Short Interest in Gold Fields Limited (NYSE:GFI) Decreases By 8.6%

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

Wall Street Analyst Weigh In

GFI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective 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. Bank of America initiated coverage on Gold Fields in a research note on Monday, September 16th. They issued a “buy” rating and a $16.00 price objective for the company. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. Scotiabank dropped their price objective on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th. Finally, BMO Capital Markets raised Gold Fields from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $13.50 to $14.00 in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Gold Fields currently has a consensus rating of “Hold” and an average price target of $15.93.

Institutional Investors Weigh In On Gold Fields

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Gold Fields by 145.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,129,278 shares of the company’s stock valued at $16,329,000 after buying an additional 669,819 shares during the last quarter. Range Financial Group LLC bought a new position in shares of Gold Fields during the second quarter valued at approximately $1,243,000. RWC Asset Management LLP grew its stake in Gold Fields by 10.0% in the second quarter. RWC Asset Management LLP now owns 3,588,984 shares of the company’s stock worth $53,476,000 after purchasing an additional 324,885 shares in the last quarter. Capital Wealth Planning LLC bought a new position in Gold Fields in the second quarter worth approximately $2,390,000. Finally, Caprock Group LLC grew its stake in Gold Fields by 836.6% in the second quarter. Caprock Group LLC now owns 110,299 shares of the company’s stock worth $1,643,000 after purchasing an additional 98,523 shares in the last quarter. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Trading Up 6.4 %

GFI stock traded up $0.99 during midday trading on Tuesday, reaching $16.34. 3,209,534 shares of the company traded hands, compared to its average volume of 3,796,271. Gold Fields has a 52-week low of $10.31 and a 52-week high of $18.97. 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 business has a 50 day moving average of $15.27 and a 200-day moving average of $15.77. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 0.56 and a beta of 1.17.

Gold Fields Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a dividend of $0.1692 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 2.2%. Gold Fields’s dividend payout ratio (DPR) is presently 14.84%.

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.