Short Interest in Gold Fields Limited (GFI) Increases By 40.8%
Gold Fields Limited (NYSE:GFI) was the target of a significant increase in short interest during the month of October. As of October 13th, there was short interest totalling 4,517,884 shares, an increase of 40.8% from the September 29th total of 3,208,392 shares. Based on an average daily volume of 3,332,918 shares, the short-interest ratio is presently 1.4 days.
Several equities research analysts have recently commented on GFI shares. Zacks Investment Research downgraded Gold Fields Limited from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub downgraded Gold Fields Limited from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Morgan Stanley downgraded Gold Fields Limited from an “equal weight” rating to an “underweight” rating in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Gold Fields Limited presently has an average rating of “Hold” and an average price target of $3.41.
Shares of Gold Fields Limited (NYSE GFI) opened at 4.01 on Tuesday. The stock has a market capitalization of $3.29 billion, a P/E ratio of 32.87 and a beta of -1.07. Gold Fields Limited has a 52 week low of $2.60 and a 52 week high of $4.70. The company has a 50-day moving average price of $4.19 and a 200 day moving average price of $3.90.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Gold Fields Limited by 1,114.7% in the first quarter. BlackRock Inc. now owns 57,107,933 shares of the company’s stock valued at $201,591,000 after acquiring an additional 52,406,572 shares during the period. Van ECK Associates Corp grew its stake in Gold Fields Limited by 45.1% in the second quarter. Van ECK Associates Corp now owns 83,505,034 shares of the company’s stock valued at $290,598,000 after acquiring an additional 25,935,929 shares during the period. Majedie Asset Management Ltd grew its stake in Gold Fields Limited by 401.1% in the second quarter. Majedie Asset Management Ltd now owns 23,183,035 shares of the company’s stock valued at $80,677,000 after acquiring an additional 18,557,035 shares during the period. BT Investment Management Ltd acquired a new position in Gold Fields Limited in the second quarter valued at about $6,547,000. Finally, Dimensional Fund Advisors LP grew its stake in Gold Fields Limited by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 34,627,933 shares of the company’s stock valued at $120,477,000 after acquiring an additional 1,033,502 shares during the period. 34.20% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/31/short-interest-in-gold-fields-limited-gfi-increases-by-40-8.html.
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.
Receive News & Ratings for Gold Fields Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Fields Limited and related companies with MarketBeat.com's FREE daily email newsletter.