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

Walser Wealth Management Company A Ltd Liability Co lifted its stake in shares of Gold Fields Limited (NYSE:GFI) by 28.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,484 shares of the company’s stock after purchasing an additional 31,377 shares during the period. Gold Fields comprises about 2.0% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its 9th biggest holding. 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.

A number of other hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its holdings in Gold Fields by 4.5% in the first quarter. Blue Trust Inc. now owns 4,957 shares of the company’s stock valued at $225,000 after buying an additional 215 shares during the last quarter. Manning & Napier Advisors LLC lifted its holdings in Gold Fields by 0.3% during the 1st quarter. Manning & Napier Advisors LLC now owns 79,680 shares of the company’s stock worth $3,617,000 after buying an additional 241 shares during the last quarter. SmartHarvest Portfolios LLC lifted its holdings in Gold Fields by 5.9% during the 1st quarter. SmartHarvest Portfolios LLC now owns 4,868 shares of the company’s stock worth $221,000 after buying an additional 273 shares during the last quarter. Allworth Financial LP lifted its holdings in Gold Fields by 11.8% during the 2nd quarter. Allworth Financial LP now owns 2,631 shares of the company’s stock worth $88,000 after buying an additional 277 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Gold Fields by 5.2% during the 3rd quarter. GAMMA Investing LLC now owns 6,858 shares of the company’s stock worth $248,000 after buying an additional 337 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Up 4.4%

NYSE GFI opened at $37.11 on Friday. Gold Fields Limited has a one year low of $31.11 and a one year high of $61.64. The company has a 50-day simple moving average of $41.78 and a 200-day simple moving average of $40.17.

Gold Fields Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 24th. Shareholders of record on Friday, September 11th were issued a $1.0144 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a yield of 450.0%.

Analyst Ratings Changes

Several brokerages have recently commented on GFI. The Goldman Sachs Group assumed coverage on Gold Fields in a research report on Thursday. They issued a “neutral” rating and a $38.00 target price for the company. Scotiabank dropped their price target on Gold Fields from $60.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Zacks Research cut Gold Fields from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Wall Street Zen cut Gold Fields from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Gold Fields from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Five investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.21.

Gold Fields Company Profile

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.