Gold Fields Limited (NYSE:GFI) Sees Significant Decline in Short Interest

Gold Fields Limited (NYSE:GFI) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 7,200,000 shares, a decrease of 8.6% from the December 15th total of 7,880,000 shares. Based on an average trading volume of 2,610,000 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On Gold Fields

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its position in Gold Fields by 15.2% in the second quarter. Creative Planning now owns 54,242 shares of the company’s stock valued at $808,000 after purchasing an additional 7,155 shares during the last quarter. Bank of Montreal Can boosted its position in Gold Fields by 36.9% during the 3rd quarter. Bank of Montreal Can now owns 263,575 shares of the company’s stock worth $4,280,000 after buying an additional 71,094 shares during the period. CWA Asset Management Group LLC bought a new stake in Gold Fields during the 3rd quarter worth approximately $1,052,000. International Assets Investment Management LLC acquired a new position in Gold Fields in the 3rd quarter valued at approximately $10,600,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Gold Fields by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,155,835 shares of the company’s stock valued at $94,492,000 after acquiring an additional 580,546 shares during the last quarter. Institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

GFI stock opened at $15.30 on Monday. The firm has a 50-day moving average price of $14.25 and a 200-day moving average price of $15.24. Gold Fields has a 12 month low of $12.28 and a 12 month high of $18.97.

Wall Street Analyst Weigh In

GFI has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Gold Fields currently has a consensus rating of “Hold” and an average price target of $16.45.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.