tensions and a weak U.S. dollar [1][9] - Year-to-date, gold prices have increased nearly 15%, positively impacting gold mining stocks [2][9] - Central banks are actively purchasing gold to bolster reserves amid rising global debt and economic uncertainties [4][5] Gold Mining Stocks - Five notable gold mining stocks include AngloGold Ashanti plc (AU), Gold Fields Ltd. (GFI), New Gold Inc. (NGD), DRDGOLD Ltd. (DRD), and Gold Royalty Corp. (GROY), all carrying favorable Zacks Ranks [3][9] - AngloGold Ashanti (AU) has an expected revenue growth rate of 22.5% and earnings growth rate of 52.9% for the current year, with earnings estimates improving by 8.9% [10][11] - Gold Fields (GFI) is projected to have revenue and earnings growth rates exceeding 100%, with earnings estimates improving by 9.2% [12] - New Gold (NGD) anticipates a revenue growth rate of 10.2% and earnings growth rate over 100%, with earnings estimates improving by 15.5% [13] - DRDGOLD (DRD) expects a revenue growth rate of 67.8% and earnings growth rate over 100%, with earnings estimates improving by more than 100% [14][15] - Gold Royalty Corp. (GROY) forecasts revenue and earnings growth rates exceeding 100%, with earnings estimates improving by 12.5% [16] Market Dynamics - The gold mining industry is facing supply constraints due to a scarcity of new deposits and lengthy exploration processes [6] - Increased industrial demand for gold in sectors like energy and healthcare is expected to contribute to a demand-supply imbalance, further driving gold prices [7]

Core Viewpoint - Gold Fields (GFI) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which significantly impacts stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is a crucial factor for near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that influence stock prices [4]. Company Performance and Investor Sentiment - The upgrade for Gold Fields indicates an improvement in its underlying business, which is expected to drive the stock price higher as investors respond positively to this trend [5][10]. - Over the past three months, the Zacks Consensus Estimate for Gold Fields has increased by 12.6%, reflecting analysts' growing confidence in the company's earnings potential [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Gold Fields' upgrade places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Core Viewpoint - The U.S. stock market experienced a collective decline on January 31, with all three major indices closing lower, indicating a bearish sentiment in the market [1] Group 1: Market Performance - The Dow Jones Industrial Average fell by 0.36%, with a cumulative increase of 1.73% for January [1] - The Nasdaq Composite dropped by 0.94%, accumulating a 0.95% increase for the month [1] - The S&P 500 index decreased by 0.43%, with a total gain of 1.37% in January [1] Group 2: Sector Performance - Technology stocks faced widespread declines, with AMD falling over 6% and Intel dropping more than 4% [1] - Precious metals stocks also saw significant losses, highlighted by the iShares Silver Trust, the largest silver ETF, which fell by 28% [1] - Other notable declines included Coeur Mining, which dropped over 16%, and First Majestic Silver, which fell more than 14% [1]

