Should I buy or sell New Gold stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NGD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NGD, but not buy additional shares or sell existing shares. View NGD analyst ratings or view top-rated stocks .

What is New Gold's stock price target for 2024?

5 brokerages have issued 12-month target prices for New Gold's shares. Their NGD share price targets range from $1.05 to $2.25. On average, they anticipate the company's share price to reach $1.64 in the next year. This suggests that the stock has a possible downside of 6.3%. View analysts price targets for NGD or view top-rated stocks among Wall Street analysts .

Are investors shorting New Gold?

New Gold saw a increase in short interest in March. As of March 31st, there was short interest totaling 6,120,000 shares, an increase of 57.7% from the March 15th total of 3,880,000 shares. Based on an average daily trading volume, of 6,030,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.0% of the shares of the stock are sold short. View New Gold's Short Interest .

How were New Gold's earnings last quarter?

New Gold Inc. (NYSEAMERICAN:NGD) released its earnings results on Tuesday, February, 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.03. The basic materials company earned $199.20 million during the quarter. New Gold had a negative net margin of 8.20% and a positive trailing twelve-month return on equity of 5.63%.

What ETFs hold New Gold's stock?

ETFs with the largest weight of New Gold (NYSEAMERICAN:NGD) stock in their portfolio include U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) , iShares MSCI Global Gold Miners ETF (RING) , VanEck Junior Gold Miners ETF (GDXJ) , iShares MSCI Global Silver and Metals Miners ETF (SLVP) , VanEck Gold Miners ETF (GDX) and Sprott Junior Gold Miners ETF (SGDJ) . Sprott Gold Miners ETF (SGDM) .

What other stocks do shareholders of New Gold own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Gold investors own include Xtrackers California Municipal Bond ETF (CA) , Alexco Resource (AXU) , Endologix (ELGX) , BlackRock (BLK) , Yamana Gold (AUY) , Micron Technology (MU) , Athabasca Oil (ATH) , Chipotle Mexican Grill (CMG) , First Cobalt (FCC) and Hecla Mining (HL) .

How do I buy shares of New Gold?

Shares of NGD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSEAMERICAN:NGD

New Gold (NGD) Stock Price, News & Analysis

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$1.72

-0.04 (-2.27%)

(As of 04:33 PM ET)

Compare

Today's Range: $1.71
▼
$1.79
50-Day Range: N/A
52-Week Range: $0.86
▼
$1.94

Volume: 11.13 million shs
Average Volume: 6.20 million shs
Market Capitalization: $1.19 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.64

Stock Analysis Analyst Forecasts Chart Earnings Financials Headlines Ownership SEC Filings Short Interest

Get New Gold alerts:

New Gold MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 6.3% Downside
$1.64 Price Target
Short Interest: Healthy
0.95% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.45
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 280.00%
From $0.05 to $0.19 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.88 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
New Gold has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
New Gold has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.95% of the float of New Gold has been sold short.
Short Interest Ratio / Days to Cover
New Gold has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in New Gold has recently increased by 57.73%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
New Gold does not currently pay a dividend.
Dividend Growth
New Gold does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NGD.

2.5

News and Social Media Coverage

News Sentiment
New Gold has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for New Gold this week, compared to 2 articles on an average week.
Search Interest
14 people have searched for NGD on MarketBeat in the last 30 days. This is an increase of 56% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added New Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Gold insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.20% of the stock of New Gold is held by insiders.
Percentage Held by Institutions
42.82% of the stock of New Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for New Gold are expected to grow by 280.00% in the coming year, from $0.05 to $0.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Gold is -19.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of New Gold is -19.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
New Gold has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
New Gold has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About New Gold Stock (NYSEAMERICAN:NGD)

New Gold Inc., an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia. New Gold Inc. is headquartered in Toronto, Canada.

NGD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NGD Stock News Headlines

April 14, 2024 | americanbankingnews.com

New Gold (NYSEAMERICAN:NGD) Sees Strong Trading Volume

April 11, 2024 | investorplace.com

If You Can Only Buy One Penny Stock in April, It Better Be One of These 7 Names

April 16, 2024 | DTI (Ad)

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April 9, 2024 | americanbankingnews.com

New Gold (NYSEAMERICAN:NGD) Given New $2.00 Price Target at Scotiabank

April 8, 2024 | msn.com

Gold looks ‘very vulnerable' to a setback, strategist says, after prices hit record high

April 7, 2024 | investorplace.com

The 7 Best Penny Stocks to Buy in April 2024

April 7, 2024 | americanbankingnews.com

New Gold (NYSEAMERICAN:NGD) Trading Up 5.2%

April 3, 2024 | ca.finance.yahoo.com

Stocks in play: New Gold Inc.

April 16, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 3, 2024 | prnewswire.com

NEW GOLD PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2024 RESULTS AND CONFERENCE CALL

April 1, 2024 | msn.com

India gold prices soar to record high, dampening demand, dealers say

March 29, 2024 | investorplace.com

7 High-Potential Penny Stocks to Buy for Massive ROI

March 28, 2024 | msn.com

‘Gold nuggets in night sky’: Astronomers find 49 new galaxies in 3 hrs

March 12, 2024 | finanznachrichten.de

Talisker Resources Ltd.: Talisker Signs Definitive Ore Purchase Agreement with New Gold Inc.

