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

Gold Fields Limited (NYSE:GFI) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 7,200,000 shares, a decline 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 currently 2.8 days.

Gold Fields Trading Up 1.4 %

Shares of Gold Fields stock opened at $15.30 on Friday. The stock has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $15.24. Gold Fields has a 12-month low of $12.28 and a 12-month high of $18.97.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Investec upgraded Gold Fields from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a report on Wednesday. Finally, StockNews.com downgraded Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.45.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. purchased a new position in Gold Fields in the third quarter worth $160,000. Concurrent Investment Advisors LLC boosted its position in Gold Fields by 8.3% in the third quarter. Concurrent Investment Advisors LLC now owns 11,100 shares of the company’s stock worth $170,000 after purchasing an additional 850 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Gold Fields in the third quarter worth $209,000. MQS Management LLC purchased a new position in Gold Fields in the second quarter worth $225,000. Finally, Rakuten Securities Inc. boosted its position in Gold Fields by 90.7% in the third quarter. Rakuten Securities Inc. now owns 16,562 shares of the company’s stock worth $254,000 after purchasing an additional 7,879 shares during the last quarter. 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.