2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. lessened its position in New Gold Inc. ( NYSE:NGD – Free Report ) by 0.
2% during the 4th quarter, Holdings Channel reports. The firm owned 2,338,864 shares of the company’s stock after selling 4,141 shares during the quarter. JPMorgan Chase & Co.
’s holdings in New Gold were worth $5,800,000 at the end of the most recent reporting period. Other hedge funds also recently modified their holdings of the company. DGS Capital Management LLC acquired a new stake in New Gold in the 4th quarter valued at about $30,000.
Samalin Investment Counsel LLC bought a new position in New Gold in the fourth quarter valued at approximately $32,000. Generali Investments CEE investicni spolecnost a.s.
acquired a new stake in shares of New Gold in the 4th quarter valued at about $74,000. Atria Wealth Solutions Inc. bought a new position in shares of New Gold during the 4th quarter worth approximately $87,000.
Finally, Daiwa Securities Group Inc. bought a new stake in New Gold during the 4th quarter worth about $103,000. Institutional investors and hedge funds own 42.
82% of the company’s stock. Analysts Set New Price Targets A number of equities analysts recently weighed in on the stock. National Bankshares restated an “outperform” rating on shares of New Gold in a report on Wednesday, April 2nd.
New Street Research set a $3.90 price objective on shares of New Gold in a research report on Wednesday, March 26th. Raymond James set a $4.
00 price objective on shares of New Gold and gave the company a “market perform” rating in a report on Friday, April 4th. Scotiabank reiterated an “outperform” rating on shares of New Gold in a research note on Monday. Finally, National Bank Financial raised shares of New Gold to a “strong-buy” rating in a report on Friday, March 21st.
Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $3.85.
New Gold Stock Down 2.7 % Shares of NYSE NGD opened at $3.64 on Friday.
The firm has a market cap of $2.88 billion, a PE ratio of 28.00 and a beta of 0.
93. New Gold Inc. has a 1 year low of $1.
66 and a 1 year high of $3.86. The company has a 50 day simple moving average of $3.
16 and a 200 day simple moving average of $2.91. The company has a debt-to-equity ratio of 0.
38, a current ratio of 1.39 and a quick ratio of 0.84.
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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