Gold Fields Limited (NYSE:GFI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 11,821,718 shares, an increase of 52.6% from the June 15th total of 7,744,818 shares. Based on an average daily volume of 10,149,387 shares, the short-interest ratio is currently 1.2 days.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Gold Fields Limited from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Tuesday, June 6th. Royal Bank Of Canada lowered Gold Fields Limited from a “sector perform” rating to an “underperform” rating in a report on Monday, April 24th. BidaskClub upgraded Gold Fields Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, HSBC Holdings plc lowered Gold Fields Limited from a “hold” rating to a “reduce” rating in a report on Wednesday, April 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Gold Fields Limited presently has an average rating of “Hold” and a consensus price target of $3.71.

Shares of Gold Fields Limited (NYSE:GFI) opened at 3.81 on Tuesday. The firm has a market capitalization of $3.13 billion, a P/E ratio of 19.05 and a beta of -1.06. The firm’s 50-day moving average price is $3.66 and its 200-day moving average price is $3.43. Gold Fields Limited has a 12-month low of $2.60 and a 12-month high of $6.60.

A number of hedge funds have recently modified their holdings of GFI. Van ECK Associates Corp raised its stake in shares of Gold Fields Limited by 17.4% in the first quarter. Van ECK Associates Corp now owns 57,569,105 shares of the company’s stock worth $203,219,000 after buying an additional 8,520,711 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in shares of Gold Fields Limited by 237.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 65,032 shares of the company’s stock worth $196,000 after buying an additional 45,772 shares in the last quarter. Creative Planning raised its stake in shares of Gold Fields Limited by 511.5% in the first quarter. Creative Planning now owns 34,245 shares of the company’s stock worth $121,000 after buying an additional 28,645 shares in the last quarter. Malaga Cove Capital LLC bought a new stake in shares of Gold Fields Limited during the first quarter worth $616,000. Finally, Comerica Bank raised its stake in shares of Gold Fields Limited by 18.6% in the fourth quarter. Comerica Bank now owns 47,091 shares of the company’s stock worth $162,000 after buying an additional 7,382 shares in the last quarter. Hedge funds and other institutional investors own 33.28% of the company’s stock.

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About Gold Fields Limited

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

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