Gold Fields Limited (NYSE:GFI) Short Interest Update

Gold Fields Limited (NYSE:GFI) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 15,930,000 shares, an increase of 29.3% from the March 31st total of 12,320,000 shares. Based on an average daily volume of 4,530,000 shares, the days-to-cover ratio is currently 3.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Gold Fields in the fourth quarter worth approximately $26,000. Tower Research Capital LLC TRC lifted its stake in Gold Fields by 133.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the company’s stock worth $68,000 after acquiring an additional 2,668 shares in the last quarter. Parallel Advisors LLC boosted its position in Gold Fields by 51.7% during the 4th quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock worth $71,000 after acquiring an additional 1,662 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Gold Fields in the third quarter worth approximately $100,000. Finally, QRG Capital Management Inc. purchased a new position in Gold Fields during the third quarter valued at approximately $116,000. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Trading Up 2.0 %

Shares of GFI opened at $17.89 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.70 and a current ratio of 1.25. Gold Fields has a 12 month low of $10.31 and a 12 month high of $18.97. The stock’s 50-day moving average is $15.67 and its two-hundred day moving average is $14.55.

Gold Fields (NYSE:GFI) last released its earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.10. On average, research analysts anticipate that Gold Fields will post 1.53 earnings per share for the current fiscal year.

Gold Fields Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.1717 per share. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, March 14th. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GFI. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. UBS Group cut Gold Fields from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. BMO Capital Markets lowered Gold Fields from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $14.00 to $12.00 in a report on Friday, February 2nd. Finally, Scotiabank decreased their price target on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.67.

About Gold Fields

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.