Core Insights - Gold Fields Limited (GFI) and AngloGold Ashanti Plc. (AU) are prominent global gold producers benefiting from a surge in gold prices exceeding $5,000 per ounce due to safe-haven demand and market uncertainty [1] - Both companies have shown strong production results and positive analyst sentiment, prompting a comparison of their fundamentals to identify the better investment opportunity [1] Group 1: Gold Fields Limited (GFI) - GFI reported a strong third quarter with gold-equivalent production increasing approximately 22% year-over-year to around 621,000 ounces, and a 6% quarter-on-quarter increase [2] - The Salares Norte mine in Chile significantly contributed to production, yielding 112,000 ounces equivalent in the third quarter, with a sequential output increase of 53% [3] - All-in sustaining costs (AISC) were about $1,557 per ounce, down roughly 10% quarter-on-quarter, enhancing margins amid high realized gold prices [4] - GFI's Tarkwa mine in Ghana produced about 123,000 ounces in the third quarter and typically delivers over 500,000 ounces annually [5] - By the end of September 2025, GFI's net debt was $791 million, a decrease of $696 million from the previous quarter, with a debt to capital ratio of 34.8% [6] Group 2: AngloGold Ashanti Plc. (AU) - AU reported a 17% year-on-year increase in gold production to around 768,000 ounces, driven by higher output from key mines [7] - The company sold approximately 764,000 ounces of gold at an average realized price of $3,490 per ounce, leading to higher revenue and improved margins [8] - Total cash costs for AU were roughly $1,225 per ounce, with AISC increasing to $1,720 per ounce [8] - AU's cash and cash equivalents stood at $2.57 billion at the end of September 2025, with long-term debt of $2.03 billion, resulting in a debt to capital ratio of 17.6% [11] Group 3: Comparative Performance and Valuation - GFI's stock has increased by 240.3% over the past year, while AU's stock has risen by 284.3%, outperforming the Zacks Mining-Gold industry which rose by 168.1% [12] - GFI is trading at a forward 12-month earnings multiple of 4.5X, whereas AU is trading at a lower multiple of 3.81X [14] - The Zacks Consensus Estimate for GFI's fiscal 2026 sales implies a 120% year-over-year growth, while AU's estimates suggest a 23% rise [17][19] - GFI's EPS estimates for fiscal 2026 indicate a 261% year-over-year increase, while AU's EPS is expected to rise by 41.3% [17][19] Group 4: Investment Case - GFI's strong quarter was marked by a 22% production increase, lower AISC, and a significant reduction in net debt, with Salares Norte expected to contribute meaningfully in 2025-2026 [22] - However, AU presents a stronger investment case with higher third-quarter production, superior free cash flow exceeding $1 billion, and a robust balance sheet [23] - AU's growth potential is bolstered by expanded reserves at Geita and modernization efforts at Obuasi, alongside new U.S. exposure through Augusta [23] - Despite AU's stronger financial profile, it trades at a cheaper forward earnings multiple compared to GFI, making it a more compelling buy for investors [23]

Core Insights - Gold Fields Ltd. (GFI) reported a significant increase in gold-equivalent production for Q3 2025, reaching 621,000 ounces, a 22% rise from 510,000 ounces in Q3 2024 [1][8] Production Highlights - The Salares Norte mine in Chile was a key contributor, producing approximately 112,000 ounces of gold-equivalent, which is a 53% sequential increase from 73,000 ounces [2][8] - Tarkwa mine in Ghana contributed 123,000 ounces, reflecting a 15% sequential increase due to higher feed grades and improved processing [3] - Other mines, including Damang, South Deep, Gruyere, and St Ives, maintained solid production levels, supporting overall portfolio growth [3] Cost Metrics - GFI's stronger production output led to improved cost metrics, with All-in Costs (AIC) at $1,835 per ounce and All-in Sustaining Costs (AISC) at $1,557 per ounce for the quarter [4][8] Peer Comparison - Allied Gold Corporation (AAUC) reported a production increase to 87,020 ounces, up from 85,147 ounces year-over-year, with AISC at $2,092 per ounce and AIC at $2,383 per ounce [5] - AngloGold Ashanti plc. (AU) achieved 768,000 ounces of gold-equivalent production, a 17% increase from 657,000 ounces, with AISC at $1,720 per ounce and AIC at $1,225 per ounce [6] Market Performance - GFI shares have increased by 240.3% over the year, outperforming the industry average increase of 168.1% [7] Valuation Metrics - GFI is currently trading at a forward 12-month price-to-sales ratio of 4.5X, which is higher than the industry average of 4.08X [10] Earnings Estimates - The Zacks Consensus Estimate for GFI's earnings implies a year-over-year growth of 261% for 2026, followed by a decline of 16% in 2027 [11]

