New Gold Inc. (NYSE:NGD – Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 7,078 call options on the stock. This is an increase of 88% compared to the average volume of 3,773 call options.
Hedge Funds Weigh In On New Gold
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of New Gold by 9,360.7% in the third 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 period. XTX Topco Ltd raised its stake in New Gold by 294.7% during the third quarter. XTX Topco Ltd now owns 488,959 shares of the company’s stock worth $1,408,000 after acquiring an additional 365,079 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in New Gold during the 4th quarter valued at about $87,000. Centiva Capital LP bought a new position in shares of New Gold in the third quarter valued at approximately $595,000. Finally, National Bank of Canada FI boosted its stake in 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 purchasing an additional 442,527 shares in the last quarter. Institutional investors and hedge funds own 42.82% of the company’s stock.
New Gold Stock Down 0.4 %
NYSE:NGD traded down $0.02 during trading hours on Tuesday, reaching $3.35. The company’s stock had a trading volume of 15,331,359 shares, compared to its average volume of 10,118,333. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 25.73 and a beta of 1.35. The business’s 50-day moving average is $2.88 and its 200-day moving average is $2.80. New Gold has a one year low of $1.52 and a one year high of $3.48.
Analyst Ratings Changes
View Our Latest Analysis on New Gold
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.
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