Jane Street Group LLC Has $1.79 Million Stock Holdings in New Gold Inc. (NYSE:NGD)

Jane Street Group LLC boosted its position in New Gold Inc. (NYSE:NGD) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,191 shares of the company’s stock after buying an additional 43,449 shares during the period. Jane Street Group LLC owned approximately 0.09% of New Gold worth $1,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in New Gold by 0.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,471,000 shares of the company’s stock valued at $3,669,000 after buying an additional 4,500 shares in the last quarter. Oxbow Advisors LLC increased its position in New Gold by 1.7% in the 4th quarter. Oxbow Advisors LLC now owns 277,000 shares of the company’s stock valued at $687,000 after buying an additional 4,624 shares in the last quarter. Bank of New York Mellon Corp increased its position in New Gold by 11.9% in the 4th quarter. Bank of New York Mellon Corp now owns 50,292 shares of the company’s stock valued at $125,000 after buying an additional 5,331 shares in the last quarter. Swiss National Bank increased its position in New Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 1,566,862 shares of the company’s stock valued at $3,911,000 after buying an additional 9,500 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in New Gold by 11.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 92,967 shares of the company’s stock valued at $230,000 after buying an additional 9,668 shares in the last quarter. 42.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com raised New Gold from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Bank of America raised New Gold from an “underperform” rating to a “buy” rating and boosted their target price for the company from $2.60 to $3.90 in a research report on Wednesday, March 26th. Scotiabank reissued an “outperform” rating on shares of New Gold in a report on Monday, April 14th. New Street Research set a $3.90 price objective on New Gold in a report on Wednesday, March 26th. Finally, National Bankshares reissued an “outperform” rating on shares of New Gold in a report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, New Gold currently has an average rating of “Buy” and an average target price of $4.04.

New Gold Stock Performance

NGD stock opened at $3.77 on Friday. The firm has a market cap of $2.98 billion, a PE ratio of 29.00 and a beta of 0.54. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $3.54 and a 200-day moving average of $3.04. New Gold Inc. has a 12-month low of $1.86 and a 12-month high of $4.21.

New Gold Company Profile

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.