New Gold (USA) (NGD) : Lincluden Management Ltd reduced its stake in New Gold (USA) by 57.28% during the most recent quarter end. The investment management company now holds a total of 14,175 shares of New Gold (USA) which is valued at $61,520 after selling 19,005 shares in New Gold (USA) , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.New Gold (USA) makes up approximately 0.01% of Lincluden Management Ltd’s portfolio.
New Gold (USA) opened for trading at $4.47 and hit $4.6 on the upside on Wednesday, eventually ending the session at $4.55, with a gain of 1.56% or 0.07 points. The heightened volatility saw the trading volume jump to 32,62,451 shares. Company has a market cap of $2,316 M.
Other Hedge Funds, Including , Montrusco Bolton Investments added NGD to its portfolio by purchasing 36,480 company shares during the most recent quarter which is valued at $158,323. New Gold (USA) makes up approx 0.01% of Montrusco Bolton Investments’s portfolio. Acadian Asset Management added NGD to its portfolio by purchasing 423,603 company shares during the most recent quarter which is valued at $1,757,952. New Gold (USA) makes up approx 0.01% of Acadian Asset Management’s portfolio. Simplex Trading sold out all of its stake in NGD during the most recent quarter. The investment firm sold 6,018 shares of NGD which is valued $24,975.Financial Investment Management Group Ltd reduced its stake in NGD by selling 22,200 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 1,666,268 shares of NGD which is valued at $6,915,012. New Gold (USA) makes up approx 1.83% of Financial Investment Management Group Ltd’s portfolio.
On the company’s financial health, New Gold (USA) reported $0.01 EPS for the quarter, based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus estimate of $0.01. The company had revenue of $199.00 million for the quarter, compared to analysts expectations of $200.50 million. The company’s revenue was up 5.9% compared to the same quarter last year.
Many Wall Street Analysts have commented on New Gold (USA). Company shares were Upgraded by Barclays on Apr 18, 2016 to ” Overweight”, Firm has raised the Price Target to $ 5 from a previous price target of $3 .Company shares were Downgraded by RBC Capital Mkts on Mar 21, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 3.75 from a previous price target of $3 .New Gold (USA) was Upgraded by Desjardins to ” Hold” on Feb 23, 2016.
New Gold Inc. is a Canada-based intermediate gold mining company engaged in the development and operation of mineral properties. The Company’s assets include New Afton Mine in Canada which is an underground gold?copper deposit; the Mesquite Mine in the United States which is an open pit mine; the Peak Mines in Australia which is an underground gold?copper deposit and the Cerro San Pedro Mine in Mexico which is a gold?silver open pit mine. The Company projects include the Rainy River and Blackwater projects both in Canada and a 30% interest in the El Morro copper?gold project in Chile. Approximately 28% of the Company’s gold revenue is generated from Canada 28% from the United States 26% from Australia and 18% from Mexico and over 70% of its gold reserves are located in Canada.