March 12, 2024 | financialpost.com

Talisker Signs Definitive Ore Purchase Agreement with New Gold Inc.

March 11, 2024 | msn.com

Miners help TSX hold just above the flatline

March 11, 2024 | seekingalpha.com

Lundin Gold: A Solid Buy-The-Dip Candidate

March 8, 2024 | fool.com

Why AngloGold Ashanti, Iamgold, and New Gold Are Soaring This Week

February 22, 2024 | businesswire.com

New Found Intercepts 3.2 g/t Au Over 43.8m and 10.3 g/t Au Over 13m at Keats West & Defines a New Gold Domain at Cokes Zone

February 17, 2024 | finance.yahoo.com

NGD Mar 2024 1.000 put

February 14, 2024 | msn.com

New Gold slides on Q4 loss; sees higher copper production this year

February 14, 2024 | msn.com

New Gold (NGD) Q4 Earnings Miss Estimates, Sales Rise Y/Y

February 14, 2024 | fool.com

New Gold (NGD) Q4 2023 Earnings Call Transcript

February 13, 2024 | finance.yahoo.com

NEW GOLD REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

February 13, 2024 | prnewswire.com

NEW GOLD REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

February 12, 2024 | benzinga.com

New Gold's Earnings Outlook

February 12, 2024 | benzinga.com

New Gold's Earnings: A Preview

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Sector: Basic Materials
Industry: Metal mining
Sub-Industry: N/A
Current Symbol: NYSEAMERICAN:NGD
CUSIP: N/A
CIK: 800166
Web: www.newgold.com
Phone: (416) 324-6000
Fax: 416-324-9494
Employees: 1,578
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1.64
High Stock Price Target: $2.25
Low Stock Price Target: $1.05
Potential Upside/Downside: -6.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.09)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 35.00
P/E Growth: 0.96
Net Income: $-64,500,000.00
Net Margins: -8.20%
Pretax Margin: -7.53%
Return on Equity: 5.63%
Return on Assets: 2.15%

Debt

Debt-to-Equity Ratio: 0.51
Current Ratio: 1.54
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $786.50 million
Price / Sales: 1.53
Cash Flow: $0.40 per share
Price / Cash Flow: 4.36
Book Value: $1.15 per share
Price / Book: 1.52

Miscellaneous

Outstanding Shares: 689,600,000
Free Float: 688,221,000
Market Cap: $1.21 billion
Optionable: Not Optionable
Beta: 1.54

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Key Executives

Mr. Patrick Godin Asc. (Age 55)
B.Sc., Eng., M.Eng., P.Eng., CEO, President & Director
Comp: $723.85k
Mr. Sean Keating
VP, General Counsel & Corporate Secretary
Mr. Ankit Shah
Executive VP of Strategy & Business Development
Ms. Bethany Paige Borody
Vice President of Sustainability
Mr. Keith Murphy
Executive VP & CFO
Mr. Yohann Bouchard
Executive VP & COO
Mr. Andrew Croal P.Eng
Director of Technical Services
Mr. Brandon Throop
Director of Investor Relations
Ms. Sharon Giraudel
Head of Human Resources
Mr. Jean-Francois Ravenelle
Vice President of Geology

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NGD Stock Analysis - Frequently Asked Questions

Should I buy or sell New Gold stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NGD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NGD, but not buy additional shares or sell existing shares.
View NGD analyst ratings or view top-rated stocks.
What is New Gold's stock price target for 2024?: 5 brokerages have issued 12-month target prices for New Gold's shares. Their NGD share price targets range from $1.05 to $2.25. On average, they anticipate the company's share price to reach $1.64 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for NGD or view top-rated stocks among Wall Street analysts.
Are investors shorting New Gold?: New Gold saw a increase in short interest in March. As of March 31st, there was short interest totaling 6,120,000 shares, an increase of 57.7% from the March 15th total of 3,880,000 shares. Based on an average daily trading volume, of 6,030,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.0% of the shares of the stock are sold short.
View New Gold's Short Interest.
How were New Gold's earnings last quarter?: New Gold Inc. (NYSEAMERICAN:NGD) released its earnings results on Tuesday, February, 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.03. The basic materials company earned $199.20 million during the quarter. New Gold had a negative net margin of 8.20% and a positive trailing twelve-month return on equity of 5.63%.

What ETFs hold New Gold's stock?: ETFs with the largest weight of New Gold (NYSEAMERICAN:NGD) stock in their portfolio include U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), iShares MSCI Global Gold Miners ETF (RING), VanEck Junior Gold Miners ETF (GDXJ), iShares MSCI Global Silver and Metals Miners ETF (SLVP), VanEck Gold Miners ETF (GDX) and Sprott Junior Gold Miners ETF (SGDJ).Sprott Gold Miners ETF (SGDM).
What other stocks do shareholders of New Gold own?: Based on aggregate information from My MarketBeat watchlists, some companies that other New Gold investors own include Xtrackers California Municipal Bond ETF (CA), Alexco Resource (AXU), Endologix (ELGX), BlackRock (BLK), Yamana Gold (AUY), Micron Technology (MU), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), First Cobalt (FCC) and Hecla Mining (HL).
How do I buy shares of New Gold?: Shares of NGD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEAMERICAN:NGD) was last updated on 4/16/2024 by MarketBeat.com Staff

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