113,000 Shares in New Gold Inc. $NGD Purchased by Ausbil Investment Management Ltd

Key Points

• Ausbil Investment Management opened a new position in New Gold (NGD) in Q4, buying 113,000 shares valued at roughly $984,000.
• Analyst sentiment has shifted bullish—Scotiabank, Zacks and TD Securities recently upgraded NGD, and MarketBeat shows a consensus rating of Buy with a price target of $10.31.
• NGD opened at $9.03, has a market cap of $7.15B, a P/E of 69.47, a one‑year range of $2.89–$13.63, and about 42.82% of shares are held by institutions.

Ausbil Investment Management Ltd acquired a new position in New Gold Inc. (NYSE:NGD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 113,000 shares of the company's stock, valued at approximately $984,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NGD. Employees Retirement System of Texas purchased a new position in New Gold in the second quarter valued at approximately $32,000. Aventura Private Wealth LLC purchased a new stake in New Gold in the fourth quarter worth $34,000. Wealth Enhancement Advisory Services LLC purchased a new stake in New Gold in the third quarter worth $41,000. MAI Capital Management bought a new stake in shares of New Gold in the third quarter valued at $43,000. Finally, Global Retirement Partners LLC raised its stake in shares of New Gold by 190.7% in the third quarter. Global Retirement Partners LLC now owns 7,031 shares of the company's stock valued at $50,000 after buying an additional 4,612 shares during the period. 42.82% of the stock is owned by institutional investors.

New Gold Stock Down 0.6%

NGD opened at $9.03 on Friday. The company has a fifty day moving average price of $11.09 and a 200-day moving average price of $8.84. The firm has a market capitalization of $7.15 billion, a P/E ratio of 69.47 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. New Gold Inc. has a one year low of $2.89 and a one year high of $13.63.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NGD shares. Scotiabank lifted their price objective on New Gold to $12.75 and gave the stock an "outperform" rating in a report on Monday, January 26th. Zacks Research raised shares of New Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 27th. Finally, TD Securities upgraded shares of New Gold from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, New Gold currently has an average rating of "Buy" and a consensus price target of $10.31.

About New Gold

New Gold Inc is a Canadian-based intermediate precious metals producer focused on the exploration, development and operation of gold and copper mining assets. The company was formed in 2008 through the merger of two exploration firms and has since grown into a multi-asset mining platform. Headquartered in Toronto, New Gold emphasizes a disciplined approach to capital allocation and operational execution, with a commitment to environmental stewardship and strong community relations.

New Gold’s principal producing assets include the New Afton Mine in British Columbia and the Rainy River Mine in northwestern Ontario.

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