New Gold Inc. (NYSE:NGD) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in New Gold Inc. (NYSE:NGD - Free Report) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 923,880 shares of the company's stock after selling 126,401 shares during the quarter. Barclays PLC owned approximately 0.12% of New Gold worth $2,292,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in New Gold by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,471,000 shares of the company's stock worth $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% during the 4th quarter. Oxbow Advisors LLC now owns 277,000 shares of the company's stock worth $687,000 after purchasing an additional 4,624 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 5,331 shares during the last quarter. Geode Capital Management LLC lifted its holdings in New Gold by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 372,373 shares of the company's stock valued at $1,084,000 after purchasing an additional 7,394 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of New Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 1,566,862 shares of the company's stock worth $3,911,000 after purchasing an additional 9,500 shares during the last quarter. 42.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on NGD shares. National Bankshares restated an "outperform" rating on shares of New Gold in a research report on Wednesday, April 2nd. CIBC cut their price target on shares of New Gold from $3.60 to $3.40 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Bank of America raised shares of New Gold from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $2.60 to $3.90 in a research note on Wednesday, March 26th. National Bank Financial raised New Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank reissued an "outperform" rating on shares of New Gold in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, New Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $3.85.

New Gold Stock Performance

Shares of NYSE NGD traded down $0.03 during midday trading on Friday, reaching $3.84. 26,809,398 shares of the company traded hands, compared to its average volume of 12,380,515. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 29.54 and a beta of 0.93. The stock has a 50-day moving average price of $3.31 and a 200 day moving average price of $2.96. New Gold Inc. has a 52 week low of $1.74 and a 52 week high of $3.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84.

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.