American Century Companies Inc. Cuts Stock Position in Gold Fields Limited (NYSE:GFI)

American Century Companies Inc. reduced its position in Gold Fields Limited (NYSE:GFI) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,665,969 shares of the company’s stock after selling 72,838 shares during the quarter. American Century Companies Inc.’s holdings in Gold Fields were worth $39,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Gold Fields by 145.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock worth $16,329,000 after purchasing an additional 669,819 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of Gold Fields in the 2nd quarter valued at about $1,243,000. RWC Asset Management LLP lifted its stake in shares of Gold Fields by 10.0% in the 2nd quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock valued at $53,476,000 after acquiring an additional 324,885 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Gold Fields by 836.6% in the 2nd quarter. Caprock Group LLC now owns 110,299 shares of the company’s stock valued at $1,643,000 after acquiring an additional 98,523 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in shares of Gold Fields in the 4th quarter valued at about $875,000. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Stock Performance

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

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 26th. Shareholders 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 of this dividend is Friday, September 13th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GFI shares. Scotiabank lowered their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Bank of America started coverage on Gold Fields in a research note on Monday. They issued a “buy” rating and a $16.00 target price for the company. BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $13.50 to $14.00 in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. lowered 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, 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.