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

Gold Fields Limited (NYSE:GFI) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 7,200,000 shares, a drop 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.

Gold Fields Trading Up 1.4 %

Shares of Gold Fields stock opened at $15.30 on Monday. Gold Fields has a 12-month low of $12.28 and a 12-month high of $18.97. The business’s 50 day moving average is $14.25 and its 200-day moving average is $15.24.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GFI shares. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Finally, Investec raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gold Fields presently has an average rating of “Hold” and a consensus target price of $16.45.

Institutional Trading of Gold Fields

Institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. bought a new position in Gold Fields in the 3rd quarter valued at about $160,000. Concurrent Investment Advisors LLC grew its position in shares of Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock valued at $170,000 after purchasing an additional 850 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Gold Fields during the third quarter worth approximately $209,000. MQS Management LLC acquired a new stake in Gold Fields during the 2nd quarter worth approximately $225,000. Finally, Rakuten Securities Inc. boosted its stake in Gold Fields by 90.7% in the 3rd quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock valued at $254,000 after purchasing an additional 7,879 shares during the period. Institutional investors own 24.81% of the company’s stock.

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.