Kiker Wealth Management LLC Purchases New Position in Gold Fields Limited $GFI

Key Points

• Kiker Wealth Management LLC purchased a new stake in Gold Fields Limited, acquiring 6,810 shares valued at approximately $161,000 in the second quarter.
• Gold Fields recently announced an increase in its semi-annual dividend to $0.3993, up from $0.38, reflecting a strong dividend yield.
• Analysts have issued mixed ratings on Gold Fields, with one upgrading the stock to a "strong-buy" but most maintaining a "hold" rating, leading to a consensus target price of $27.63.

Kiker Wealth Management LLC purchased a new stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,810 shares of the company's stock, valued at approximately $161,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new position in Gold Fields during the 1st quarter valued at about $26,000. IFP Advisors Inc lifted its holdings in Gold Fields by 672.1% during the 2nd quarter. IFP Advisors Inc now owns 1,552 shares of the company's stock valued at $37,000 after purchasing an additional 1,351 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Gold Fields during the 1st quarter valued at about $44,000. SVB Wealth LLC bought a new position in Gold Fields during the 1st quarter valued at about $48,000. Finally, NewEdge Advisors LLC lifted its holdings in Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company's stock valued at $50,000 after purchasing an additional 2,152 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GFI shares. Investec downgraded shares of Gold Fields from a "buy" rating to a "hold" rating in a report on Friday. Capital One Financial set a $32.00 target price on shares of Gold Fields in a research report on Friday, August 22nd. HSBC reiterated a "hold" rating on shares of Gold Fields in a research report on Thursday. Zacks Research lowered shares of Gold Fields from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a research report 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. Based on data from MarketBeat, Gold Fields has a consensus rating of "Hold" and a consensus target price of $27.63.

Gold Fields Trading Up 6.5%

Shares of NYSE GFI opened at $43.67 on Tuesday. The firm has a market capitalization of $39.09 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 0.41 and a beta of 0.49. Gold Fields Limited has a 1 year low of $12.98 and a 1 year high of $43.70. The firm's 50-day moving average is $36.14 and its 200-day moving average is $27.85.

Gold Fields Increases Dividend

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

Gold Fields 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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