Gold Fields Limited (NYSE:GFI) Short Interest Update

Gold Fields Limited (NYSE:GFI) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 7,926,815 shares, a decrease of 15.0% from the January 29th total of 9,324,075 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 3,382,373 shares, the short-interest ratio is currently 2.3 days. Based on an average daily volume of 3,382,373 shares, the short-interest ratio is currently 2.3 days. Approximately 1.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Gold Fields

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in Gold Fields by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 35,483,903 shares of the company’s stock valued at $1,549,227,000 after acquiring an additional 1,180,634 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Gold Fields by 39.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,085,653 shares of the company’s stock valued at $265,700,000 after acquiring an additional 1,714,442 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 acquiring an additional 2,545,579 shares during the period. Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 1,217,594 shares in the last quarter. Finally, DJE Kapital AG grew its holdings in 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 acquiring an additional 742,174 shares during the last quarter. 24.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup boosted their target price on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Scotiabank boosted their target price on shares of Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Zacks Research raised Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Wall Street Zen upgraded Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Finally, Morgan Stanley cut shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, Gold Fields presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Gold Fields Stock Performance

GFI stock traded down $1.05 during mid-day trading on Thursday, hitting $50.03. The stock had a trading volume of 4,622,960 shares, compared to its average volume of 3,423,654. Gold Fields has a 1-year low of $19.21 and a 1-year high of $61.64. The company has a fifty day moving average of $51.53 and a 200 day moving average of $43.84.

Gold Fields Company 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.