2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. cut its holdings in shares of New Gold Inc. (NYSE:NGD – Free Report) by 0.
2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,338,864 shares of the company’s stock after selling 4,141 shares during the quarter. JPMorgan Chase & Co.
owned about 0.30% of New Gold worth $5,800,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also made changes to their positions in the company.
American Century Companies Inc. increased its position in New Gold by 3.9% during the 4th quarter.
American Century Companies Inc. now owns 12,250,758 shares of the company’s stock worth $30,577,000 after purchasing an additional 459,317 shares in the last quarter. Hillsdale Investment Management Inc.
grew its stake in New Gold by 97.1% during the fourth quarter. Hillsdale Investment Management Inc.
now owns 9,482,782 shares of the company’s stock worth $23,657,000 after buying an additional 4,671,399 shares during the period. JGP Global Gestao de Recursos Ltda. increased its position in shares of New Gold by 27.
8% in the fourth quarter. JGP Global Gestao de Recursos Ltda. now owns 6,500,000 shares of the company’s stock worth $16,120,000 after acquiring an additional 1,412,003 shares in the last quarter.
Amundi raised its stake in shares of New Gold by 68.6% in the 4th quarter. Amundi now owns 5,877,726 shares of the company’s stock valued at $16,105,000 after acquiring an additional 2,391,764 shares during the period.
Finally, CIBC Asset Management Inc lifted its holdings in shares of New Gold by 3.7% during the 4th quarter. CIBC Asset Management Inc now owns 2,183,620 shares of the company’s stock valued at $5,441,000 after acquiring an additional 78,074 shares in the last quarter.
42.82% of the stock is currently owned by institutional investors and hedge funds. New Gold Stock PerformanceNGD opened at $3.
64 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.
39 and a debt-to-equity ratio of 0.38. New Gold Inc.
has a 12-month low of $1.66 and a 12-month high of $3.86.
The stock’s 50 day moving average price is $3.16 and its two-hundred day moving average price is $2.91.
The firm has a market capitalization of $2.88 billion, a P/E ratio of 28.00 and a beta of 0.
93. Analyst Ratings ChangesSeveral brokerages recently commented on NGD. Raymond James set a $4.
00 target price on New Gold and gave the company a “market perform” rating in a report on Friday, April 4th. CIBC dropped 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 note on Thursday, February 27th. National Bankshares reissued an “outperform” rating on shares of New Gold in a research report on Wednesday, April 2nd. New Street Research set a $3.
90 price target on shares of New Gold in a report on Wednesday, March 26th. Finally, Bank of America upgraded shares of New Gold from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $2.60 to $3.
90 in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.
com, the company presently has a consensus rating of “Buy” and an average target price of $3.85.Read Our Latest Research Report on New GoldAbout 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.Recommended StoriesFive stocks we like better than New GoldStock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be ClosedTariff Exemptions Set the Stage for a Taiwan Semiconductor RallyHow to start investing in penny stocksMitigating Tariffs: 3 Stocks to Gain From a Weaker U.
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