Ingalls & Snyder LLC Has $181,000 Position in New Gold Inc. (NYSEAMERICAN:NGD)

Ingalls & Snyder LLC increased its position in New Gold Inc. (NYSEAMERICAN:NGDFree Report) by 116.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,842 shares of the basic materials company’s stock after buying an additional 66,667 shares during the quarter. Ingalls & Snyder LLC’s holdings in New Gold were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. increased its position in New Gold by 127.1% during the 1st quarter. Citigroup Inc. now owns 22,707 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 12,707 shares during the period. Dimensional Fund Advisors LP increased its position in New Gold by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 806,010 shares of the basic materials company’s stock valued at $1,451,000 after purchasing an additional 13,914 shares during the period. Bank of New York Mellon Corp increased its position in New Gold by 47.4% during the 1st quarter. Bank of New York Mellon Corp now owns 43,611 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 14,033 shares during the period. UBS Group AG increased its position in New Gold by 4.4% during the 3rd quarter. UBS Group AG now owns 334,796 shares of the basic materials company’s stock valued at $294,000 after purchasing an additional 14,179 shares during the period. Finally, Geode Capital Management LLC increased its position in New Gold by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 262,922 shares of the basic materials company’s stock valued at $286,000 after purchasing an additional 14,420 shares during the period. Institutional investors and hedge funds own 42.82% of the company’s stock.

New Gold Stock Down 2.2 %

Shares of New Gold stock opened at $1.80 on Monday. New Gold Inc. has a 1 year low of $0.86 and a 1 year high of $1.94. The firm has a market cap of $1.24 billion, a PE ratio of -20.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54. The company has a quick ratio of 0.98, a current ratio of 1.54 and a debt-to-equity ratio of 0.51.

New Gold (NYSEAMERICAN:NGDGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). New Gold had a positive return on equity of 5.63% and a negative net margin of 8.20%. The firm had revenue of $199.20 million during the quarter. As a group, equities research analysts expect that New Gold Inc. will post 0.05 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on NGD. Scotiabank raised their price objective on shares of New Gold from $1.65 to $2.00 and gave the stock a “sector perform” rating in a research report on Monday, April 8th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of New Gold in a report on Monday, April 8th. Finally, StockNews.com cut New Gold from a “buy” rating to a “hold” rating in a report on Sunday, January 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1.64.

View Our Latest Analysis on NGD

New Gold Company 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.

Featured Articles

Institutional Ownership by Quarter for New Gold (NYSEAMERICAN:NGD)

Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter.