Virtu Financial LLC Has $262,000 Stock Position in New Gold Inc. (NYSE:NGD)

Virtu Financial LLC lessened its holdings in shares of New Gold Inc. (NYSE:NGD - Free Report) by 67.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,660 shares of the company's stock after selling 221,110 shares during the quarter. Virtu Financial LLC's holdings in New Gold were worth $262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd grew its holdings in shares of New Gold by 326.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 59,744 shares of the company's stock valued at $172,000 after acquiring an additional 45,726 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in New Gold by 22.7% in the third quarter. The Manufacturers Life Insurance Company now owns 805,399 shares of the company's stock valued at $2,337,000 after purchasing an additional 148,743 shares in the last quarter. BNP Paribas Financial Markets increased its position in New Gold by 9,360.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,692,614 shares of the company's stock worth $7,755,000 after purchasing an additional 2,664,153 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in shares of New Gold by 115.1% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 241,878 shares of the company's stock worth $701,000 after purchasing an additional 129,447 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of New Gold during the 3rd quarter valued at about $287,000. Hedge funds and other institutional investors own 42.82% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. CIBC cut their price objective on shares of New Gold from $3.60 to $3.40 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Scotiabank raised their price target on shares of New Gold from $3.50 to $4.00 and gave the company a "sector outperform" rating in a report on Thursday, February 13th. Bank of America upgraded shares of New Gold from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $2.60 to $3.90 in a report on Wednesday, March 26th. Finally, National Bank Financial upgraded New Gold to a "strong-buy" rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, New Gold currently has a consensus rating of "Buy" and an average target price of $3.66.

New Gold Stock Performance

New Gold stock traded down $0.03 on Wednesday, reaching $3.62. 21,805,747 shares of the stock were exchanged, compared to its average volume of 10,919,576. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. New Gold Inc. has a twelve month low of $1.66 and a twelve month high of $3.78. The firm has a fifty day moving average price of $3.06 and a two-hundred day moving average price of $2.88. The stock has a market cap of $2.86 billion, a PE ratio of 27.85 and a beta of 1.35.

About New Gold

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.