Mariner LLC Has $329,000 Stake in New Gold Inc. (NYSE:NGD)

Mariner LLC increased its stake in shares of New Gold Inc. (NYSE:NGD - Free Report) by 705.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,498 shares of the company's stock after purchasing an additional 116,054 shares during the quarter. Mariner LLC's holdings in New Gold were worth $329,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake 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 in the last quarter. Invesco Ltd. increased its holdings in New Gold by 3.6% in the fourth quarter. Invesco Ltd. now owns 13,481,005 shares of the company's stock worth $33,433,000 after buying an additional 469,748 shares during the last quarter. American Century Companies Inc. raised its position in New Gold by 3.9% during the fourth quarter. American Century Companies Inc. now owns 12,250,758 shares of the company's stock valued at $30,577,000 after acquiring an additional 459,317 shares in the last quarter. Bank of Montreal Can lifted its stake in New Gold by 36.9% in the fourth quarter. Bank of Montreal Can now owns 9,703,381 shares of the company's stock valued at $24,203,000 after acquiring an additional 2,613,285 shares during the last quarter. Finally, 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 in the last quarter. 42.82% of the stock is owned by hedge funds and other institutional investors.

New Gold Trading Down 0.8 %

Shares of New Gold stock opened at $3.84 on Monday. New Gold Inc. has a 1 year low of $1.74 and a 1 year high of $3.98. The company's fifty day simple moving average is $3.31 and its 200-day simple moving average is $2.96. 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 company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Bank of America raised shares of New Gold from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $2.60 to $3.90 in a research note on Wednesday, March 26th. StockNews.com downgraded New Gold from a "buy" rating to a "hold" rating in a research note on Thursday. Raymond James set a $4.00 price objective on New Gold and gave the company a "market perform" rating in a report on Friday, April 4th. National Bank Financial upgraded New Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, New Street Research set a $3.90 price target on New Gold in a report on Wednesday, March 26th. Three 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. Based on data from MarketBeat.com, New Gold presently has an average rating of "Moderate Buy" and an average price target of $3.85.

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.

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