Wexford Capital LP Makes New $310,000 Investment in New Gold Inc. (NYSE:NGD)

Wexford Capital LP bought a new position in shares of New Gold Inc. (NYSE:NGD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 125,000 shares of the company's stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in New Gold during the fourth quarter worth about $43,000. Man Group plc acquired a new position in New Gold during the fourth quarter worth approximately $611,000. Nokomis Capital L.L.C. increased its position in New Gold by 203.8% during the fourth quarter. Nokomis Capital L.L.C. now owns 4,147,296 shares of the company's stock worth $10,285,000 after buying an additional 2,782,296 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in New Gold during the fourth quarter worth approximately $55,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 buying an additional 127,000 shares during the last quarter. Institutional investors own 42.82% of the company's stock.

New Gold Stock Performance

Shares of New Gold stock traded up $0.09 on Friday, hitting $4.30. The stock had a trading volume of 23,455,191 shares, compared to its average volume of 13,203,161. New Gold Inc. has a twelve month low of $1.90 and a twelve month high of $4.34. The business's 50 day moving average is $3.63 and its two-hundred day moving average is $3.08. 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 stock has a market cap of $3.40 billion, a price-to-earnings ratio of 33.08 and a beta of 0.54.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Scotiabank reissued an "outperform" rating on shares of New Gold in a research report on Monday, April 14th. New Street Research set a $3.90 price target on New Gold in a research report on Wednesday, March 26th. Raymond James set a $4.00 price target on New Gold and gave the stock a "market perform" rating in a research report on Friday, April 4th. Wall Street Zen raised New Gold from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, CIBC boosted their price target on New Gold from $3.40 to $4.75 and gave the stock an "outperformer" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $4.04.

New Gold 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.