Short Interest in Gold Fields Limited (GFI) Grows By 40.8%

Gold Fields Limited (NYSE:GFI) saw a large growth in short interest during the month of October. As of October 13th, there was short interest totalling 4,517,884 shares, a growth 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 days-to-cover ratio is currently 1.4 days.

Several institutional investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its stake in shares of Gold Fields Limited by 1.5% in the second quarter. Global X Management Co. LLC now owns 36,933 shares of the company’s stock valued at $129,000 after buying an additional 542 shares during the period. CIBC World Markets Inc. increased its stake in shares of Gold Fields Limited by 5.4% in the second quarter. CIBC World Markets Inc. now owns 128,733 shares of the company’s stock valued at $448,000 after buying an additional 6,550 shares during the period. U S Global Investors Inc. increased its stake in shares of Gold Fields Limited by 74.3% in the second quarter. U S Global Investors Inc. now owns 26,148 shares of the company’s stock valued at $104,000 after buying an additional 11,148 shares during the period. Trust Co. of Vermont increased its stake in shares of Gold Fields Limited by 209.0% in the second quarter. Trust Co. of Vermont now owns 41,400 shares of the company’s stock valued at $144,000 after buying an additional 28,000 shares during the period. Finally, Airain ltd increased its stake in shares of Gold Fields Limited by 7.6% in the second quarter. Airain ltd now owns 479,709 shares of the company’s stock valued at $1,669,000 after buying an additional 33,819 shares during the period. 34.20% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on GFI shares. Zacks Investment Research raised shares of Gold Fields Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub raised shares of Gold Fields Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Morgan Stanley lowered shares of Gold Fields Limited from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $3.41.

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Gold Fields Limited Company Profile

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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