Kiker Wealth Management LLC Takes $161,000 Position in Gold Fields Limited $GFI

Kiker Wealth Management LLC acquired a new position in shares of Gold Fields Limited (NYSE:GFI) during the 2nd quarter, Holdings Channel reports. The fund acquired 6,810 shares of the company’s stock, valued at approximately $161,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in Gold Fields by 1.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company’s stock worth $99,567,000 after acquiring an additional 45,171 shares during the last quarter. Amundi boosted its stake in Gold Fields by 17.8% during the 1st quarter. Amundi now owns 3,661,529 shares of the company’s stock worth $82,934,000 after acquiring an additional 554,160 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Gold Fields by 122.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,308,969 shares of the company’s stock worth $78,323,000 after acquiring an additional 1,822,689 shares during the last quarter. American Century Companies Inc. boosted its stake in Gold Fields by 6.0% during the 1st quarter. American Century Companies Inc. now owns 3,154,846 shares of the company’s stock worth $69,691,000 after acquiring an additional 178,842 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Gold Fields by 21.5% during the 1st quarter. Deutsche Bank AG now owns 2,642,663 shares of the company’s stock worth $58,376,000 after acquiring an additional 467,579 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Up 6.5%

NYSE GFI opened at $43.67 on Tuesday. Gold Fields Limited has a 12-month low of $12.98 and a 12-month high of $43.70. The company 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. 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 disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were issued a $0.3993 dividend. This represents a dividend yield of 130.0%. This is a boost from Gold Fields’s previous semi-annual dividend of $0.38. The ex-dividend date was Friday, September 12th. Gold Fields’s dividend payout ratio is 27.23%.

Analyst Ratings Changes

Several research firms recently weighed in on GFI. Investec lowered shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday. Capital One Financial set a $32.00 price target on shares of Gold Fields in a research note on Friday, August 22nd. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $39.00 price target on shares of Gold Fields in a research note on Monday. BMO Capital Markets lifted their price target on shares of Gold Fields from $24.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Finally, HSBC reaffirmed a “hold” rating on shares of Gold Fields in a research note on Thursday. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.63.

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.