New Gold Inc. (NYSE:NGD) reached 36.4% versus a 1-year low price of $0.69. The stock was last seen 4.61% higher, reaching at $0.95 on 4/9/2019. At a recent session, the prices were hovering between $0.885 and $0.9199. This company shares are 322.11% off its target price of $4.01 and the current market capitalization stands at $548.61M. The recent change has given its price a -0.26% deficit over SMA 50 and -62.53% deficit over its 52-week high. The stock witnessed 11.6% gains, -12.22% declines and 20% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NGD’s volatility during a week at 3.35% and during a month it has been found around 3.7%.

New Gold Inc. (NGD) Top Holders

Institutional investors currently hold around $263 million or 55.1% in NGD stock. Look at its top three institutional owners: Van Eck Associates Corp owns $72.3 million in New Gold Inc., which represents roughly 13.18% of the company’s market cap and approximately 27.49% of the institutional ownership. Similar statistics are true for the second largest owner, Kopernik Global Investors, Llc, which owns 36,721,036 shares of the stock are valued at $33.27 million. The third largest holder is Exor Investments (Uk) Llp, which currently holds $17.25 million worth of this stock and that ownership represents nearly 3.14% of its market capitalization.

New Gold Inc. 13F Filings

At the end of December reporting period, 49 institutional holders increased their position in New Gold Inc. (NYSE:NGD) by some 23,677,250 shares, 80 decreased positions by 45,059,339 and 33 held positions by 221,921,449. That puts total institutional holdings at 290,658,038 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 5,796,444 shares while 30 institutional investors sold out their entire positions totaling 2,354,261 shares.

New Gold Inc. (NGD) Analyst Guide

Several analysts have released their opinion on New Gold Inc. (NYSE:NGD), with 1 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 0 buy, 4 sell and 0 strong sell ratings, collectively assigning a 3.12 average brokerage recommendation [T1].