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

Gold Fields Limited (NYSE:GFI - Get Free Report) saw a significant drop in short interest in 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 short-interest ratio is presently 2.8 days.

Institutional Trading of Gold Fields

Several hedge funds have recently added to or reduced their stakes in GFI. Creative Planning raised its position in Gold Fields by 15.2% in the 2nd 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 raised its holdings 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 acquired a new position in shares of Gold Fields in the third quarter valued at approximately $1,052,000. International Assets Investment Management LLC bought a new stake in shares of Gold Fields during the third quarter worth $10,600,000. Finally, Massachusetts Financial Services Co. MA raised its holdings 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 worth $94,492,000 after acquiring an additional 580,546 shares during the period. Institutional investors own 24.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. 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 note on Wednesday, January 15th. StockNews.com cut Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 5th. Finally, Investec raised shares of Gold Fields from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $16.45.

Gold Fields Trading Up 2.2 %

Gold Fields stock traded up $0.39 during mid-day trading on Wednesday, hitting $18.00. 2,148,211 shares of the company's stock were exchanged, compared to its average volume of 2,552,007. Gold Fields has a 1-year low of $12.28 and a 1-year high of $18.97. The stock has a 50 day moving average of $14.74 and a two-hundred day moving average of $15.28.

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.