New Gold Company Profile (NYSE:NGD)

About New Gold (NYSE:NGD)

New Gold logoNew Gold Inc. is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile. Its development projects include Rainy River and Blackwater projects, which are located in Canada. Its Rainy River project is a gold project located approximately 65 kilometers northwest of Fort Frances in northwestern Ontario, Canada. The Rainy River comprises approximately 192 square kilometers of various rights and claims. The Blackwater Project is located approximately 160 kilometers southwest of the city of Prince George in central British Columbia, Canada and 110 kilometers southwest of the town of Vanderhoof. The Blackwater project covers an area of over 1,000 square kilometers.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Integrated Mining
  • Sub-Industry: N/A
  • Symbol: NYSE:NGD
  • CUSIP: N/A
  • Web: www.newgold.com/
Capitalization:
  • Market Cap: $2.17 billion
  • Outstanding Shares: 576,178,000
Average Prices:
  • 50 Day Moving Avg: $3.62
  • 200 Day Moving Avg: $3.14
  • 52 Week Range: $2.39 - $4.99
P/E:
  • Trailing P/E Ratio: 38.87
  • Foreward P/E Ratio: 34.27
  • P/E Growth: 13.20
Sales & Book Value:
  • Annual Revenue: $704.1 million
  • Price / Sales: 3.09
  • Book Value: $4.01 per share
  • Price / Book: 0.94
Profitability:
  • EBIDTA: $282.1 million
  • Net Margins: 12.45%
  • Return on Equity: 4.03%
  • Return on Assets: 2.24%
Misc:
  • Average Volume: 5.82 million shs.
  • Short Ratio: 1.78
 

Frequently Asked Questions for New Gold (NYSE:NGD)

What is New Gold's stock symbol?

New Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "NGD."

How were New Gold's earnings last quarter?

New Gold Inc. (NYSE:NGD) announced its quarterly earnings data on Wednesday, July, 26th. The company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.02. The firm earned $185.60 million during the quarter, compared to the consensus estimate of $181.17 million. New Gold had a return on equity of 4.03% and a net margin of 12.45%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) earnings per share. View New Gold's Earnings History.

Where is New Gold's stock going? Where will New Gold's stock price be in 2017?

8 brokerages have issued twelve-month price objectives for New Gold's stock. Their forecasts range from $3.00 to $5.00. On average, they anticipate New Gold's share price to reach $3.88 in the next year. View Analyst Ratings for New Gold.

What are analysts saying about New Gold stock?

Here are some recent quotes from research analysts about New Gold stock:

  • 1. According to Zacks Investment Research, "New Gold Inc. is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia. " (7/27/2017)
  • 2. Credit Suisse Group analysts commented, "Reinstate coverage with US$3 TP and Underperform rating following research restriction. With NGD's US$173M equity raise (~10.7% dilution) and US$65M sale of El Morro, we estimate adequate liquidity to complete Rainy River (RR) down to ~US$1,100/oz. We had previously forecast a US$150M equity deal, thus our NAV/sh and OpCFa estimates are largely unchanged. We have rolled forward our NAV to 2017YE to capture RR's fully constructed value, offset by an increased net debt position. RR now represents 51% of our asset value. Our 2017 EPS increases to US$0.07 from $0.05." (3/16/2017)
  • 3. TD Securities analysts commented, "We are resuming coverage following the completion of New Gold’s $173mm equity financing." (3/14/2017)

Are investors shorting New Gold?

New Gold saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 6,012,079 shares, an increase of 9.1% from the August 15th total of 5,509,057 shares. Based on an average daily trading volume, of 3,822,600 shares, the short-interest ratio is presently 1.6 days. Approximately 1.1% of the shares of the stock are short sold.

Who are some of New Gold's key competitors?

Who are New Gold's key executives?

New Gold's management team includes the folowing people:

  • Hannes Portmann, President, Chief Executive Officer
  • Paula Myson, Chief Financial Officer, Executive Vice President
  • Raymond W. Threlkeld, Director
  • Barry O'Shea, Vice President - Finance, Vice President - Business Development
  • Lisa Damiani, Vice President, General Counsel, Corporate Secretary
  • Mark A. Petersen, Vice President - Exploration
  • Peter Woodhouse, Vice President - Projects
  • Ian Wilton Pearce, Non-Executive Chairman of the Board
  • Randall Oliphant, Director
  • Marilyn Schonberner, Director

Who owns New Gold stock?

New Gold's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (13.34%), Balyasny Asset Management LLC (2.90%), Hexavest Inc. (2.53%), FMR LLC (2.37%), Vanguard Group Inc. (2.03%) and Donald Smith & CO. Inc. (1.98%). View Institutional Ownership Trends for New Gold.

Who sold New Gold stock? Who is selling New Gold stock?

