Gold Fields Limited (NYSE:GFI) Short Interest Up 21.4% in March

Gold Fields Limited (NYSE:GFI) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,548,037 shares, a growth of 21.4% from the February 26th total of 6,216,209 shares. Based on an average trading volume of 3,829,788 shares, the short-interest ratio is presently 2.0 days. Approximately 1.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research analysts recently commented on GFI shares. Morgan Stanley cut Gold Fields from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Wall Street Zen raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Scotiabank reduced their price objective on Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Gold Fields in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.88.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GFI. Millennium Management LLC increased its position in shares of Gold Fields by 20.3% in the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after acquiring an additional 32,343 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Gold Fields by 2,152.0% during the first quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock worth $50,000 after purchasing an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gold Fields during the first quarter worth about $236,000. Jones Financial Companies Lllp bought a new stake in shares of Gold Fields in the first quarter worth about $268,000. Finally, Franklin Resources Inc. grew its stake in shares of Gold Fields by 14.0% in the second quarter. Franklin Resources Inc. now owns 36,787 shares of the company’s stock worth $871,000 after purchasing an additional 4,522 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Stock Down 0.3%

GFI stock opened at $42.23 on Tuesday. The firm’s fifty day moving average is $51.15 and its 200 day moving average is $45.45. Gold Fields has a 52 week low of $19.35 and a 52 week high of $61.64.

Gold Fields Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 13th were paid a dividend of $1.4419 per share. This represents a dividend yield of 633.0%. The ex-dividend date of this dividend was Friday, March 13th.

About Gold Fields

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.