New Gold (USA) (NGD) : New Harbor Financial Group scooped up 53,600 additional shares in New Gold (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 54,140 shares of New Gold (USA) which is valued at $214,394.New Gold (USA) makes up approximately 0.31% of New Harbor Financial Group’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in NGD in the latest quarter, The investment management firm added 17,200 additional shares and now holds a total of 35,928 shares of New Gold (USA) which is valued at $138,323.Cutler Group Lp reduced its stake in NGD by selling 31,356 shares or 57.49% in the most recent quarter. The Hedge Fund company now holds 23,183 shares of NGD which is valued at $92,268. New Gold (USA) makes up approx 0.01% of Cutler Group Lp’s portfolio. Advisory Services Network added NGD to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $1,155.Bnp Paribas Arbitrage Sa boosted its stake in NGD in the latest quarter, The investment management firm added 86,210 additional shares and now holds a total of 171,915 shares of New Gold (USA) which is valued at $691,098.
New Gold (USA) closed down -0.13 points or -3.27% at $3.85 with 54,76,708 shares getting traded on Tuesday. Post opening the session at $3.96, the shares hit an intraday low of $3.85 and an intraday high of $4.04 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 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.