GFI Earnings Prediction
The chart below shows how GFI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GFI sees a +6.75% change in stock price 10 days leading up to the earnings, and a -8.13% change 10 days following the report. On the earnings day itself, the stock moves by -7.87%. This data can give you a slight idea of what to expect for the next quarter's release.
GFI Key Earning Data
2024/Q4
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Gross Margin
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GFI Earnings Analysis
Gold Fields Ltd ADR Corporation (GFI.N) Earnings Conference Call
Positive
Dividend Announcement and Commitment: Gold Fields announced a dividend of ZAR0.300, representing 40% of normalized earnings for the half, demonstrating a commitment to returning value to shareholders.
Positive Cash Flow Amid Decline: Despite a 20% decline in production, all operations generated positive adjusted free operating cash flow, significantly supported by higher gold prices, resulting in $320 million in adjusted free cash flow from operations.
Asset Portfolio Enhancement: The acquisition of Osisko Mining consolidates 100% ownership of the Windfall project, enhancing Gold Fields' asset portfolio in a top mining jurisdiction.
Free Cash Flow Surge: Granny Smith mine reported a doubling of adjusted free cash flow to AUD200 million during H1, indicating strong operational performance despite a slight decline in production.
Decarbonization Progress: Gold Fields has made significant progress in its decarbonization efforts, commencing construction of renewable energy plants at St Ives and Granny Smith, contributing to long-term sustainability goals.
Negative
Production Decline Impact: 20% decline in production significantly impacted unit cost performance.
Earnings Decline Due to Production: Normalized earnings decreased by 22% to $355 million due to lower production.
Negative Cash Flow Impact: Adjusted free cash flow resulted in an outflow of $58 million, indicating financial strain.
Production Guidance Downgrade: 2024 production guidance downgraded by 150,000 ounces due to operational headwinds and delays.
Gold Production Decline: Cerro Corona's gold production decreased by 48%, leading to a 197% increase in all-in cost per ounce.
GFI FAQs
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GFI Earning Call Sentiment
Gold Fields Limited (GFI) Q2 2024 Earnings Call Transcript
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GFI.N
-2.6%Positive
The earnings call reveals several negative indicators: downgraded production guidance, increased costs, and operational challenges. Safety and supply chain risks, along with significant capital expenditure and debt levels, further contribute to the negative sentiment. Despite a dividend announcement, the lack of a share buyback program and weak financial performance overshadow positive aspects like renewable energy projects. The absence of unclear management responses in the Q&A does not improve the outlook. Overall, these factors suggest a potential stock price decline of -2% to -8% over the next two weeks.
