Gold Fields Limited (NYSE:GFI) Short Interest Up 15.5% in March

Gold Fields Limited (NYSE:GFIGet Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 11,850,000 shares, an increase of 15.5% from the February 29th total of 10,260,000 shares. Based on an average daily volume of 4,490,000 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Gold Fields by 136.9% in the fourth quarter. SG Americas Securities LLC now owns 221,921 shares of the company’s stock valued at $3,209,000 after purchasing an additional 128,262 shares during the period. Capricorn Fund Managers Ltd purchased a new position in Gold Fields in the fourth quarter valued at $3,897,000. Wellington Management Group LLP purchased a new position in Gold Fields in the third quarter valued at $2,046,000. Seven Eight Capital LP purchased a new position in Gold Fields in the third quarter valued at $165,000. Finally, CI Investments Inc. boosted its holdings in Gold Fields by 13.5% in the third quarter. CI Investments Inc. now owns 521,536 shares of the company’s stock valued at $5,664,000 after purchasing an additional 61,931 shares during the period. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GFI has been the subject of several recent research reports. BMO Capital Markets cut Gold Fields from a “market perform” rating to an “underperform” rating and cut their price target for the company from $14.00 to $12.00 in a report on Friday, February 2nd. Scotiabank lowered their price objective on Gold Fields from $15.50 to $15.00 and set a “sector perform” rating for the company in a research report on Monday, February 26th. Finally, StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and a consensus target price of $13.67.

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Gold Fields Trading Up 1.3 %

Shares of GFI traded up $0.21 during midday trading on Tuesday, hitting $16.16. 5,507,961 shares of the stock were exchanged, compared to its average volume of 4,432,160. Gold Fields has a 52-week low of $10.31 and a 52-week high of $17.78. The stock has a fifty day simple moving average of $14.35 and a 200 day simple moving average of $13.78.

Gold Fields (NYSE:GFIGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.15 by $0.10. On average, equities analysts expect that Gold Fields will post 1.15 earnings per share for the current year.

Gold Fields Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.1717 per share. This is a positive change from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 14th.

Gold Fields Company Profile

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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.

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