246,280 Shares in New Gold Inc. (NYSE:NGD) Acquired by Man Group plc

Man Group plc bought a new position in New Gold Inc. (NYSE:NGD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 246,280 shares of the company's stock, valued at approximately $611,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NGD. Nokomis Capital L.L.C. grew its stake in New Gold by 203.8% in the 4th quarter. Nokomis Capital L.L.C. now owns 4,147,296 shares of the company's stock valued at $10,285,000 after buying an additional 2,782,296 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in New Gold during the 4th quarter worth about $55,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of New Gold by 7.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,815,649 shares of the company's stock worth $4,503,000 after acquiring an additional 127,000 shares during the last quarter. Gotham Asset Management LLC raised its stake in shares of New Gold by 102.2% during the fourth quarter. Gotham Asset Management LLC now owns 1,490,211 shares of the company's stock worth $3,696,000 after buying an additional 753,220 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in New Gold in the fourth quarter valued at about $159,000. Institutional investors and hedge funds own 42.82% of the company's stock.

New Gold Trading Down 0.8%

New Gold stock traded down $0.04 during midday trading on Friday, reaching $4.36. The stock had a trading volume of 7,627,296 shares, compared to its average volume of 13,295,126. New Gold Inc. has a 52-week low of $1.90 and a 52-week high of $4.45. 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 firm has a market cap of $3.45 billion, a price-to-earnings ratio of 33.50 and a beta of 0.54. The company has a fifty day moving average of $3.71 and a 200 day moving average of $3.13.

Analysts Set New Price Targets

A number of research firms recently weighed in on NGD. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a research report on Friday, March 21st. Wall Street Zen upgraded shares of New Gold from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and increased their price target for the company from $2.60 to $3.90 in a research note on Wednesday, March 26th. Raymond James set a $4.00 price target on New Gold and gave the company a "market perform" rating in a research note on Friday, April 4th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of New Gold in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, New Gold currently has a consensus rating of "Buy" and an average price target of $4.04.

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.