New Gold (USA) (NGD) : Ingalls Snyder reduced its stake in New Gold (USA) by 0.15% during the most recent quarter end. The investment management company now holds a total of 8,384,690 shares of New Gold (USA) which is valued at $47,792,733 after selling 12,675 shares in New Gold (USA) , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.New Gold (USA) makes up approximately 2.69% of Ingalls Snyder’s portfolio.
Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in NGD in the latest quarter, The investment management firm added 30,000 additional shares and now holds a total of 3,560,000 shares of New Gold (USA) which is valued at $20,292,000. New Gold (USA) makes up approx 0.03% of Oppenheimerfunds’s portfolio. Diam Ltd. added NGD to its portfolio by purchasing 31,949 company shares during the most recent quarter which is valued at $179,234.Agf Investments boosted its stake in NGD in the latest quarter, The investment management firm added 7,639 additional shares and now holds a total of 13,945 shares of New Gold (USA) which is valued at $78,231. Montrusco Bolton Investments sold out all of its stake in NGD during the most recent quarter. The investment firm sold 36,480 shares of NGD which is valued $160,147.
New Gold (USA) closed down -0.08 points or -1.46% at $5.4 with 29,38,074 shares getting traded on Tuesday. Post opening the session at $5.58, the shares hit an intraday low of $5.36 and an intraday high of $5.58 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, New Gold (USA) reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.00. The company had revenue of $180.30 million for the quarter, compared to analysts expectations of $168.01 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on New Gold (USA). New Gold (USA) was Downgraded by Dundee to ” Sell” on May 25, 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.