New Gold Inc. (NGD) Stake Maintained by Whittier Trust Co. of Nevada Inc.
Whittier Trust Co. of Nevada Inc. continued to hold its position in shares of New Gold Inc. (NYSEMKT:NGD) during the second quarter, Holdings Channel reports. The institutional investor owned 37,758 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in New Gold were worth $165,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NGD. Renaissance Technologies LLC boosted its stake in New Gold by 50.5% in the first quarter. Renaissance Technologies LLC now owns 5,705,800 shares of the company’s stock worth $21,283,000 after buying an additional 1,914,000 shares during the last quarter. Credit Agricole S A boosted its stake in New Gold by 4.0% in the first quarter. Credit Agricole S A now owns 2,303,101 shares of the company’s stock worth $8,591,000 after buying an additional 89,000 shares during the last quarter. Prudential PLC bought a new stake in New Gold during the first quarter worth $7,203,000. Acadian Asset Management LLC boosted its stake in New Gold by 214.4% in the second quarter. Acadian Asset Management LLC now owns 1,331,933 shares of the company’s stock worth $5,834,000 after buying an additional 908,330 shares during the last quarter. Finally, Spark Investment Management LLC boosted its stake in New Gold by 59.9% in the first quarter. Spark Investment Management LLC now owns 1,111,000 shares of the company’s stock worth $4,143,000 after buying an additional 416,000 shares during the last quarter.
Shares of New Gold Inc. (NYSEMKT:NGD) traded up 1.04% during midday trading on Wednesday, hitting $3.89. 2,580,706 shares of the company’s stock traded hands. The stock’s market cap is $1.99 billion. The company has a 50 day moving average of $4.65 and a 200 day moving average of $4.55. New Gold Inc. has a 52 week low of $1.76 and a 52 week high of $6.04.
New Gold (NYSEMKT:NGD) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $180.30 million for the quarter, compared to the consensus estimate of $163.44 million. During the same quarter last year, the business earned $0.02 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that New Gold Inc. will post $0.08 EPS for the current fiscal year.
NGD has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of New Gold in a report on Wednesday, June 29th. Zacks Investment Research cut shares of New Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Bank of America Corp. set a $5.60 target price on shares of New Gold and gave the company a “hold” rating in a report on Sunday, September 11th. Canaccord Genuity raised shares of New Gold from a “hold” rating to a “buy” rating and lifted their target price for the company from $6.25 to $7.75 in a report on Tuesday, July 12th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $7.00 target price (down from $7.60) on shares of New Gold in a report on Wednesday, September 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. New Gold has a consensus rating of “Hold” and a consensus target price of $5.62.
About New Gold
New Gold Inc is a Canada-based intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. The Company has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada. The Company’s segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other.
Want to see what other hedge funds are holding NGD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Gold Inc. (NYSEMKT:NGD).
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.