Short Interest in Gold Fields Limited (NYSE:GFI) Drops By 8.6%

Gold Fields Limited (NYSE:GFI) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 7,200,000 shares, a decrease of 8.6% from the December 15th total of 7,880,000 shares. Based on an average daily trading volume, of 2,610,000 shares, the days-to-cover ratio is presently 2.8 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GFI. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target 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, Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Gold Fields has a consensus rating of “Hold” and a consensus price target of $16.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC boosted its position in Gold Fields by 13.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company’s stock valued at $318,000 after buying an additional 2,480 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Gold Fields in the 2nd quarter worth approximately $1,296,000. MQS Management LLC bought a new stake in shares of Gold Fields in the 2nd quarter valued at approximately $225,000. Sei Investments Co. raised its position in shares of Gold Fields by 258.0% during the 2nd quarter. Sei Investments Co. now owns 440,848 shares of the company’s stock valued at $6,569,000 after acquiring an additional 317,719 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Gold Fields during the second quarter worth $1,898,000. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Trading Up 1.4 %

GFI opened at $15.30 on Monday. The company has a 50 day moving average of $14.25 and a two-hundred day moving average of $15.24. Gold Fields has a 52-week low of $12.28 and a 52-week high of $18.97.

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.