Gold Fields Limited (NYSE:GFI) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its position in Gold Fields Limited (NYSE:GFI - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,976,004 shares of the company's stock after purchasing an additional 178,973 shares during the quarter. American Century Companies Inc. owned about 0.33% of Gold Fields worth $39,283,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GFI. Amundi increased its holdings in shares of Gold Fields by 7.3% during the fourth quarter. Amundi now owns 3,107,369 shares of the company's stock valued at $44,684,000 after acquiring an additional 211,333 shares in the last quarter. RWC Asset Management LLP increased its stake in Gold Fields by 9.2% during the 4th quarter. RWC Asset Management LLP now owns 2,710,910 shares of the company's stock valued at $35,784,000 after purchasing an additional 227,704 shares in the last quarter. DJE Kapital AG purchased a new position in shares of Gold Fields in the fourth quarter worth $33,486,000. Bamco Inc. NY lifted its position in Gold Fields by 4.8% during the 3rd quarter. Bamco Inc. NY now owns 2,018,817 shares of the company's stock worth $30,989,000 after acquiring an additional 92,571 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Gold Fields by 8.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company's stock worth $21,194,000 after purchasing an additional 122,247 shares during the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have recently commented on GFI shares. StockNews.com raised shares of Gold Fields from a "buy" rating to a "strong-buy" rating in a report on Sunday. JPMorgan Chase & Co. increased their target price on shares of 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 target on Gold Fields from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $17.20.

Gold Fields Stock Up 2.4 %

Shares of Gold Fields stock traded up $0.53 during mid-day trading on Tuesday, reaching $22.62. 1,410,759 shares of the stock traded hands, compared to its average volume of 3,216,333. The business has a 50-day moving average of $19.10 and a 200 day moving average of $16.50. The stock has a market capitalization of $20.25 billion, a PE ratio of 9.63, a PEG ratio of 0.30 and a beta of 1.14. Gold Fields Limited has a fifty-two week low of $12.98 and a fifty-two week high of $23.02.

Gold Fields Increases Dividend

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

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.