Company Performance - Gold Fields (GFI) closed at $53.22, reflecting a +1.93% increase from the previous day, outperforming the S&P 500's daily gain of 0.03% [1] - Over the past month, Gold Fields shares have increased by 13.48%, surpassing the Basic Materials sector's gain of 8.78% and the S&P 500's gain of 0.6% [1] Earnings Estimates - The Zacks Consensus Estimates project Gold Fields' earnings for the full year at $4.73 per share and revenue at $11.19 billion, indicating increases of +258.33% and +115.13% from the prior year, respectively [2] Analyst Sentiment - Recent changes to analyst estimates for Gold Fields are crucial, as upward revisions indicate analysts' positive outlook on the company's business operations and profit generation capabilities [3] Valuation Metrics - Gold Fields is currently trading at a Forward P/E ratio of 11.04, which is below the industry average Forward P/E of 14.83 [6] - The company's PEG ratio stands at 0.21, compared to the Mining - Gold industry's average PEG ratio of 0.45 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 41, placing it in the top 17% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Gold Fields Limited has been downgraded by Morgan Stanley from Equal Weight to Underweight, despite showing resilience in its stock performance [1][6] Group 1: Stock Performance - Gold Fields' stock closed at $51.30, reflecting a 3.01% decrease from the previous day, while the broader market indices rose by over 1% [2] - Over the past month, Gold Fields' stock has surged by 14.56%, outperforming the Basic Materials sector's gain of 8.74% [2] - The stock has experienced fluctuations, with a low of $50.52 and a high of $52.70 on the day of reporting, and a yearly range between $15.97 and $55.39 [4][6] Group 2: Earnings Expectations - Zacks Consensus Estimates project earnings of $4.73 per share and revenue of $11.19 billion for the fiscal year, indicating substantial increases of 258.33% and 115.13% compared to the previous year [3] - Analyst estimate revisions suggest evolving short-term business trends, indicating adjustments based on recent performance and market conditions [5]

Company Performance - Gold Fields (GFI) closed at $51.30, reflecting a -3.01% change from the previous day, underperforming the S&P 500 which gained 1.16% [1] - The stock has increased by 14.56% over the past month, outperforming the Basic Materials sector's gain of 8.74% and the S&P 500's loss of 0.42% [1] Earnings Estimates - Zacks Consensus Estimates project Gold Fields to report earnings of $4.73 per share and revenue of $11.19 billion for the fiscal year, indicating increases of +258.33% and +115.13% from the previous year [2] Analyst Estimates - Recent changes in analyst estimates for Gold Fields reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance and profit potential [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Gold Fields currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [5] Valuation Metrics - Gold Fields has a Forward P/E ratio of 11.18, which is below the industry average Forward P/E of 13.66, and a PEG ratio of 0.22 compared to the Mining - Gold industry's average PEG ratio of 0.44 [6] Industry Overview - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries, indicating strong performance potential [7]

Core Insights - Gold Fields Limited (GFI) shares reached a 52-week high of $53.31, closing at $52.89, reflecting a significant increase of 227.7% over the past year, outperforming the Zacks Mining-Gold industry's rise of 148.1% [1][2][8] Production and Financial Performance - GFI reported a strong third-quarter 2025 performance with gold-equivalent production of 621,000 ounces, marking a 6% quarter-on-quarter and 22% year-on-year increase, driven by the Salares Norte project in Chile, which produced 112,200 ounces, a 53% quarterly increase [5][8] - All-in Sustaining Costs (AISC) decreased by 10% quarter-on-quarter to $1,557 per ounce, while All-in Costs (AIC) fell by 11% to $1,835 per ounce, indicating effective cost management [5] Growth Strategy - GFI's growth strategy includes organic project development and strategic acquisitions, notably the Salares Norte project in Chile and the acquisition of Osisko Mining, which targets 300,000 ounces annually at an AISC of $758 per ounce, with a Final Investment Decision (FID) expected in Q1 2026 [6][8] - The completion of a A$3.7 billion acquisition of Gold Road Resources secures full ownership of the Gruyere mine, which produces 350,000 ounces annually, further enhancing GFI's production capabilities [7]