New 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/
- Market Cap: $2.17 billion
- Outstanding Shares: 576,178,000
- 50 Day Moving Avg: $3.62
- 200 Day Moving Avg: $3.14
- 52 Week Range: $2.39 - $4.99
Sales & Book Value:
- Trailing P/E Ratio: 38.87
- Foreward P/E Ratio: 34.27
- P/E Growth: 13.20
- Annual Revenue: $704.1 million
- Price / Sales: 3.09
- Book Value: $4.01 per share
- Price / Book: 0.94
- EBIDTA: $282.1 million
- Net Margins: 12.45%
- Return on Equity: 4.03%
- Return on Assets: 2.24%
- 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?
Some companies that are related to New Gold include Polymetal International PLC (POLY), KAZ Minerals PLC (KAZ), Yamana Gold (AUY), Allegheny Technologies Incorporated (ATI), Vedanta Resources plc (VED), Pretium Resources (PVG), MAG Silver Corp (MAG), McEwen Mining (MUX), Fortuna Silver Mines (FSM), Seabridge Gold (SA), Northern Dynasty Minerals Ltd (NAK), Dorchester Minerals, L.P. (DMLP), SolGold plc (SOLG), Central Asia Metals Ltd (CAML), Anglo Pacific Group plc (APF), Gold Resource (GORO), Polymet Mining Corp (PLM) and A-Mark Precious Metals (AMRK).
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?
MarketBeat Community Rating for New Gold (NYSE NGD)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.
One share of New Gold stock can currently be purchased for approximately $3.77.
Consensus Ratings for New Gold (NYSE:NGD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/23/2017||Royal Bank Of Canada||Set Price Target||Hold||$4.00||Low|
|7/24/2017||National Bank Financial||Upgrade||Sector Perform -> Outperform||High|
|6/15/2017||Raymond James Financial, Inc.||Reiterated Rating||Market Perform||$3.50||Low|
|4/28/2017||TD Securities||Reiterated Rating||Buy||$5.00||Medium|
|4/26/2017||Scotiabank||Reiterated Rating||Sector Perform||$3.00||High|
|3/16/2017||Credit Suisse Group||Initiated Coverage||Underperform||$3.00||High|
|1/31/2017||GMP Securities||Downgrade||Buy -> Hold||$4.80||N/A|
Earnings History for New Gold (NYSE:NGD)Earnings History by Quarter for New Gold (NYSE NGD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||6/30/2017||$0.02||$0.02||$181.17 million||$185.60 million||View||N/A|
|4/26/2017||3/31/2017||$0.02||$0.02||$174.99 million||$169.50 million||View||N/A|
|2/15/2017||Q416||$0.01||($0.04)||$167.83 million||$170.30 million||View||N/A|
Earnings Estimates for New Gold (NYSE:NGD)
Current Year EPS Consensus Estimate: $0.06 EPS
Next Year EPS Consensus Estimate: $0.11 EPS
Dividend History for New Gold (NYSE:NGD)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for New Gold (NYSE:NGD)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for New Gold (NYSE:NGD)
Latest Headlines for New Gold (NYSE:NGD)
|Short Interest in New Gold Inc. (NGD) Increases By 9.1%|
www.americanbankingnews.com - September 12 at 6:34 PM
|New Gold Inc. (NGD) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - September 9 at 1:30 PM
|Financial Contrast: McEwen Mining (MUX) vs. New Gold (NGD)|
www.americanbankingnews.com - September 9 at 6:08 AM
|TSX falls as financials lead retreat|
www.msn.com - September 6 at 6:42 AM
|New Gold Inc. (NGD) Sees Large Drop in Short Interest|
www.americanbankingnews.com - August 25 at 2:50 AM
|New Gold Inc. (NGD) Given a $4.00 Price Target by Royal Bank Of Canada Analysts|
www.americanbankingnews.com - August 24 at 3:56 PM
|ETFs with exposure to New Gold, Inc. : August 22, 2017|
finance.yahoo.com - August 23 at 9:06 AM
|IAMGOLD’s Westwood Ramp-Up Is Proceeding as Planned|
finance.yahoo.com - August 15 at 3:29 PM
|ETFs with exposure to New Gold, Inc. : August 11, 2017|
finance.yahoo.com - August 12 at 6:15 AM
|New Gold Inc. (NYSE:NGD) Short Interest Down 5.3% in July|
www.americanbankingnews.com - August 10 at 8:07 AM
