Walser Wealth Management Company A Ltd Liability Co Purchases 31,377 Shares of Gold Fields Limited $GFI

Key Points

• Walser Wealth Management increased its Gold Fields stake by 28.2% in the third quarter, acquiring 31,377 shares for a total holding of 142,484 shares valued at approximately $5.15 million.
• Institutional investors and hedge funds own 24.81% of Gold Fields. Analyst sentiment is mixed, with five Buy, two Hold, and two Sell ratings, resulting in a consensus rating of Hold and an average price target of $52.21.
• Gold Fields shares opened at $37.11, while the company recently paid a $1.0144 dividend to eligible shareholders. The miner operates gold assets across Ghana, South Africa, Australia, Peru, and Chile.

Walser Wealth Management Company A Ltd Liability Co grew its position in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 28.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,484 shares of the company's stock after purchasing an additional 31,377 shares during the period. Gold Fields makes up about 2.0% of Walser Wealth Management Company A Ltd Liability Co's investment portfolio, making the stock its 9th largest position. Walser Wealth Management Company A Ltd Liability Co's holdings in Gold Fields were worth $5,147,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Gold Fields by 5.2% in the third quarter. GAMMA Investing LLC now owns 6,858 shares of the company's stock valued at $248,000 after purchasing an additional 337 shares during the period. Farther Finance Advisors LLC grew its holdings in Gold Fields by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 14,753 shares of the company's stock valued at $533,000 after purchasing an additional 1,725 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in Gold Fields during the 3rd quarter worth $214,000. QRG Capital Management Inc. increased its stake in Gold Fields by 4.6% during the 2nd quarter. QRG Capital Management Inc. now owns 20,001 shares of the company's stock worth $672,000 after buying an additional 877 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Gold Fields by 11.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,976 shares of the company's stock worth $1,007,000 after buying an additional 3,136 shares during the period. 24.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GFI. Wall Street Zen lowered shares of Gold Fields from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. JPMorgan Chase & Co. decreased their price objective on shares of Gold Fields from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Gold Fields in a research note on Monday, August 31st. Zacks Research downgraded Gold Fields from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada lifted their target price on Gold Fields from $49.00 to $54.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.21.

Gold Fields Stock Up 4.4%

Shares of GFI opened at $37.11 on Friday. The business's 50 day moving average is $41.78 and its two-hundred day moving average is $40.17. Gold Fields Limited has a 52-week low of $31.11 and a 52-week high of $61.64.

Gold Fields Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were paid a $1.0144 dividend. This represents a dividend yield of 450.0%. The ex-dividend date was Friday, September 11th.

About Gold Fields

Gold Fields Limited NYSE: GFI is a global gold mining company engaged in the exploration, development and operation of gold mines. Its primary product is gold, which it produces through a portfolio of underground and open-pit mining operations, along with related processing and refining activities.

The company operates across several major mining regions, including Ghana, South Africa, Australia, Peru and Chile. Its assets include the South Deep mine in South Africa, Tarkwa and Damang in Ghana, St Ives, Agnew, Granny Smith and the Gruyere joint venture in Australia, Cerro Corona in Peru, and Salares Norte in Chile.

Gold Fields traces its origins to the South African gold-mining industry in the late 19th century and has since expanded into an international mining business.

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