American Century Companies Inc. Purchases 178,842 Shares of Gold Fields Limited $GFI

Key Points

• American Century Companies Inc. has increased its holdings in Gold Fields Limited by 6% during the first quarter, now owning approximately 3.15 million shares valued at $69.69 million.
• Other institutional investors, such as Massachusetts Financial Services and Deutsche Bank, have also boosted their stakes in Gold Fields, further indicating strong interest in the stock within the investment community.
• Gold Fields has recently received mixed analyst ratings, with Wall Street Zen downgrading it from "strong-buy" to "buy," while Canaccord Genuity initiated coverage with a "buy" rating and a price target of $33.00.

American Century Companies Inc. increased its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,154,846 shares of the company's stock after purchasing an additional 178,842 shares during the quarter. American Century Companies Inc. owned approximately 0.35% of Gold Fields worth $69,691,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Gold Fields by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,507,327 shares of the company's stock valued at $99,567,000 after buying an additional 45,171 shares in the last quarter. Deutsche Bank AG lifted its stake in Gold Fields by 21.5% in the first quarter. Deutsche Bank AG now owns 2,642,663 shares of the company's stock valued at $58,376,000 after acquiring an additional 467,579 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Gold Fields by 153.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock worth $32,832,000 after acquiring an additional 900,317 shares in the last quarter. Man Group plc grew its position in Gold Fields by 119.9% in the fourth quarter. Man Group plc now owns 1,417,329 shares of the company's stock worth $18,709,000 after acquiring an additional 772,928 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Gold Fields by 7.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,361,933 shares of the company's stock worth $17,978,000 after purchasing an additional 96,244 shares during the last quarter. 24.81% of the stock is owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

Shares of GFI traded up $0.32 during mid-day trading on Thursday, hitting $30.20. The company's stock had a trading volume of 3,034,823 shares, compared to its average volume of 3,022,148. The stock's 50-day moving average is $26.04 and its two-hundred day moving average is $23.02. The firm has a market capitalization of $27.03 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.32 and a beta of 0.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. Gold Fields Limited has a one year low of $12.98 and a one year high of $31.77.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group started coverage on shares of Gold Fields in a report on Monday, July 28th. They issued a "buy" rating and a $33.00 price objective for the company. Wall Street Zen downgraded Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gold Fields currently has a consensus rating of "Hold" and a consensus target price of $22.36.

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.