Goldman Sachs starts coverage of Gold Fields stock at USD 38

Published on 10/15/2026 at 13:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gold Fields stock costs EUR 32.85 on October 15, 2026 at Lang & Schwarz. Goldman Sachs set a USD 38.00 target on October 14, 2026 for the miner.

Analyst coverage and operating scale

Gold Fields proposed AUD 27.00 per Northern Star share on September 13, 2026.
Revenue reached USD 5.95 billion in the quarter ended June 30, 2026.
Gold Fields stock traded at EUR 32.85 at 1:47 p.m. CEST at Lang & Schwarz on October 15, 2026.

Raubex, ZAE000018123, Illustration mit AI erstellt.

Gold Fields Limited (ISIN ZAE000018123) received a Neutral initiation from Goldman Sachs with a USD 38.00 price target on October 14, 2026, according to Markets Insider. The note cited Gold Fields' diversified asset base while highlighting dependence on Windfall, Tarkwa risk and Australian cost pressure.

Analysts split on valuation

Goldman Sachs' USD 38.00 target contrasts with the USD 54.00 target maintained by RBC Capital Markets on October 14, 2026, as reported by Markets Insider. RBC kept a Buy rating. The gap between the two targets puts analyst assumptions about gold prices, project execution and operating costs at the center of the valuation debate.

What does the USD 38 target imply?

The latest reported quarter ended June 30, 2026. Gold Fields posted revenue of USD 5.95 billion and net profit of USD 1.86 billion, compared with USD 3.49 billion and USD 1.03 billion in the year-earlier quarter, according to Markets Insider. The figures show why the company can support both a growth case and a cost-risk case, but they do not resolve the disagreement between the two analyst targets.

Three milestones shape the story

On August 25, 2026, Gold Fields reported results for the half-year ended June 30, 2026, according to Investing.com. On September 13, 2026, it proposed an offer of AUD 27.00 per Northern Star share. On October 14, 2026, Goldman Sachs initiated coverage with its USD 38.00 target. Gold Fields said the proposal would give Northern Star shareholders approximately 33 percent of the combined group, according to ShareNet.

Next reporting date

Gold Fields is scheduled to publish its third-quarter 2026 results on November 5, 2026, according to Investing.com. That release should provide the next quantified test of production, costs and the growth projects behind the competing targets.

Euro quote remains the daily anchor

Gold Fields is listed on the Johannesburg Stock Exchange under ticker GFI, while its American depositary shares trade on the New York Stock Exchange. The euro quote was EUR 32.85 at Lang & Schwarz on October 15, 2026 at 1:47 p.m. CEST, giving German investors a live reference during the Xetra session.

The further course of trading is shown by the continuously updated real-time quote of Gold Fields stock.