Generali Investments CEE investicni spolecnost a.s. Takes $74,000 Position in New Gold Inc. (NYSE:NGD)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of New Gold Inc. (NYSE:NGD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 30,000 shares of the company’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in New Gold by 9,360.7% during the third quarter. BNP Paribas Financial Markets now owns 2,692,614 shares of the company’s stock valued at $7,755,000 after acquiring an additional 2,664,153 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of New Gold by 294.7% in the third quarter. XTX Topco Ltd now owns 488,959 shares of the company’s stock worth $1,408,000 after buying an additional 365,079 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of New Gold in the fourth quarter worth $87,000. Centiva Capital LP purchased a new position in shares of New Gold in the third quarter worth $595,000. Finally, National Bank of Canada FI raised its holdings in shares of New Gold by 22.9% in the third quarter. National Bank of Canada FI now owns 2,374,142 shares of the company’s stock worth $6,844,000 after buying an additional 442,527 shares during the last quarter. Hedge funds and other institutional investors own 42.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NGD. CIBC decreased their price target on shares of New Gold from $3.60 to $3.40 and set an “outperform” rating for the company in a report on Thursday, February 27th. Scotiabank raised their price target on shares of New Gold from $3.50 to $4.00 and gave the stock a “sector outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $3.60.

New Gold Stock Up 2.8 %

NYSE:NGD opened at $2.90 on Monday. The firm has a market capitalization of $2.29 billion, a P/E ratio of 22.31 and a beta of 1.35. New Gold Inc. has a 1-year low of $1.47 and a 1-year high of $3.25. The company’s fifty day moving average price is $2.81 and its 200-day moving average price is $2.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84.

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.