Gold Fields Limited (NYSE:GFI) Short Interest Update

Gold Fields Limited (NYSE:GFI) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 8,380,000 shares, a decline of 8.6% from the August 31st total of 9,170,000 shares. Based on an average daily trading volume, of 3,270,000 shares, the days-to-cover ratio is presently 2.6 days.

Gold Fields Stock Performance

NYSE:GFI traded up $0.99 during mid-day trading on Tuesday, reaching $16.34. 3,209,534 shares of the company’s stock were exchanged, compared to its average volume of 3,796,271. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.77. The firm has a market capitalization of $14.62 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. Gold Fields has a one year low of $10.31 and a one year high of $18.97. The business’s fifty day simple moving average is $15.27 and its two-hundred day simple moving average is $15.77.

Gold Fields Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a $0.1692 dividend. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.2%. Gold Fields’s payout ratio is 14.84%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GFI. JPMorgan Chase & Co. dropped their price target on Gold Fields from $17.50 to $16.70 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Bank of America started coverage on shares of Gold Fields in a report on Monday, September 16th. They set a “buy” rating and a $16.00 target price for the company. StockNews.com upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $13.50 to $14.00 in a report on Wednesday, June 26th. Finally, Scotiabank lowered their target price on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.93.

Institutional Investors Weigh In On Gold Fields

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Gold Fields by 78.4% during the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after purchasing an additional 1,361 shares in the last quarter. Parallel Advisors LLC lifted its stake in Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after buying an additional 1,662 shares during the period. LGT Fund Management Co Ltd. bought a new stake in Gold Fields during the 2nd quarter valued at $149,000. Concurrent Investment Advisors LLC bought a new position in Gold Fields during the 2nd quarter valued at $153,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock worth $172,000 after purchasing an additional 1,090 shares during the last quarter. 26.02% of the stock is currently owned by institutional investors.

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.