DGS Capital Management LLC Makes New Investment in New Gold Inc. (NYSE:NGD)

DGS Capital Management LLC acquired a new position in shares of New Gold Inc. (NYSE:NGDFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 12,050 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NGD. BNP Paribas Financial Markets lifted its holdings in New Gold by 9,360.7% during 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. XTX Topco Ltd increased its position in New Gold by 294.7% during the 3rd 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 period. Van ECK Associates Corp lifted its holdings in shares of New Gold by 5.0% during the third quarter. Van ECK Associates Corp now owns 73,884,631 shares of the company’s stock worth $215,743,000 after buying an additional 3,541,882 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of New Gold by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,394,885 shares of the company’s stock valued at $4,670,000 after acquiring an additional 200,799 shares during the period. Finally, Old West Investment Management LLC grew its stake in shares of New Gold by 42.9% in the third quarter. Old West Investment Management LLC now owns 1,000,000 shares of the company’s stock valued at $2,880,000 after acquiring an additional 300,000 shares in the last quarter. Institutional investors and hedge funds own 42.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of New Gold from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $3.41.

Get Our Latest Stock Analysis on NGD

New Gold Stock Up 3.6 %

Shares of NYSE NGD opened at $2.91 on Monday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 145.50 and a beta of 1.34. The stock’s fifty day moving average is $2.71 and its 200 day moving average is $2.65. New Gold Inc. has a 52 week low of $1.09 and a 52 week high of $3.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.42.

New Gold (NYSE:NGDGet Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. New Gold had a net margin of 2.33% and a return on equity of 9.38%. The firm had revenue of $252.00 million for the quarter. Sell-side analysts forecast that New Gold Inc. will post 0.18 earnings per share for the current fiscal year.

About New Gold

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

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