Gold Fields Limited (NYSE:GFI) Short Interest Down 8.6% in January

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Gold Fields

Several institutional investors and hedge funds have recently bought and sold shares of GFI. QRG Capital Management Inc. acquired a new stake in Gold Fields during the 3rd quarter worth about $160,000. Concurrent Investment Advisors LLC grew its stake in shares of Gold Fields by 8.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after buying an additional 850 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Gold Fields during the third quarter worth approximately $209,000. Rhumbline Advisers boosted its position in Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in shares of Gold Fields by 90.7% during the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after buying an additional 7,879 shares during the last quarter. Institutional investors and hedge funds own 24.81% of the company’s stock.

Gold Fields Price Performance

Gold Fields stock traded down $0.31 during midday trading on Friday, hitting $16.97. The company’s stock had a trading volume of 2,197,585 shares, compared to its average volume of 2,317,511. The stock’s 50-day moving average price is $14.63 and its 200-day moving average price is $15.28. Gold Fields has a 12 month low of $12.28 and a 12 month 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.