Walleye Capital LLC Has $463,000 Holdings in New Gold Inc. (NYSE:NGD)

Walleye Capital LLC boosted its position in shares of New Gold Inc. (NYSE:NGD - Free Report) by 87.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,765 shares of the company's stock after acquiring an additional 87,270 shares during the quarter. Walleye Capital LLC's holdings in New Gold were worth $463,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NGD. Mariner LLC raised its holdings in shares of New Gold by 705.8% in the 4th quarter. Mariner LLC now owns 132,498 shares of the company's stock valued at $329,000 after purchasing an additional 116,054 shares during the period. Raymond James Financial Inc. bought a new stake in New Gold in the fourth quarter valued at approximately $1,918,000. Bank of Nova Scotia acquired a new stake in shares of New Gold in the fourth quarter valued at approximately $68,000. Renaissance Technologies LLC boosted its stake in shares of New Gold by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 25,146,246 shares of the company's stock worth $62,363,000 after acquiring an additional 2,619,782 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of New Gold by 3.6% during the 4th quarter. Invesco Ltd. now owns 13,481,005 shares of the company's stock worth $33,433,000 after acquiring an additional 469,748 shares during the last quarter. Institutional investors and hedge funds own 42.82% of the company's stock.

New Gold Price Performance

NGD stock traded down $0.07 during midday trading on Friday, reaching $3.39. The company had a trading volume of 21,416,944 shares, compared to its average volume of 12,014,095. New Gold Inc. has a 1-year low of $1.73 and a 1-year high of $3.86. The stock has a 50 day moving average price of $3.22 and a 200-day moving average price of $2.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 26.08 and a beta of 0.93.

Wall Street Analysts Forecast Growth

NGD has been the subject of several research reports. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and raised their price target for the company from $2.60 to $3.90 in a report on Wednesday, March 26th. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares reiterated an "outperform" rating on shares of New Gold in a research note on Wednesday, April 2nd. Scotiabank reissued an "outperform" rating on shares of New Gold in a report on Monday, April 14th. Finally, CIBC decreased their price target on shares of New Gold from $3.60 to $3.40 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $3.85.

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.