New Gold (USA) (NGD) : Old West Investment Management scooped up 52,883 additional shares in New Gold (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,081,063 shares of New Gold (USA) which is valued at $7,616,691.New Gold (USA) makes up approximately 5.52% of Old West Investment Management’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership boosted its stake in NGD in the latest quarter, The investment management firm added 1,100,376 additional shares and now holds a total of 9,276,687 shares of New Gold (USA) which is valued at $33,952,674. New Gold (USA) makes up approx 0.11% of Arrowstreet Capital Limited Partnership’s portfolio.Credit Agricole S A boosted its stake in NGD in the latest quarter, The investment management firm added 465,100 additional shares and now holds a total of 2,826,801 shares of New Gold (USA) which is valued at $11,476,812. New Gold (USA) makes up approx 0.04% of Credit Agricole S A’s portfolio. Insight 2811 sold out all of its stake in NGD during the most recent quarter. The investment firm sold 38,043 shares of NGD which is valued $155,215.
New Gold (USA) opened for trading at $3.7 and hit $3.82 on the upside on Monday, eventually ending the session at $3.78, with a gain of 0.27% or 0.01 points. The heightened volatility saw the trading volume jump to 54,50,429 shares. Company has a market cap of $1,940 M.
On the company’s financial health, New Gold (USA) reported $0.03 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $0.03. The company had revenue of $178.70 million for the quarter, compared to analysts expectations of $178.98 million. The company’s revenue was up .8% 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 Upgraded by Desjardins to ” Buy” on Sep 16, 2016. New Gold (USA) was Downgraded by Desjardins to ” Hold” on Sep 7, 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.