Usca Ria LLC held its stake in shares of New Gold Inc. (NYSE:NGD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,470 shares of the company’s stock at the end of the second quarter. Usca Ria LLC’s holdings in New Gold were worth $307,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NGD. World Asset Management Inc raised its stake in shares of New Gold by 6.8% in the second quarter. World Asset Management Inc now owns 33,894 shares of the company’s stock worth $108,000 after buying an additional 2,162 shares in the last quarter. First Manhattan Co. bought a new stake in shares of New Gold during the second quarter worth $135,000. Shell Asset Management Co. raised its stake in shares of New Gold by 1.1% in the first quarter. Shell Asset Management Co. now owns 54,000 shares of the company’s stock worth $214,000 after buying an additional 600 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of New Gold during the first quarter worth $166,000. Finally, Comerica Bank raised its stake in shares of New Gold by 5.9% in the first quarter. Comerica Bank now owns 63,328 shares of the company’s stock worth $176,000 after buying an additional 3,513 shares in the last quarter.

Shares of New Gold Inc. (NGD) opened at 3.64 on Wednesday. The company has a 50 day moving average of $3.25 and a 200-day moving average of $3.04. The company has a market capitalization of $2.10 billion and a P/E ratio of 37.53. New Gold Inc. has a 12-month low of $2.39 and a 12-month high of $5.70.

New Gold (NYSE:NGD) last announced its earnings results on Wednesday, July 26th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. New Gold had a return on equity of 4.03% and a net margin of 12.45%. The business had revenue of $185.60 million for the quarter, compared to analysts’ expectations of $181.17 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that New Gold Inc. will post $0.06 EPS for the current fiscal year.

WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/30/new-gold-inc-ngd-position-maintained-by-usca-ria-llc.html.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada set a $4.00 price target on shares of New Gold and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of New Gold from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $3.50 price target on shares of New Gold in a research note on Thursday, June 15th. Finally, National Bank Financial upgraded shares of New Gold from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $3.79.

New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.

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

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