New Gold's stock was sold by a variety of institutional investors in the last quarter, including Fiera Capital Corp, Commerzbank Aktiengesellschaft FI, FMR LLC, Intrinsic Edge Capital Management LLC, Bank of New York Mellon Corp, Empyrean Capital Partners LP, Hexavest Inc. and Zurcher Kantonalbank Zurich Cantonalbank. View Insider Buying and Selling for New Gold.

Who bought New Gold stock? Who is buying New Gold stock?

New Gold's stock was acquired by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Balyasny Asset Management LLC, Alps Advisors Inc., Donald Smith & CO. Inc., Schroder Investment Management Group, JPMorgan Chase & Co., Russell Investments Group Ltd. and Vanguard Group Inc.. View Insider Buying and Selling for New Gold.

How do I buy New Gold stock?

Shares of New Gold can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is New Gold's stock price today?

One share of New Gold stock can currently be purchased for approximately $3.77.


MarketBeat Community Rating for New Gold (NYSE NGD)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  53 (Vote Outperform)
Underperform Votes:  72 (Vote Underperform)
Total Votes:  125
MarketBeat's community ratings are surveys of what our community members think about New Gold and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for New Gold (NYSE:NGD) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $3.88 (3.01% upside)

Analysts' Ratings History for New Gold (NYSE:NGD)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/23/2017Royal Bank Of CanadaSet Price TargetHold$4.00LowView Rating Details
7/24/2017National Bank FinancialUpgradeSector Perform -> OutperformHighView Rating Details
6/15/2017Raymond James Financial, Inc.Reiterated RatingMarket Perform$3.50LowView Rating Details
4/28/2017TD SecuritiesReiterated RatingBuy$5.00MediumView Rating Details
4/26/2017ScotiabankReiterated RatingSector Perform$3.00HighView Rating Details
3/16/2017Credit Suisse GroupInitiated CoverageUnderperform$3.00HighView Rating Details
3/13/2017DesjardinsInitiated CoverageBuyLowView Rating Details
1/31/2017GMP SecuritiesDowngradeBuy -> Hold$4.80N/AView Rating Details
(Data available from 9/19/2015 forward)

Earnings

Earnings History for New Gold (NYSE:NGD)
Earnings by Quarter for New Gold (NYSE:NGD)
Earnings History by Quarter for New Gold (NYSE NGD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/26/20176/30/2017$0.02$0.02$181.17 million$185.60 millionViewN/AView Earnings Details
4/26/20173/31/2017$0.02$0.02$174.99 million$169.50 millionViewN/AView Earnings Details
2/15/2017Q416$0.01($0.04)$167.83 million$170.30 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for New Gold (NYSE:NGD)
Current Year EPS Consensus Estimate: $0.06 EPS
Next Year EPS Consensus Estimate: $0.11 EPS

