American Century Companies Inc. Raises Holdings in Gold Fields Limited (NYSE:GFI)

American Century Companies Inc. increased its stake in shares of Gold Fields Limited (NYSE:GFI) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,976,004 shares of the company’s stock after purchasing an additional 178,973 shares during the period. American Century Companies Inc.’s holdings in Gold Fields were worth $39,283,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GFI. ABC Arbitrage SA acquired a new position in shares of Gold Fields in the fourth quarter worth $1,641,000. Bank of Montreal Can raised its stake in Gold Fields by 36.9% in the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock valued at $4,280,000 after purchasing an additional 71,094 shares during the last quarter. Rhumbline Advisers lifted its holdings in Gold Fields by 4.3% in the 4th quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after purchasing an additional 720 shares in the last quarter. Range Financial Group LLC purchased a new position in Gold Fields in the 4th quarter valued at about $770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Gold Fields during the 3rd quarter worth about $9,911,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GFI. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. JPMorgan Chase & Co. increased their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Finally, Scotiabank lifted their price objective on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.20.

Gold Fields Stock Performance

Shares of GFI stock opened at $20.95 on Friday. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.14. Gold Fields Limited has a one year low of $12.98 and a one year high of $22.18. The company has a 50 day moving average price of $18.83 and a 200 day moving average price of $16.34.

Gold Fields Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.3752 per share. This represents a dividend yield of 1.6%. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. Gold Fields’s dividend payout ratio is presently 25.96%.

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.