Gold Fields Limited (NYSE:GFI) Short Interest Update

Gold Fields Limited (NYSE:GFI) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 7,926,815 shares, a drop of 15.0% from the January 29th total of 9,324,075 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 3,382,373 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 3,382,373 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.4% of the company’s shares are sold short.

Gold Fields Stock Down 0.2%

NYSE:GFI traded down $0.11 during mid-day trading on Wednesday, hitting $51.10. The stock had a trading volume of 1,674,263 shares, compared to its average volume of 3,391,496. Gold Fields has a twelve month low of $18.76 and a twelve month high of $61.64. The stock has a 50-day simple moving average of $51.44 and a two-hundred day simple moving average of $43.79.

Institutional Investors Weigh In On Gold Fields

Several institutional investors have recently modified their holdings of GFI. Penserra Capital Management LLC acquired a new position in shares of Gold Fields during the second quarter worth $26,000. Country Trust Bank purchased a new stake in Gold Fields during the 2nd quarter worth about $26,000. CIBC Private Wealth Group LLC boosted its position in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares in the last quarter. Archer Investment Corp acquired a new stake in shares of Gold Fields during the 3rd quarter worth about $42,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Gold Fields during the third quarter worth approximately $45,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Gold Fields to $45.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. JPMorgan Chase & Co. lifted their price objective on Gold Fields from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Scotiabank raised their target price on Gold Fields from $47.00 to $61.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Citigroup increased their price target on shares of Gold Fields from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Zacks Research raised shares of Gold Fields from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Gold Fields currently has an average rating of “Hold” and a consensus target price of $44.00.

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.