Caprock Group LLC Grows Stock Holdings in New Gold Inc. (NYSE:NGD)

Caprock Group LLC boosted its stake in shares of New Gold Inc. (NYSE:NGD - Free Report) by 118.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,745,627 shares of the company's stock after buying an additional 945,453 shares during the quarter. Caprock Group LLC owned approximately 0.22% of New Gold worth $4,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in New Gold by 941.8% during the 3rd quarter. Allworth Financial LP now owns 10,418 shares of the company's stock valued at $30,000 after buying an additional 9,418 shares in the last quarter. Eastern Bank bought a new stake in shares of New Gold in the 3rd quarter valued at about $33,000. DGS Capital Management LLC bought a new stake in shares of New Gold in the 4th quarter valued at about $30,000. NorthCrest Asset Manangement LLC bought a new stake in shares of New Gold in the 3rd quarter valued at about $58,000. Finally, Morton Capital Management LLC CA raised its holdings in shares of New Gold by 18.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 31,494 shares of the company's stock valued at $91,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 42.82% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of New Gold from a "hold" rating to a "buy" rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $3.41.

New Gold Stock Up 5.4 %

Shares of New Gold stock traded up $0.16 on Tuesday, reaching $3.05. The stock had a trading volume of 14,465,406 shares, compared to its average volume of 11,244,140. The company has a 50 day moving average price of $2.73 and a 200 day moving average price of $2.67. The company has a quick ratio of 0.84, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. New Gold Inc. has a 1 year low of $1.09 and a 1 year high of $3.25. The stock has a market capitalization of $2.41 billion, a P/E ratio of 152.25 and a beta of 1.36.

New Gold Profile

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.