Gold Fields Limited (NYSE:GFI) Short Interest Update

Gold Fields Limited (NYSE:GFI) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 6,216,209 shares, a decline of 21.6% from the February 12th total of 7,926,815 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 2,606,777 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily volume of 2,606,777 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered shares of Gold Fields from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. Citigroup lifted their price target on shares of Gold Fields from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Zacks Research upgraded Gold Fields from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gold Fields in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Gold Fields from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.00.

Gold Fields Trading Down 2.1%

Shares of GFI traded down $0.99 during trading hours on Tuesday, hitting $46.35. The company had a trading volume of 2,164,345 shares, compared to its average volume of 3,456,215. Gold Fields has a one year low of $19.35 and a one year high of $61.64. The company’s fifty day moving average price is $52.42 and its two-hundred day moving average price is $44.98.

Gold Fields Announces Dividend

The company also recently declared a special dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be issued a $1.4419 dividend. This represents a dividend yield of 633.0%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Millennium Management LLC boosted its stake in Gold Fields by 20.3% in the first quarter. Millennium Management LLC now owns 191,482 shares of the company’s stock valued at $4,230,000 after acquiring an additional 32,343 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Gold Fields by 2,152.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,252 shares of the company’s stock valued at $50,000 after purchasing an additional 2,152 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gold Fields in the 1st quarter worth $236,000. Jones Financial Companies Lllp acquired a new stake in shares of Gold Fields in the 1st quarter worth $268,000. Finally, Savant Capital LLC purchased a new position in Gold Fields during the 2nd quarter worth $301,000. Institutional investors own 24.81% of the company’s stock.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.