Gold Fields Limited (NYSE:GFI) Short Interest Update

Gold Fields Limited (NYSE:GFI) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 9,324,075 shares, an increase of 35.6% from the January 15th total of 6,875,997 shares. Based on an average trading volume of 4,954,400 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 4,954,400 shares, the short-interest ratio is currently 1.9 days.

Gold Fields Trading Down 5.8%

NYSE:GFI traded down $3.17 during midday trading on Tuesday, reaching $51.43. 3,352,483 shares of the stock traded hands, compared to its average volume of 3,630,202. Gold Fields has a 12 month low of $17.64 and a 12 month high of $61.64. The company has a fifty day moving average of $49.05 and a 200 day moving average of $41.82.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on shares of Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley cut shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Citigroup raised their target price on Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Institutional Investors Weigh In On Gold Fields

A number of large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its position in 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 purchasing an additional 2,545,579 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Gold Fields by 69.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,384,047 shares of the company’s stock worth $191,407,000 after purchasing an additional 1,794,124 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Gold Fields by 39.2% during 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 in the last quarter. Invesco Ltd. lifted 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 buying an additional 1,217,594 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Gold Fields by 3.4% in 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 in the last quarter. Institutional investors own 24.81% of the company’s stock.

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.