Short Interest in Gold Fields Limited (NYSE:GFI) Declines By 8.6%

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com downgraded shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 5th. Investec raised Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their target price 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.45.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. purchased a new stake in shares of Gold Fields in the 4th quarter valued at approximately $428,000. Rhumbline Advisers lifted its position in shares of Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after buying an additional 720 shares during the last quarter. ABC Arbitrage SA bought a new stake in Gold Fields during the fourth quarter worth approximately $1,641,000. Allspring Global Investments Holdings LLC grew its stake in Gold Fields by 8.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,507,457 shares of the company’s stock valued at $21,194,000 after buying an additional 122,247 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Gold Fields by 78.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,963 shares of the company’s stock worth $7,735,000 after purchasing an additional 257,081 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

GFI traded up $0.44 during trading on Monday, reaching $17.37. 2,874,902 shares of the company were exchanged, compared to its average volume of 2,599,829. The firm has a 50 day moving average of $14.63 and a 200 day moving average of $15.27. Gold Fields has a 52 week low of $12.28 and a 52 week high of $18.97.

Gold Fields Company Profile

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.