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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico.


TSX:NGD - Post by User

Bullboard Posts
Post by NastyCaton Apr 28, 2020 11:44pm
341 Views
Post# 30964788

April 15th article

April 15th article ... talks about institutional investors. ********************************************https://uspostnews.com/2020/04/15/how-does-new-gold-inc-ngd-stack-up-for-investors/amp/ ********************************************It appears that more than several institutional investors and hedge funds decided to increase stakes in NGD in the recent period. That is how Van Eck Associates Corp. now has an increase position in NGD by 0.71% in the first quarter, owning 75.61 million shares of NGD stocks, with the value of $38.64 million after the purchase of an additional 533,637 shares during the last quarter. In the meanwhile, Kopernik Global Investors LLC also increased their stake in NGD shares changed 11.45% in the first quarter, which means that the company now owns 43.63 million shares of company, all valued at $22.29 million after the acquisition of additional 4,483,657 shares during the last quarter. Exor Investments acquired a new position in New Gold Inc. during the first quarter, with the value of $15.83 million, and Russell Investment Management LLC increased their stake in the companys shares by 31.96% in the first quarter, now owning 6,401,300 shares valued at $13.5 million after the acquisition of the additional 26.43 million shares during the last quarter. In the end, Renaissance Technologies LLC increased their position by 6.81% during the first quarter, now owning 23.06 million NGD shares, now holding the value of $11.78 million in NGD with the purchase of the additional 1,101,772 shares during the period of the last quarter. At the present, 55.10% of NGD shares are in the ownership of institutional investors.
Bullboard Posts