Gold Fields Limited (NYSE:GFI - Get Free Report) was the target of a significant 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 short-interest ratio is presently 2.8 days.
Wall Street Analyst Weigh In
GFI has been the subject of several research analyst reports. StockNews.com cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Gold Fields from $17.10 to $18.80 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Investec upgraded shares of Gold Fields from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Gold Fields presently has a consensus rating of "Hold" and an average price target of $16.45.
Check Out Our Latest Report on GFI
Gold Fields Price Performance
Shares of Gold Fields stock traded up $0.21 on Friday, reaching $15.30. 2,788,899 shares of the company's stock were exchanged, compared to its average volume of 1,762,755. Gold Fields has a 52 week low of $12.28 and a 52 week high of $18.97. The firm's 50-day moving average is $14.25 and its two-hundred day moving average is $15.24.
Hedge Funds Weigh In On Gold Fields
Institutional investors and hedge funds have recently modified their holdings of the business. Concurrent Investment Advisors LLC lifted its holdings 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 worth $170,000 after purchasing an additional 850 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Gold Fields by 10.5% in the 4th quarter. Atomi Financial Group Inc. now owns 21,153 shares of the company's stock worth $279,000 after purchasing an additional 2,014 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Gold Fields by 11.1% in the 3rd quarter. Quantinno Capital Management LP now owns 21,205 shares of the company's stock worth $326,000 after purchasing an additional 2,118 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Gold Fields by 1.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 121,770 shares of the company's stock worth $1,929,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Gold Fields by 13.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,319 shares of the company's stock worth $318,000 after purchasing an additional 2,480 shares in the last quarter. 24.81% of the stock is currently owned by institutional investors.
About Gold Fields
(
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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.
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