XTX Topco Ltd Has $511,000 Position in New Gold Inc. $NGD

XTX Topco Ltd lessened its holdings in shares of New Gold Inc. (NYSE:NGD) by 67.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,181 shares of the company’s stock after selling 215,059 shares during the period. XTX Topco Ltd’s holdings in New Gold were worth $511,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NGD. Cary Street Partners Financial LLC bought a new position in New Gold in the first quarter valued at approximately $37,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of New Gold during the first quarter worth $378,000. Deutsche Bank AG raised its holdings in shares of New Gold by 2.3% during the first quarter. Deutsche Bank AG now owns 3,504,806 shares of the company’s stock worth $13,003,000 after acquiring an additional 79,385 shares during the period. Headlands Technologies LLC lifted its position in New Gold by 520.8% in the 1st quarter. Headlands Technologies LLC now owns 131,268 shares of the company’s stock valued at $487,000 after acquiring an additional 110,124 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in New Gold by 32.0% in the 1st quarter. National Bank of Canada FI now owns 3,008,516 shares of the company’s stock worth $11,122,000 after purchasing an additional 729,501 shares during the period. 42.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Raymond James Financial restated a “market perform” rating and issued a $7.00 price target on shares of New Gold in a report on Friday, October 10th. National Bankshares reissued an “outperform” rating on shares of New Gold in a research report on Thursday, October 30th. TD Securities upgraded New Gold from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday. Scotiabank raised their price target on shares of New Gold from $5.50 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Finally, CIBC boosted their price objective on shares of New Gold from $6.50 to $9.50 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $7.38.

New Gold Stock Down 0.8%

NGD stock opened at $7.81 on Friday. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 60.08 and a beta of 0.65. New Gold Inc. has a twelve month low of $2.43 and a twelve month high of $8.62. The business has a 50 day moving average price of $7.16 and a two-hundred day moving average price of $5.82. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.38.

About New Gold

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.