Gold Fields Limited $GFI Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Gold Fields Limited (NYSE:GFI) by 24.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,136,901 shares of the company’s stock after purchasing an additional 809,816 shares during the quarter. American Century Companies Inc. owned 0.46% of Gold Fields worth $173,584,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in Gold Fields by 84.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,549,220 shares of the company’s stock valued at $131,350,000 after buying an additional 2,545,579 shares during the period. Invesco Ltd. raised its holdings in Gold Fields by 32.9% in the 2nd quarter. Invesco Ltd. now owns 4,919,432 shares of the company’s stock worth $116,443,000 after purchasing an additional 1,217,594 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Gold Fields by 32.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,371,211 shares of the company’s stock valued at $183,416,000 after buying an additional 1,062,242 shares in the last quarter. DJE Kapital AG raised its stake in shares of Gold Fields by 19.7% during the 2nd quarter. DJE Kapital AG now owns 4,511,125 shares of the company’s stock worth $105,260,000 after buying an additional 742,174 shares during the period. Finally, Man Group plc raised its stake in shares of Gold Fields by 68.4% during the 2nd quarter. Man Group plc now owns 1,394,097 shares of the company’s stock worth $32,998,000 after buying an additional 566,386 shares during the period. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Gold Fields Stock Performance

GFI stock opened at $58.85 on Friday. Gold Fields Limited has a 1 year low of $17.64 and a 1 year high of $61.64. The business has a 50 day simple moving average of $51.12 and a 200-day simple moving average of $43.35.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GFI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Zacks Research upgraded shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Wall Street Zen raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Finally, Citigroup boosted their price objective on Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $44.00.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.