American Century Companies Inc. Increases Holdings in New Gold Inc. (NYSEAMERICAN:NGD)

American Century Companies Inc. lifted its position in New Gold Inc. (NYSEAMERICAN:NGD) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,095,417 shares of the basic materials company’s stock after purchasing an additional 48,886 shares during the quarter. American Century Companies Inc. owned about 0.74% of New Gold worth $4,669,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Heartland Advisors Inc. purchased a new position in shares of New Gold in the third quarter worth about $3,185,000. Deutsche Bank AG raised its position in New Gold by 24.6% during the third quarter. Deutsche Bank AG now owns 2,824,635 shares of the basic materials company’s stock valued at $2,570,000 after acquiring an additional 556,765 shares in the last quarter. Mackenzie Financial Corp raised its position in New Gold by 147.3% during the third quarter. Mackenzie Financial Corp now owns 2,157,344 shares of the basic materials company’s stock valued at $2,124,000 after acquiring an additional 1,284,920 shares in the last quarter. Intact Investment Management Inc. raised its position in New Gold by 6.9% during the third quarter. Intact Investment Management Inc. now owns 2,792,200 shares of the basic materials company’s stock valued at $2,570,000 after acquiring an additional 179,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in New Gold by 4.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 565,960 shares of the basic materials company’s stock valued at $616,000 after acquiring an additional 26,124 shares in the last quarter. 42.82% of the stock is currently owned by hedge funds and other institutional investors.

New Gold Price Performance

Shares of NGD opened at $1.69 on Thursday. The company has a current ratio of 1.54, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. New Gold Inc. has a 12 month low of $0.86 and a 12 month high of $1.76. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -18.72 and a beta of 1.50.

New Gold (NYSEAMERICAN:NGD) last issued its quarterly earnings results on Tuesday, February 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $199.20 million during the quarter. New Gold had a positive return on equity of 5.63% and a negative net margin of 8.20%. On average, analysts forecast that New Gold Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NGD shares. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of New Gold in a research report on Wednesday, January 3rd. StockNews.com lowered New Gold from a “buy” rating to a “hold” rating in a report on Sunday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, New Gold has a consensus rating of “Hold” and a consensus target price of $1.55.

New Gold Profile

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.