Gold Fields Limited (NYSE:GFI) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 5,444,243 shares, a growth of 71.7% from the November 30th total of 3,170,378 shares. Based on an average daily trading volume, of 5,346,654 shares, the short-interest ratio is presently 1.0 days.
A number of analysts recently issued reports on the stock. Deutsche Bank raised shares of Gold Fields from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research raised shares of Gold Fields from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Tuesday, December 26th.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC increased its position in Gold Fields by 86.1% during the second quarter. SG Americas Securities LLC now owns 147,700 shares of the company’s stock worth $514,000 after purchasing an additional 68,325 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Gold Fields by 76.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 412,752 shares of the company’s stock worth $1,436,000 after purchasing an additional 178,235 shares during the last quarter. CIBC World Markets Inc. increased its position in Gold Fields by 5.4% during the second quarter. CIBC World Markets Inc. now owns 128,733 shares of the company’s stock worth $448,000 after purchasing an additional 6,550 shares during the last quarter. AJO LP acquired a new stake in Gold Fields during the second quarter worth about $3,211,000. Finally, BT Investment Management Ltd acquired a new stake in Gold Fields during the second quarter worth about $6,547,000. Institutional investors and hedge funds own 33.73% of the company’s stock.
About Gold Fields
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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