Gold Fields Limited (NYSE:GFI – Get Rating) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 10,580,000 shares, a drop of 7.6% from the April 15th total of 11,450,000 shares. Based on an average daily volume of 6,020,000 shares, the days-to-cover ratio is currently 1.8 days.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on GFI shares. JPMorgan Chase & Co. cut shares of Gold Fields from a “neutral” rating to an “underweight” rating in a report on Friday, May 5th. HSBC downgraded shares of Gold Fields from a “hold” rating to a “reduce” rating in a report on Wednesday, May 3rd. Investec downgraded shares of Gold Fields from a “buy” rating to a “hold” rating in a report on Monday, April 17th. Finally, StockNews.com started coverage on shares of Gold Fields in a report on Thursday, March 16th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.
Gold Fields Stock Performance
Shares of NYSE:GFI opened at $15.82 on Tuesday. Gold Fields has a 52 week low of $7.03 and a 52 week high of $17.78. The stock has a market capitalization of $14.14 billion, a P/E ratio of 10.84, a PEG ratio of 1.80 and a beta of 0.90. The firm has a fifty day simple moving average of $13.95 and a two-hundred day simple moving average of $11.83. The company has a quick ratio of 1.33, a current ratio of 2.29 and a debt-to-equity ratio of 0.32.
Gold Fields Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 30th. Shareholders of record on Friday, March 17th were paid a $0.2425 dividend. This is a boost from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. The ex-dividend date was Thursday, March 16th. Gold Fields’s dividend payout ratio (DPR) is presently 26.03%.
Hedge Funds Weigh In On Gold Fields
A number of large investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in Gold Fields by 100.8% in the 2nd quarter. Captrust Financial Advisors now owns 2,741 shares of the company’s stock valued at $25,000 after buying an additional 1,376 shares during the period. Money Concepts Capital Corp purchased a new stake in Gold Fields in the 4th quarter valued at about $31,000. Penserra Capital Management LLC purchased a new stake in Gold Fields in the 3rd quarter valued at about $39,000. Hollencrest Capital Management purchased a new stake in Gold Fields in the 4th quarter valued at about $65,000. Finally, Chiron Investment Management LLC bought a new stake in shares of Gold Fields in the 1st quarter valued at about $68,000. 28.41% of the stock is owned by hedge funds and other institutional investors.
Gold Fields Company Profile
Gold Fields Ltd. is a gold mining company, which engages in the production of gold and operation of mines. Its operating mines are located in Australia, Ghana, Peru, and South Africa. The company was founded on May 03, 1968 and is headquartered in Johannesburg, South Africa.