Short Interest in Gold Fields Ltd. (GFI) Rises By 72.2%
Gold Fields Ltd. (NYSE:GFI) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 8,689,041 shares, a growth of 72.2% from the August 31st total of 5,045,167 shares. Based on an average daily volume of 6,635,196 shares, the days-to-cover ratio is currently 1.3 days.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its position in Gold Fields by 16.2% in the first quarter. Aperio Group LLC now owns 564,828 shares of the company’s stock valued at $2,225,000 after buying an additional 78,790 shares in the last quarter. Pacad Investment Ltd. boosted its position in Gold Fields by 660.3% in the first quarter. Pacad Investment Ltd. now owns 95,800 shares of the company’s stock valued at $377,000 after buying an additional 83,200 shares in the last quarter. Franklin Resources Inc. boosted its position in Gold Fields by 27.5% in the first quarter. Franklin Resources Inc. now owns 65,000 shares of the company’s stock valued at $256,000 after buying an additional 14,000 shares in the last quarter. BlackRock Inc. boosted its position in Gold Fields by 7.5% in the first quarter. BlackRock Inc. now owns 3,591,816 shares of the company’s stock valued at $14,152,000 after buying an additional 250,423 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Gold Fields by 1.3% in the first quarter. BlackRock Group LTD now owns 51,237,463 shares of the company’s stock valued at $201,875,000 after buying an additional 682,389 shares in the last quarter. 36.51% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Gold Fields from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Goldman Sachs Group Inc. upgraded Gold Fields from a “sell” rating to a “neutral” rating in a report on Monday, June 27th. JPMorgan Chase & Co. upgraded Gold Fields from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Macquarie upgraded Gold Fields from a “neutral” rating to an “outperform” rating in a report on Friday, September 2nd. Finally, Citigroup Inc. restated a “sell” rating on shares of Gold Fields in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$5.08.
Gold Fields (NYSE:GFI) opened at 4.85 on Friday. Gold Fields has a one year low of $2.04 and a one year high of $6.60. The company has a 50-day moving average price of $5.43 and a 200-day moving average price of $4.82. The firm’s market cap is $3.98 billion.
The business also recently declared a dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, September 9th were issued a $0.037 dividend. The ex-dividend date was Wednesday, September 7th. This is a boost from Gold Fields’s previous dividend of $0.03. Gold Fields’s dividend payout ratio is currently -12.90%.
About Gold Fields
Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.
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