Aprio Wealth Management LLC Takes $246,000 Position in Gold Fields Limited $GFI

Key Points

• Aprio Wealth Management LLC invested approximately $246,000 in 11,152 shares of Gold Fields Limited during the first quarter of the year.
• Gold Fields recently increased its semi-annual dividend to $0.3993, marking a boost from the previous payout and reflecting a dividend yield of 130.0%.
• Analysts have given Gold Fields an average rating of "Hold" and set a consensus price target of $25.11, with recent upgrades and downgrades among various financial institutions.

Aprio Wealth Management LLC bought a new position in shares of Gold Fields Limited (NYSE:GFI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,152 shares of the company's stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GFI. Richardson Financial Services Inc. bought a new position in Gold Fields in the 1st quarter worth approximately $26,000. Banque Cantonale Vaudoise bought a new position in Gold Fields in the 1st quarter worth approximately $44,000. SVB Wealth LLC bought a new position in Gold Fields in the 1st quarter worth approximately $48,000. GAMMA Investing LLC boosted its stake in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the period. Finally, Blue Trust Inc. boosted its stake in Gold Fields by 67.1% in the 1st quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock worth $90,000 after purchasing an additional 1,627 shares during the period. 24.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GFI has been the subject of a number of research reports. Canaccord Genuity Group began coverage on Gold Fields in a research report on Monday, July 28th. They set a "buy" rating and a $33.00 target price for the company. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 1st. Capital One Financial set a $32.00 price target on shares of Gold Fields in a research report on Friday, August 22nd. Finally, BMO Capital Markets boosted their price target on shares of Gold Fields from $24.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Gold Fields currently has a consensus rating of "Hold" and an average price target of $25.11.

Gold Fields Trading Up 5.3%

GFI traded up $1.89 during trading on Wednesday, reaching $37.62. The company had a trading volume of 1,629,420 shares, compared to its average volume of 3,402,123. The stock has a market cap of $33.67 billion, a P/E ratio of 16.01, a PEG ratio of 0.38 and a beta of 0.47. The business has a 50 day simple moving average of $28.50 and a 200-day simple moving average of $24.39. Gold Fields Limited has a 52 week low of $12.98 and a 52 week high of $37.68. The company has a quick ratio of 0.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.40.

Gold Fields Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 12th will be given a $0.3993 dividend. This is a boost from Gold Fields's previous semi-annual dividend of $0.38. This represents a yield of 130.0%. The ex-dividend date is Friday, September 12th. Gold Fields's dividend payout ratio is 26.81%.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.