Short Interest in Gold Fields Limited (NYSE:GFI) Drops By 12.5%

Gold Fields Limited (NYSE:GFI - Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 4,760,000 shares, a drop of 12.5% from the April 30th total of 5,440,000 shares. Based on an average daily volume of 4,130,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.8% of the company's stock are short sold.

Analyst Ratings Changes

A number of research firms have recently weighed in on GFI. HSBC restated a "hold" rating and issued a $21.00 price target on shares of Gold Fields in a report on Thursday, April 17th. Wall Street Zen cut shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Scotiabank raised their price target on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, Hsbc Global Res upgraded shares of Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.56.

Gold Fields Price Performance

GFI traded up $0.51 during trading on Thursday, reaching $25.55. 2,802,117 shares of the company's stock were exchanged, compared to its average volume of 3,631,054. Gold Fields has a 1 year low of $12.98 and a 1 year high of $26.36. The stock has a market capitalization of $22.87 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 0.30 and a beta of 0.57. The company's fifty day simple moving average is $22.42 and its 200-day simple moving average is $18.70.

Institutional Investors Weigh In On Gold Fields

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFI. DJE Kapital AG purchased a new stake in Gold Fields in the 4th quarter worth $33,486,000. Clark Capital Management Group Inc. acquired a new stake in Gold Fields during the 1st quarter worth $49,186,000. Marshall Wace LLP boosted its stake in Gold Fields by 1,594.7% during the 4th quarter. Marshall Wace LLP now owns 2,114,631 shares of the company's stock worth $27,913,000 after purchasing an additional 1,989,849 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Gold Fields during the 1st quarter worth $30,914,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Gold Fields by 153.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,486,280 shares of the company's stock worth $32,832,000 after purchasing an additional 900,317 shares during the last quarter. Hedge funds and other institutional investors own 24.81% of the company's stock.

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.