Gold Fields Limited (NYSE:GFI) Short Interest Down 8.6% in December

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Investec upgraded shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Gold Fields presently has a consensus rating of “Hold” and an average price target of $16.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in Gold Fields by 42.3% in the 4th quarter. SG Americas Securities LLC now owns 87,990 shares of the company’s stock valued at $1,161,000 after acquiring an additional 26,143 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in Gold Fields by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company’s stock valued at $279,000 after purchasing an additional 2,014 shares during the last quarter. Range Financial Group LLC bought a new stake in Gold Fields during the fourth quarter worth approximately $770,000. CWA Asset Management Group LLC grew its position in Gold Fields by 13.5% in the fourth quarter. CWA Asset Management Group LLC now owns 77,825 shares of the company’s stock worth $1,027,000 after buying an additional 9,261 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Gold Fields by 70.0% in the third quarter. Franklin Resources Inc. now owns 37,129 shares of the company’s stock valued at $579,000 after buying an additional 15,289 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Up 1.4 %

Shares of NYSE GFI opened at $15.30 on Monday. Gold Fields has a 1 year low of $12.28 and a 1 year high of $18.97. The stock has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $15.24.

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.