New Gold Inc. (NYSE:NGD) Shares Acquired by Mariner LLC

Mariner LLC raised its stake in New Gold Inc. (NYSE:NGD - Free Report) by 705.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,498 shares of the company's stock after buying an additional 116,054 shares during the quarter. Mariner LLC's holdings in New Gold were worth $329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hillsdale Investment Management Inc. grew its position in New Gold by 97.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 9,482,782 shares of the company's stock worth $23,657,000 after acquiring an additional 4,671,399 shares during the period. Renaissance Technologies LLC grew its holdings in shares of New Gold by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 25,146,246 shares of the company's stock worth $62,363,000 after purchasing an additional 2,619,782 shares during the period. Bank of Montreal Can increased its position in shares of New Gold by 36.9% during the 4th quarter. Bank of Montreal Can now owns 9,703,381 shares of the company's stock worth $24,203,000 after purchasing an additional 2,613,285 shares during the last quarter. Amundi raised its holdings in New Gold by 68.6% in the 4th quarter. Amundi now owns 5,877,726 shares of the company's stock valued at $16,105,000 after buying an additional 2,391,764 shares during the period. Finally, JGP Global Gestao de Recursos Ltda. raised its holdings in New Gold by 27.8% in the 4th quarter. JGP Global Gestao de Recursos Ltda. now owns 6,500,000 shares of the company's stock valued at $16,120,000 after buying an additional 1,412,003 shares during the period. 42.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NGD has been the subject of a number of recent analyst reports. Raymond James set a $4.00 price target on shares of New Gold and gave the company a "market perform" rating in a research report on Friday, April 4th. New Street Research set a $3.90 target price on shares of New Gold in a report on Wednesday, March 26th. Scotiabank restated an "outperform" rating on shares of New Gold in a research note on Monday, April 14th. StockNews.com upgraded New Gold from a "hold" rating to a "buy" rating in a research report on Friday. Finally, National Bankshares reiterated 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 issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $4.04.

New Gold Stock Up 4.0 %

Shares of NGD traded up $0.16 during midday trading on Friday, hitting $4.18. The company had a trading volume of 29,819,779 shares, compared to its average volume of 12,884,118. New Gold Inc. has a 1 year low of $1.74 and a 1 year high of $4.21. The firm has a market capitalization of $3.31 billion, a P/E ratio of 32.16 and a beta of 0.54. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39. The company's 50-day simple moving average is $3.44 and its 200-day simple moving average is $3.00.

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.