1,545,627 Shares in New Gold Inc. $NGD Purchased by Caprock Group LLC

Caprock Group LLC acquired a new stake in New Gold Inc. (NYSE:NGD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,545,627 shares of the company’s stock, valued at approximately $11,098,000. Caprock Group LLC owned 0.20% of New Gold at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of New Gold by 89.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 28,812,369 shares of the company’s stock valued at $143,011,000 after acquiring an additional 13,591,642 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of New Gold by 86.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,465,579 shares of the company’s stock worth $56,755,000 after purchasing an additional 5,314,473 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of New Gold by 872.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,673,684 shares of the company’s stock worth $18,211,000 after purchasing an additional 3,295,905 shares during the period. Goldman Sachs Group Inc. increased its holdings in New Gold by 74.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,448,313 shares of the company’s stock valued at $23,923,000 after purchasing an additional 2,760,692 shares during the last quarter. Finally, CSM Advisors LLC purchased a new stake in New Gold in the second quarter valued at approximately $6,321,000. Institutional investors and hedge funds own 42.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NGD. Zacks Research upgraded New Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Scotiabank increased their target price on New Gold to $12.75 and gave the stock an “outperform” rating in a research note on Monday, January 26th. National Bankshares restated an “outperform” rating on shares of New Gold in a report on Thursday, October 30th. Finally, TD Securities raised New Gold from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, New Gold presently has a consensus rating of “Buy” and a consensus price target of $8.18.

New Gold Stock Down 0.4%

New Gold stock opened at $11.32 on Wednesday. The firm has a market capitalization of $8.96 billion, a P/E ratio of 87.08 and a beta of 0.59. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. New Gold Inc. has a twelve month low of $2.60 and a twelve month high of $13.63. The stock’s fifty day simple moving average is $9.74 and its 200-day simple moving average is $7.58.

New Gold Company Profile

New Gold Inc is a Canadian-based intermediate precious metals producer focused on the exploration, development and operation of gold and copper mining assets. The company was formed in 2008 through the merger of two exploration firms and has since grown into a multi-asset mining platform. Headquartered in Toronto, New Gold emphasizes a disciplined approach to capital allocation and operational execution, with a commitment to environmental stewardship and strong community relations.

New Gold’s principal producing assets include the New Afton Mine in British Columbia and the Rainy River Mine in northwestern Ontario.