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

Gold Fields Limited (NYSE:GFI) was the recipient 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 daily volume of 2,610,000 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On Gold Fields

A number of hedge funds have recently added to or reduced their stakes in GFI. Vanguard Personalized Indexing Management LLC increased its holdings in Gold Fields by 13.2% in the second 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. XTX Topco Ltd bought a new stake in Gold Fields in the second quarter worth approximately $1,296,000. MQS Management LLC bought a new stake in Gold Fields in the second quarter worth approximately $225,000. Sei Investments Co. increased its holdings in Gold Fields by 258.0% in the second quarter. Sei Investments Co. now owns 440,848 shares of the company’s stock worth $6,569,000 after purchasing an additional 317,719 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Gold Fields in the second quarter worth approximately $1,898,000. 24.81% of the stock is currently owned by institutional investors.

Gold Fields Stock Up 1.4 %

Gold Fields stock opened at $15.30 on Friday. The stock’s 50 day moving average is $14.25 and its 200 day moving average is $15.24. Gold Fields has a one year low of $12.28 and a one year high of $18.97.

Analyst Ratings Changes

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

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.