CWA Asset Management Group LLC Lowers Stake in New Gold Inc. $NGD

Key Points

• CWA Asset Management Group LLC cut its stake in New Gold by 92.3% in Q4, selling 152,958 shares and leaving it with 12,704 shares worth about $111,000 per its SEC filing.
• Large institutions added to positions—JPMorgan (≈13.36M shares), Vanguard (≈11.47M), and TD Asset Management (≈4.67M)—and institutional investors now own 42.82% of the company.
• NGD trades near $9.03 (12‑month range $2.89–$13.63) with a market cap of $7.15B, and Wall Street consensus is a Buy with an average price target of $10.31.

CWA Asset Management Group LLC cut its stake in New Gold Inc. (NYSE:NGD - Free Report) by 92.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,704 shares of the company's stock after selling 152,958 shares during the period. CWA Asset Management Group LLC's holdings in New Gold were worth $111,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in New Gold by 16.5% during the third quarter. JPMorgan Chase & Co. now owns 13,357,047 shares of the company's stock worth $95,904,000 after purchasing an additional 1,891,468 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of New Gold during the 3rd quarter valued at about $1,625,000. TD Asset Management Inc raised its holdings in shares of New Gold by 44.3% during the 3rd quarter. TD Asset Management Inc now owns 4,667,247 shares of the company's stock valued at $33,443,000 after buying an additional 1,433,603 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of New Gold by 1,531.2% during the 3rd quarter. Vanguard Group Inc. now owns 11,468,982 shares of the company's stock valued at $82,164,000 after buying an additional 10,765,902 shares in the last quarter. Finally, Triasima Portfolio Management inc. lifted its position in New Gold by 41.2% in the 3rd quarter. Triasima Portfolio Management inc. now owns 849,586 shares of the company's stock worth $6,088,000 after buying an additional 247,821 shares during the last quarter. Institutional investors own 42.82% of the company's stock.

New Gold Stock Down 0.6%

NGD opened at $9.03 on Thursday. New Gold Inc. has a 12 month low of $2.89 and a 12 month high of $13.63. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The business's 50-day moving average price is $11.12 and its 200-day moving average price is $8.84. The company has a market cap of $7.15 billion, a P/E ratio of 69.47 and a beta of 0.57.

Wall Street Analysts Forecast Growth

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

New Gold Profile

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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