Short Interest in Gold Fields Limited (NYSE:GFI) Declines By 21.6%

Gold Fields Limited (NYSE:GFI) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 6,216,209 shares, a drop of 21.6% from the February 12th total of 7,926,815 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average trading volume of 2,606,777 shares, the short-interest ratio is currently 2.4 days. Based on an average trading volume of 2,606,777 shares, the short-interest ratio is currently 2.4 days. Approximately 1.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Gold Fields

Several hedge funds and other institutional investors have recently modified their holdings of GFI. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Gold Fields by 1.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock worth $786,000 after acquiring an additional 251 shares during the last quarter. Harbour Capital Advisors LLC grew its position in Gold Fields by 0.5% in the 4th quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock valued at $2,201,000 after acquiring an additional 265 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Gold Fields by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,751 shares of the company’s stock worth $338,000 after purchasing an additional 269 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its position in shares of Gold Fields by 24.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock worth $68,000 after purchasing an additional 300 shares during the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GFI. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Gold Fields in a report on Thursday, January 22nd. Morgan Stanley downgraded Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their price target on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen raised shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $44.00.

Gold Fields Stock Performance

Gold Fields stock traded down $5.33 during midday trading on Friday, reaching $45.62. The stock had a trading volume of 5,124,522 shares, compared to its average volume of 2,968,413. Gold Fields has a 52-week low of $19.35 and a 52-week high of $61.64. The company has a fifty day moving average of $52.36 and a 200 day moving average of $44.79.

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.