Aperio Group LLC Has $348,000 Stake in New Gold Inc. (NGD)
Aperio Group LLC increased its stake in New Gold Inc. (NYSE:NGD) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,493 shares of the company’s stock after buying an additional 2,992 shares during the period. Aperio Group LLC’s holdings in New Gold were worth $348,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of NGD. Shell Asset Management Co. raised its stake in New Gold by 1.1% in the first quarter. Shell Asset Management Co. now owns 54,000 shares of the company’s stock valued at $214,000 after buying an additional 600 shares during the period. Two Sigma Securities LLC bought a new stake in New Gold during the first quarter valued at approximately $166,000. Comerica Bank raised its stake in New Gold by 5.9% in the first quarter. Comerica Bank now owns 63,328 shares of the company’s stock valued at $176,000 after buying an additional 3,513 shares during the period. SG Americas Securities LLC raised its stake in New Gold by 47.4% in the first quarter. SG Americas Securities LLC now owns 68,607 shares of the company’s stock valued at $204,000 after buying an additional 22,068 shares during the period. Finally, Virtu Financial LLC bought a new stake in New Gold during the second quarter valued at approximately $224,000.
New Gold Inc. (NYSE:NGD) traded up 3.64% during mid-day trading on Thursday, reaching $3.70. The company had a trading volume of 2,591,590 shares. New Gold Inc. has a 12 month low of $2.39 and a 12 month high of $5.70. The firm’s 50 day moving average price is $3.25 and its 200-day moving average price is $3.04. The company has a market capitalization of $2.13 billion and a price-to-earnings ratio of 38.14.
New Gold (NYSE:NGD) last announced its earnings results on Wednesday, July 26th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $185.60 million for the quarter, compared to analysts’ expectations of $181.17 million. New Gold had a return on equity of 4.03% and a net margin of 12.45%. New Gold’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS. Equities research analysts anticipate that New Gold Inc. will post $0.06 earnings per share for the current year.
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Several research firms recently commented on NGD. Royal Bank Of Canada set a $4.00 target price on New Gold and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised New Gold from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $3.50 target price on shares of New Gold in a report on Thursday, June 15th. Finally, National Bank Financial raised New Gold from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $3.79.
About New Gold
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.
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