American Century Companies Inc. Sells 72,838 Shares of Gold Fields Limited (NYSE:GFI)

American Century Companies Inc. reduced its holdings in shares of Gold Fields Limited (NYSE:GFI) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,665,969 shares of the company’s stock after selling 72,838 shares during the quarter. American Century Companies Inc. owned approximately 0.30% of Gold Fields worth $39,723,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GFI. GAMMA Investing LLC raised its stake in shares of Gold Fields by 78.4% in the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after buying an additional 1,361 shares during the period. Parallel Advisors LLC raised its stake in shares of Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after buying an additional 1,662 shares during the period. LGT Fund Management Co Ltd. bought a new stake in shares of Gold Fields in the second quarter valued at $149,000. Concurrent Investment Advisors LLC bought a new stake in shares of Gold Fields in the second quarter valued at $153,000. Finally, QRG Capital Management Inc. raised its stake in shares of Gold Fields by 10.3% in the fourth quarter. QRG Capital Management Inc. now owns 11,802 shares of the company’s stock valued at $171,000 after buying an additional 1,101 shares during the period. 26.02% of the stock is currently owned by institutional investors.

Gold Fields Stock Down 0.5 %

Gold Fields stock opened at $14.45 on Wednesday. Gold Fields Limited has a 52 week low of $10.31 and a 52 week high of $18.97. The business has a 50-day simple moving average of $15.46 and a 200 day simple moving average of $15.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77.

Gold Fields Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be given a dividend of $0.1692 per share. This represents a yield of 2.2%. The ex-dividend date is Friday, September 13th.

Analysts Set New Price Targets

Several brokerages have issued reports on GFI. Bank of America began coverage on Gold Fields in a research note on Monday. They issued a “buy” rating and a $16.00 target price on the stock. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. reduced their price target on Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $13.50 to $14.00 in a research report on Wednesday, June 26th. Finally, Scotiabank reduced their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.93.

Gold Fields 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.