Gold Fields Limited (NYSE:GFI) Short Interest Update

Gold Fields Limited (NYSE:GFIGet Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 11,850,000 shares, an increase of 15.5% from the February 29th total of 10,260,000 shares. Based on an average trading volume of 4,490,000 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of Gold Fields

A number of hedge funds have recently made changes to their positions in GFI. Van ECK Associates Corp raised its holdings in Gold Fields by 15.1% in the 3rd quarter. Van ECK Associates Corp now owns 46,158,985 shares of the company’s stock valued at $501,287,000 after buying an additional 6,053,995 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Gold Fields by 10.2% during the first quarter. BlackRock Inc. now owns 25,589,382 shares of the company’s stock worth $395,611,000 after purchasing an additional 2,368,601 shares during the period. RWC Asset Advisors US LLC grew its stake in shares of Gold Fields by 19.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 12,810,699 shares of the company’s stock worth $185,243,000 after purchasing an additional 2,070,427 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Gold Fields by 4.5% in the first quarter. Renaissance Technologies LLC now owns 7,350,784 shares of the company’s stock valued at $113,643,000 after purchasing an additional 317,100 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Gold Fields by 118.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,107,356 shares of the company’s stock valued at $78,960,000 after purchasing an additional 2,772,894 shares during the period. 26.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Gold Fields from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Scotiabank reduced their price target on shares of Gold Fields from $15.50 to $15.00 and set a “sector perform” rating on the stock in a research report on Monday, February 26th. Finally, BMO Capital Markets downgraded shares of Gold Fields from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $14.00 to $12.00 in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.67.

Get Our Latest Report on GFI

Gold Fields Stock Up 1.3 %

Shares of GFI stock traded up $0.21 on Tuesday, reaching $16.16. The company had a trading volume of 5,507,961 shares, compared to its average volume of 4,432,160. The business’s 50-day moving average is $14.35 and its 200 day moving average is $13.78. Gold Fields has a one year low of $10.31 and a one year high of $17.78.

Gold Fields (NYSE:GFIGet Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. As a group, equities research analysts anticipate that Gold Fields will post 1.15 EPS for the current fiscal year.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.1717 dividend. This represents a yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17.

About Gold Fields

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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in nine operating mines, as well as gold mineral reserves and mineral resources. The company was founded in 1887 and is based in Sandton, South Africa.

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