New Gold Inc. (NYSE:NGD) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of New Gold Inc. (NYSE:NGD) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,250,758 shares of the company’s stock after purchasing an additional 459,317 shares during the period. American Century Companies Inc.’s holdings in New Gold were worth $30,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NGD. BNP Paribas Financial Markets increased its position in New Gold by 9,360.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,692,614 shares of the company’s stock valued at $7,755,000 after acquiring an additional 2,664,153 shares during the period. Amundi grew its stake in shares of 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 purchasing an additional 2,391,764 shares during the last quarter. ArrowMark Colorado Holdings LLC acquired a new position in shares of New Gold in the third quarter valued at approximately $4,787,000. Lord Abbett & CO. LLC purchased a new stake in shares of New Gold during the third quarter worth approximately $4,435,000. Finally, JGP Global Gestao de Recursos Ltda. lifted its holdings in shares of New Gold by 27.8% during the fourth quarter. JGP Global Gestao de Recursos Ltda. now owns 6,500,000 shares of the company’s stock worth $16,120,000 after purchasing an additional 1,412,003 shares during the period. 42.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on NGD shares. National Bank Financial raised shares of New Gold to a “strong-buy” rating in a research note on Friday, March 21st. Scotiabank boosted their price target on shares of New Gold from $3.50 to $4.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 13th. Bank of America raised shares of New Gold from an “underperform” rating to a “buy” rating and increased their price target for the stock from $2.60 to $3.90 in a report on Wednesday. Finally, CIBC lowered their price objective on New Gold from $3.60 to $3.40 and set an “outperform” rating on the stock in a report on Thursday, February 27th. One 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $3.66.

New Gold Stock Down 0.6 %

Shares of NYSE NGD opened at $3.60 on Friday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 27.69 and a beta of 1.35. New Gold Inc. has a 52 week low of $1.66 and a 52 week high of $3.78. The firm has a 50-day moving average price of $3.01 and a 200 day moving average price of $2.86. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.38.

New Gold Company 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.