XTX Topco Ltd Raises Holdings in New Gold Inc. (NYSE:NGD)

XTX Topco Ltd boosted its holdings in shares of New Gold Inc. (NYSE:NGD - Free Report) by 294.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 488,959 shares of the company's stock after acquiring an additional 365,079 shares during the period. XTX Topco Ltd owned 0.06% of New Gold worth $1,408,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of New Gold during the 2nd quarter worth approximately $458,000. U S Global Investors Inc. boosted its stake in New Gold by 3.3% during the second quarter. U S Global Investors Inc. now owns 2,993,831 shares of the company's stock worth $6,260,000 after buying an additional 96,487 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in New Gold in the 2nd quarter valued at $365,000. K.J. Harrison & Partners Inc acquired a new stake in shares of New Gold in the 2nd quarter worth $602,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of New Gold by 67.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 122,622 shares of the company's stock worth $242,000 after acquiring an additional 49,246 shares during the period. Hedge funds and other institutional investors own 42.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of New Gold from $2.75 to $3.25 and gave the company a "sector outperform" rating in a report on Tuesday, September 17th. StockNews.com upgraded shares of New Gold from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their price target on shares of New Gold from $3.00 to $3.50 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, New Gold has a consensus rating of "Buy" and a consensus price target of $3.41.

New Gold Trading Up 3.0 %

New Gold stock traded up $0.08 during trading on Monday, hitting $2.91. The company had a trading volume of 9,457,193 shares, compared to its average volume of 8,238,595. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 145.25 and a beta of 1.32. The company has a current ratio of 1.42, a quick ratio of 0.84 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 company's 50 day simple moving average is $2.80 and its 200-day simple moving average is $2.50.

New Gold (NYSE:NGD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. New Gold had a return on equity of 9.38% and a net margin of 2.33%. The business had revenue of $252.00 million during the quarter. As a group, analysts expect that New Gold Inc. will post 0.18 EPS for the current fiscal year.

New Gold Company 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.