American Century Companies Inc. Acquires 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. grew its stake in Gold Fields Limited (NYSE:GFI - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,154,846 shares of the company's stock after acquiring an additional 178,842 shares during the quarter. American Century Companies Inc. owned 0.35% of Gold Fields worth $69,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in shares of Gold Fields in the 1st quarter valued at about $26,000. Banque Cantonale Vaudoise bought a new stake in shares of Gold Fields in the 1st quarter valued at about $44,000. GAMMA Investing LLC increased its stake in shares of Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock valued at $83,000 after acquiring an additional 649 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Gold Fields by 67.1% in the 1st quarter. Blue Trust Inc. now owns 4,053 shares of the company's stock valued at $90,000 after acquiring an additional 1,627 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Gold Fields by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 6,695 shares of the company's stock valued at $148,000 after acquiring an additional 1,298 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen raised Gold Fields from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Canaccord Genuity Group started coverage on Gold Fields in a research note on Monday, July 28th. They issued a "buy" rating and a $33.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Gold Fields has a consensus rating of "Hold" and an average target price of $22.36.

Gold Fields Stock Up 2.9%

NYSE GFI traded up $0.89 during trading hours on Friday, reaching $31.15. 4,160,426 shares of the company's stock were exchanged, compared to its average volume of 3,094,375. The company's 50-day moving average is $26.15 and its two-hundred day moving average is $23.18. Gold Fields Limited has a one year low of $12.98 and a one year high of $31.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The company has a market capitalization of $27.88 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42.

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.