New Gold (USA) (NGD) : Macroview Investment Management has sold out all of its stake in New Gold (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 134 shares of New Gold (USA) which is valued at $752.
Other Hedge Funds, Including , Quantitative Investment Management reduced its stake in NGD by selling 58,000 shares or 21.28% in the most recent quarter. The Hedge Fund company now holds 214,500 shares of NGD which is valued at $1,203,345. New Gold (USA) makes up approx 0.05% of Quantitative Investment Management’s portfolio.Financial Investment Management Group Ltd reduced its stake in NGD by selling 508,580 shares or 30.52% in the most recent quarter. The Hedge Fund company now holds 1,157,688 shares of NGD which is valued at $6,019,978. New Gold (USA) makes up approx 1.72% of Financial Investment Management Group Ltd’s portfolio. Essex Investment Management Co sold out all of its stake in NGD during the most recent quarter. The investment firm sold 554,948 shares of NGD which is valued $2,652,651.Acadian Asset Management boosted its stake in NGD in the latest quarter, The investment management firm added 908,330 additional shares and now holds a total of 1,331,933 shares of New Gold (USA) which is valued at $5,740,631. New Gold (USA) makes up approx 0.03% of Acadian Asset Management’s portfolio.Hexavest boosted its stake in NGD in the latest quarter, The investment management firm added 307,221 additional shares and now holds a total of 877,121 shares of New Gold (USA) which is valued at $4,175,096. New Gold (USA) makes up approx 0.06% of Hexavest’s portfolio.
New Gold (USA) opened for trading at $5.58 and hit $5.745 on the upside on Monday, eventually ending the session at $5.62, with a gain of 0.72% or 0.04 points. The heightened volatility saw the trading volume jump to 33,23,206 shares. Company has a market cap of $2,882 M.
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.