Short Interest in Gold Fields Limited (NYSE:GFI) Declines By 8.1%

Gold Fields Limited (NYSE:GFI) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 9,960,000 shares, a decline of 8.1% from the July 15th total of 10,840,000 shares. Based on an average daily volume of 3,010,000 shares, the short-interest ratio is presently 3.3 days.

Institutional Investors Weigh In On Gold Fields

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning grew its position in shares of Gold Fields by 15.2% during the 2nd quarter. Creative Planning now owns 54,242 shares of the company’s stock worth $808,000 after buying an additional 7,155 shares during the period. Mackenzie Financial Corp grew its holdings in Gold Fields by 28.7% in the second quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after purchasing an additional 581,730 shares during the period. AQR Capital Management LLC increased its stake in Gold Fields by 8.0% in the second quarter. AQR Capital Management LLC now owns 49,462 shares of the company’s stock valued at $737,000 after purchasing an additional 3,673 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Gold Fields during the second quarter valued at about $1,898,000. Finally, Sei Investments Co. boosted its position in shares of Gold Fields by 258.0% during the 2nd 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. 26.02% of the stock is currently owned by institutional investors.

Gold Fields Stock Performance

Shares of Gold Fields stock opened at $16.51 on Monday. The company has a market cap of $14.78 billion, a P/E ratio of 8.25 and a beta of 1.16. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $15.66 and a two-hundred day moving average price of $15.61. Gold Fields has a 1-year low of $10.31 and a 1-year high of $18.97.

Wall Street Analysts Forecast Growth

GFI has been the subject of several analyst reports. StockNews.com raised Gold Fields from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $13.50 to $14.00 in a research report on Wednesday, June 26th. Scotiabank cut their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.90.

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.