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Gold Fields Limited (NYSE:GFI) Sees Significant Decline in Short Interest

Gold Fields Limited (NYSE:GFIGet Rating) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 17,530,000 shares, a decline of 69.4% from the October 31st total of 57,250,000 shares. Based on an average trading volume of 12,400,000 shares, the short-interest ratio is presently 1.4 days.

Gold Fields Price Performance

Shares of NYSE GFI traded down $0.27 during midday trading on Monday, hitting $10.64. 6,095,476 shares of the company traded hands, compared to its average volume of 9,683,130. Gold Fields has a 12-month low of $7.03 and a 12-month high of $17.20. The stock has a 50-day moving average price of $8.86 and a 200 day moving average price of $9.17.

Gold Fields Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 29th. Investors of record on Friday, September 16th were paid a dividend of $0.172 per share. This represents a yield of 3.4%. The ex-dividend date was Thursday, September 15th.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GFI shares. BMO Capital Markets lifted their target price on shares of Gold Fields from $10.50 to $11.50 and gave the stock a “market perform” rating in a research report on Wednesday, November 23rd. StockNews.com cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research report on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Gold Fields presently has an average rating of “Hold” and a consensus price target of $13.40.

Institutional Investors Weigh In On Gold Fields

Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors lifted its stake in shares of Gold Fields by 100.8% in the second quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock worth $25,000 after buying an additional 1,376 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Gold Fields during the second quarter valued at approximately $35,000. Twin Lakes Capital Management LLC purchased a new position in shares of Gold Fields during the third quarter valued at approximately $35,000. Chiron Investment Management LLC purchased a new position in shares of Gold Fields during the first quarter valued at approximately $68,000. Finally, Financial Advocates Investment Management purchased a new position in shares of Gold Fields during the third quarter valued at approximately $339,000. Institutional investors own 26.34% of the company’s stock.

Gold Fields Company Profile

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Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It holds interests in 9 operating mines with an annual gold-equivalent production of approximately 2.34 million ounces, as well as gold mineral reserves of approximately 48.6 million ounces and mineral resources of approximately 111.8 million ounces.

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