XTX Topco Ltd lessened its stake in New Gold Inc. (NYSE:NGD - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,434 shares of the company's stock after selling 332,525 shares during the quarter. XTX Topco Ltd's holdings in New Gold were worth $388,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. DGS Capital Management LLC acquired a new stake in New Gold during the fourth quarter valued at approximately $30,000. Samalin Investment Counsel LLC bought a new position in New Gold during the fourth quarter worth $32,000. Bank of Nova Scotia acquired a new position in New Gold in the fourth quarter worth $68,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in New Gold during the fourth quarter valued at $74,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of New Gold during the fourth quarter worth $87,000. Institutional investors own 42.82% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on NGD. National Bankshares reaffirmed an "outperform" rating on shares of New Gold in a research report on Wednesday, April 2nd. Raymond James set a $4.00 target price on New Gold and gave the company a "market perform" rating in a report on Friday, April 4th. New Street Research set a $3.90 price target on New Gold in a report on Wednesday, March 26th. Scotiabank restated an "outperform" rating on shares of New Gold in a research note on Monday, April 14th. Finally, National Bank Financial raised New Gold to a "strong-buy" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $3.85.
Get Our Latest Report on NGD
New Gold Trading Down 5.6 %
NYSE:NGD opened at $3.48 on Wednesday. New Gold Inc. has a 1 year low of $1.67 and a 1 year high of $3.86. The business has a fifty day moving average of $3.19 and a 200-day moving average of $2.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 26.73 and a beta of 0.93.
New Gold Profile
(
Free Report)
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.
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