Dividends

Dividend History for New Gold (NYSE:NGD)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for New Gold (NYSE:NGD)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for New Gold (NYSE:NGD)
Latest Headlines for New Gold (NYSE:NGD)
Source:
DateHeadline
americanbankingnews.com logoShort Interest in New Gold Inc. (NGD) Increases By 9.1%
www.americanbankingnews.com - September 12 at 6:34 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - September 9 at 1:30 PM
americanbankingnews.com logoFinancial Contrast: McEwen Mining (MUX) vs. New Gold (NGD)
www.americanbankingnews.com - September 9 at 6:08 AM
msn.com logoTSX falls as financials lead retreat
www.msn.com - September 6 at 6:42 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Sees Large Drop in Short Interest
www.americanbankingnews.com - August 25 at 2:50 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Given a $4.00 Price Target by Royal Bank Of Canada Analysts
www.americanbankingnews.com - August 24 at 3:56 PM
finance.yahoo.com logoETFs with exposure to New Gold, Inc. : August 22, 2017
finance.yahoo.com - August 23 at 9:06 AM
finance.yahoo.com logoIAMGOLD’s Westwood Ramp-Up Is Proceeding as Planned
finance.yahoo.com - August 15 at 3:29 PM
finance.yahoo.com logoETFs with exposure to New Gold, Inc. : August 11, 2017
finance.yahoo.com - August 12 at 6:15 AM
americanbankingnews.com logoNew Gold Inc. (NYSE:NGD) Short Interest Down 5.3% in July
www.americanbankingnews.com - August 10 at 8:07 AM
seekingalpha.com logoNew Gold's Shares Should Experience Significant Near-Term Gains - Seeking Alpha
seekingalpha.com - July 29 at 8:15 PM
americanbankingnews.com logoContrasting New Gold (NGD) & Freeport-McMoran (FCX)
www.americanbankingnews.com - July 29 at 6:13 PM
americanbankingnews.com logoNew Gold Inc. (NYSE:NGD) Releases Earnings Results, Meets Estimates
www.americanbankingnews.com - July 28 at 8:32 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Short Interest Down 45.2% in July
www.americanbankingnews.com - July 25 at 6:45 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Upgraded at National Bank Financial
www.americanbankingnews.com - July 24 at 2:14 PM
americanbankingnews.com logoNew Gold Inc. (NYSE:NGD) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 21 at 10:56 AM
finance.yahoo.com logoNew Gold, Inc. breached its 50 day moving average in a Bearish Manner : NGD-US : July 20, 2017
finance.yahoo.com - July 21 at 3:45 AM
americanbankingnews.com logoAllegheny Technologies (ATI) & New Gold (NGD) Head-To-Head Analysis
www.americanbankingnews.com - July 20 at 10:16 PM
americanbankingnews.com logoNew Gold Inc. (NYSE:NGD) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - July 15 at 1:04 PM
finance.yahoo.com logoETFs with exposure to New Gold, Inc. : July 14, 2017
finance.yahoo.com - July 15 at 6:50 AM
americanbankingnews.com logoShort Interest in New Gold Inc. (NYSE:NGD) Rises By 73.3%
www.americanbankingnews.com - July 12 at 6:24 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Downgraded by Zacks Investment Research
www.americanbankingnews.com - July 1 at 7:38 AM
americanbankingnews.com logoCritical Survey: MAG Silver Corp (MAG) versus New Gold (NGD)
www.americanbankingnews.com - June 27 at 10:22 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Short Interest Up 11.6% in June
www.americanbankingnews.com - June 26 at 7:00 PM
finance.yahoo.com logoNew Gold, Inc. breached its 50 day moving average in a Bullish Manner : NGD-US : June 23, 2017
finance.yahoo.com - June 23 at 8:23 AM
americanbankingnews.com logoRoyal Bank Of Canada Reaffirms "Hold" Rating for New Gold Inc. (NGD)
www.americanbankingnews.com - June 18 at 7:34 PM
finance.yahoo.com logoETFs with exposure to New Gold, Inc. : June 15, 2017
finance.yahoo.com - June 16 at 8:08 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Rating Reiterated by Raymond James Financial, Inc.
www.americanbankingnews.com - June 15 at 10:56 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Short Interest Down 25.1% in May
www.americanbankingnews.com - June 9 at 5:18 PM
finance.yahoo.com logoNew Gold, Inc. breached its 50 day moving average in a Bullish Manner : NGD-US : June 7, 2017
finance.yahoo.com - June 7 at 8:39 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - May 30 at 11:04 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - May 28 at 8:36 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Short Interest Update
www.americanbankingnews.com - May 25 at 7:12 AM
finance.yahoo.com logoGold and Other Precious Metals Fell on May 18
finance.yahoo.com - May 22 at 6:04 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Stock Rating Reaffirmed by Royal Bank of Canada
www.americanbankingnews.com - May 16 at 7:34 PM
finance.yahoo.com logoETFs with exposure to New Gold, Inc. : May 15, 2017
finance.yahoo.com - May 15 at 6:07 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Sees Significant Growth in Short Interest
www.americanbankingnews.com - May 9 at 6:56 PM
americanbankingnews.com logoAnalysts Set New Gold Inc. (NGD) Price Target at $3.95
www.americanbankingnews.com - May 8 at 11:33 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - May 5 at 11:54 AM
americanbankingnews.com logoNew Gold (NGD) Earns Media Sentiment Score of 0.12
www.americanbankingnews.com - May 4 at 5:12 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Somewhat Unlikely to Impact New Gold (NGD) Stock Price
www.americanbankingnews.com - May 1 at 6:08 PM
finance.yahoo.com logoETFs with exposure to New Gold, Inc. : May 1, 2017
finance.yahoo.com - May 1 at 5:46 PM
americanbankingnews.com logoTD Securities Analysts Give New Gold Inc. (NGD) a $5.00 Price Target
www.americanbankingnews.com - April 29 at 10:04 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Posts Quarterly Earnings Results, Meets Expectations
www.americanbankingnews.com - April 29 at 1:21 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Releases Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - April 29 at 12:34 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Issues Quarterly Earnings Results, Meets Expectations
www.americanbankingnews.com - April 29 at 12:12 AM
americanbankingnews.com logoNew Gold Inc. (NGD) Issues Quarterly Earnings Results
www.americanbankingnews.com - April 28 at 11:14 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Somewhat Likely to Impact New Gold (NGD) Stock Price
www.americanbankingnews.com - April 28 at 10:14 PM
finance.yahoo.com logoNew Gold, Inc. breached its 50 day moving average in a Bearish Manner : NGD-US : April 28, 2017
finance.yahoo.com - April 28 at 7:50 PM
finance.yahoo.com logoNew Gold, Inc. :NGD-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017
finance.yahoo.com - April 28 at 7:50 PM

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Chart

New Gold (NGD) Chart for Tuesday, September, 19, 2017

This page was last updated on 9/19/2017 by MarketBeat.com Staff