New Gold Inc. (NYSE:NGD) Stock Holdings Raised by Deutsche Bank AG

Deutsche Bank AG raised its stake in New Gold Inc. (NYSE:NGD - Free Report) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,425,421 shares of the company's stock after purchasing an additional 175,459 shares during the period. Deutsche Bank AG owned 0.43% of New Gold worth $8,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of New Gold by 11.6% in 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 last quarter. Invesco Ltd. increased its position in shares of New Gold by 3.6% in the 4th quarter. Invesco Ltd. now owns 13,481,005 shares of the company's stock worth $33,433,000 after purchasing an additional 469,748 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of New Gold by 3.9% in the 4th quarter. American Century Companies Inc. now owns 12,250,758 shares of the company's stock valued at $30,577,000 after buying an additional 459,317 shares during the period. Bank of Montreal Can boosted its holdings in shares of New Gold by 36.9% in the 4th quarter. Bank of Montreal Can now owns 9,703,381 shares of the company's stock valued at $24,203,000 after buying an additional 2,613,285 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of New Gold by 97.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 9,482,782 shares of the company's stock valued at $23,657,000 after buying an additional 4,671,399 shares during the period. Institutional investors own 42.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Scotiabank reaffirmed an "outperform" rating on shares of New Gold in a report on Monday, April 14th. Raymond James set a $4.00 price target on shares of New Gold and gave the company a "market perform" rating in a report on Friday, April 4th. CIBC lifted their price target on shares of New Gold from $3.40 to $4.75 and gave the company an "outperformer" rating in a report on Thursday, May 8th. New Street Research set a $3.90 price target on shares of New Gold in a report on Wednesday, March 26th. Finally, StockNews.com raised shares of New Gold from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $4.04.

New Gold Trading Down 2.3%

New Gold stock opened at $3.77 on Friday. 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 50-day moving average price of $3.54 and a two-hundred day moving average price of $3.03. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 29.00 and a beta of 0.54. New Gold Inc. has a 52-week low of $1.86 and a 52-week high of $4.21.

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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