Callan Family Office LLC Acquires Shares of 23,138 Gold Fields Limited $GFI

Key Points

• Callan Family Office LLC has acquired a new stake of 23,138 shares in Gold Fields Limited, valued at approximately $548,000, as revealed in their recent SEC filing.
• Gold Fields has announced an increase in its semi-annual dividend to $0.3993, reflecting a 130.0% dividend yield, which was paid on September 25th.
• Current stock ratings show a consensus of "Hold" with an average price target of $27.63, despite recent adjustments from analysts, including a downgrade from Zacks Research.

Callan Family Office LLC acquired a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,138 shares of the company's stock, valued at approximately $548,000.

Other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in shares of Gold Fields in the 1st quarter worth about $26,000. Banque Cantonale Vaudoise bought a new stake in shares of Gold Fields in the 1st quarter worth about $44,000. SVB Wealth LLC bought a new stake in shares of Gold Fields in the 1st quarter worth about $48,000. NewEdge Advisors LLC lifted its holdings in shares of Gold Fields by 2,152.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock worth $50,000 after acquiring an additional 2,152 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 649 shares during the last quarter. Institutional investors own 24.81% of the company's stock.

Gold Fields Stock Down 3.6%

Shares of Gold Fields stock opened at $42.08 on Wednesday. The firm's 50 day moving average price is $36.38 and its 200-day moving average price is $27.95. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $43.69. The company has a market cap of $37.66 billion, a P/E ratio of 17.91, a PEG ratio of 0.44 and a beta of 0.49.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were given a $0.3993 dividend. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend was Friday, September 12th. This is an increase from Gold Fields's previous semi-annual dividend of $0.38. Gold Fields's payout ratio is presently 27.23%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Gold Fields in a report on Wednesday, October 8th. BMO Capital Markets raised 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 note on Monday, August 25th. Zacks Research downgraded shares of Gold Fields from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Capital One Financial set a $32.00 price target on shares of Gold Fields in a research note on Friday, August 22nd. Finally, Wall Street Zen raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.63.

Gold Fields Company Profile

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.

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