Gold Fields Limited (NYSE:GFI) Short Interest Update

Gold Fields Limited (NYSE:GFI) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 9,170,000 shares, a growth of 20.0% from the August 15th total of 7,640,000 shares. Based on an average daily trading volume, of 3,460,000 shares, the short-interest ratio is presently 2.7 days.

Hedge Funds Weigh In On Gold Fields

Several institutional investors have recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Gold Fields by 15.2% in the second quarter. Creative Planning now owns 54,242 shares of the company’s stock valued at $808,000 after purchasing an additional 7,155 shares during the period. Mackenzie Financial Corp lifted its holdings in Gold Fields by 28.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,609,289 shares of the company’s stock worth $38,878,000 after buying an additional 581,730 shares in the last quarter. AQR Capital Management LLC boosted its position in Gold Fields by 8.0% in the 2nd quarter. AQR Capital Management LLC now owns 49,462 shares of the company’s stock valued at $737,000 after buying an additional 3,673 shares during the period. Marshall Wace LLP acquired a new position in shares of Gold Fields in the second quarter worth $1,898,000. Finally, Sei Investments Co. increased its position in shares of Gold Fields by 258.0% during the second quarter. Sei Investments Co. now owns 440,848 shares of the company’s stock worth $6,569,000 after acquiring an additional 317,719 shares during the period. 26.02% of the stock is owned by institutional investors and hedge funds.

Gold Fields Stock Down 0.5 %

NYSE:GFI traded down $0.07 during trading hours on Tuesday, reaching $14.45. 3,014,547 shares of the stock were exchanged, compared to its average volume of 3,820,947. Gold Fields has a twelve month low of $10.31 and a twelve month high of $18.97. The business has a 50-day moving average of $15.48 and a two-hundred day moving average of $15.74. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.33.

Gold Fields Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be paid a dividend of $0.1692 per share. This represents a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th.

Analysts Set New Price Targets

GFI has been the subject of a number of recent research reports. BMO Capital Markets upgraded shares of Gold Fields from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Scotiabank lowered 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 Monday, August 26th. JPMorgan Chase & Co. cut their target price on Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Finally, Bank of America began coverage on shares of Gold Fields in a research report on Monday. They set a “buy” rating and a $16.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.93.

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.