BNP Paribas Arbitrage SA trimmed its holdings in shares of New Gold Inc (NYSEAMERICAN:NGD) by 35.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,745 shares of the basic materials company’s stock after selling 18,291 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in New Gold were worth $29,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. lifted its position in shares of New Gold by 163.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 191,714 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 118,963 shares during the period. Mackenzie Financial Corp increased its stake in shares of New Gold by 181.1% in the 4th quarter. Mackenzie Financial Corp now owns 365,767 shares of the basic materials company’s stock valued at $277,000 after acquiring an additional 235,638 shares in the last quarter. Norges Bank bought a new stake in shares of New Gold in the 4th quarter valued at $312,000. Legal & General Group Plc increased its stake in shares of New Gold by 10.7% in the 4th quarter. Legal & General Group Plc now owns 408,216 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 39,507 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of New Gold by 194.9% in the 4th quarter. Two Sigma Advisers LP now owns 446,352 shares of the basic materials company’s stock valued at $338,000 after acquiring an additional 295,000 shares in the last quarter. 51.53% of the stock is currently owned by institutional investors and hedge funds.
NYSEAMERICAN NGD traded down $0.03 during trading on Friday, hitting $0.92. 4,107,869 shares of the company’s stock traded hands, compared to its average volume of 3,653,846. New Gold Inc has a 12-month low of $0.61 and a 12-month high of $2.18.
New Gold Profile
New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.
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