|New Gold's Shares Should Experience Significant Near-Term Gains - Seeking Alpha|
seekingalpha.com - July 29 at 8:15 PM
|Contrasting New Gold (NGD) & Freeport-McMoran (FCX)|
www.americanbankingnews.com - July 29 at 6:13 PM
|New Gold Inc. (NYSE:NGD) Releases Earnings Results, Meets Estimates|
www.americanbankingnews.com - July 28 at 8:32 PM
|New Gold Inc. (NGD) Short Interest Down 45.2% in July|
www.americanbankingnews.com - July 25 at 6:45 PM
|New Gold Inc. (NGD) Upgraded at National Bank Financial|
www.americanbankingnews.com - July 24 at 2:14 PM
|New Gold Inc. (NYSE:NGD) Receives Average Rating of "Hold" from Brokerages|
www.americanbankingnews.com - July 21 at 10:56 AM
|New 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
|Allegheny Technologies (ATI) & New Gold (NGD) Head-To-Head Analysis|
www.americanbankingnews.com - July 20 at 10:16 PM
|New Gold Inc. (NYSE:NGD) Cut to Sell at Zacks Investment Research|
www.americanbankingnews.com - July 15 at 1:04 PM
|ETFs with exposure to New Gold, Inc. : July 14, 2017|
finance.yahoo.com - July 15 at 6:50 AM
|Short Interest in New Gold Inc. (NYSE:NGD) Rises By 73.3%|
www.americanbankingnews.com - July 12 at 6:24 PM
|New Gold Inc. (NGD) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - July 1 at 7:38 AM
|Critical Survey: MAG Silver Corp (MAG) versus New Gold (NGD)|
www.americanbankingnews.com - June 27 at 10:22 PM
|New Gold Inc. (NGD) Short Interest Up 11.6% in June|
www.americanbankingnews.com - June 26 at 7:00 PM
|New 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
|Royal Bank Of Canada Reaffirms "Hold" Rating for New Gold Inc. (NGD)|
www.americanbankingnews.com - June 18 at 7:34 PM
|ETFs with exposure to New Gold, Inc. : June 15, 2017|
finance.yahoo.com - June 16 at 8:08 AM
|New Gold Inc. (NGD) Rating Reiterated by Raymond James Financial, Inc.|
www.americanbankingnews.com - June 15 at 10:56 AM
|New Gold Inc. (NGD) Short Interest Down 25.1% in May|
www.americanbankingnews.com - June 9 at 5:18 PM
|New 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
|New Gold Inc. (NGD) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - May 30 at 11:04 AM
|New Gold Inc. (NGD) Raised to "Buy" at Zacks Investment Research|
www.americanbankingnews.com - May 28 at 8:36 AM
|New Gold Inc. (NGD) Short Interest Update|
www.americanbankingnews.com - May 25 at 7:12 AM
|Gold and Other Precious Metals Fell on May 18|
finance.yahoo.com - May 22 at 6:04 PM
|New Gold Inc. (NGD) Stock Rating Reaffirmed by Royal Bank of Canada|
www.americanbankingnews.com - May 16 at 7:34 PM
|ETFs with exposure to New Gold, Inc. : May 15, 2017|
finance.yahoo.com - May 15 at 6:07 PM
|New Gold Inc. (NGD) Sees Significant Growth in Short Interest|
www.americanbankingnews.com - May 9 at 6:56 PM
|Analysts Set New Gold Inc. (NGD) Price Target at $3.95|
www.americanbankingnews.com - May 8 at 11:33 PM
|New Gold Inc. (NGD) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - May 5 at 11:54 AM
|New Gold (NGD) Earns Media Sentiment Score of 0.12|
www.americanbankingnews.com - May 4 at 5:12 PM
|Somewhat Favorable Media Coverage Somewhat Unlikely to Impact New Gold (NGD) Stock Price|
www.americanbankingnews.com - May 1 at 6:08 PM
|ETFs with exposure to New Gold, Inc. : May 1, 2017|
finance.yahoo.com - May 1 at 5:46 PM
|TD Securities Analysts Give New Gold Inc. (NGD) a $5.00 Price Target|
www.americanbankingnews.com - April 29 at 10:04 AM
|New Gold Inc. (NGD) Posts Quarterly Earnings Results, Meets Expectations|
www.americanbankingnews.com - April 29 at 1:21 AM
|New Gold Inc. (NGD) Releases Quarterly Earnings Results, Hits Expectations|
www.americanbankingnews.com - April 29 at 12:34 AM
|New Gold Inc. (NGD) Issues Quarterly Earnings Results, Meets Expectations|
www.americanbankingnews.com - April 29 at 12:12 AM
|New Gold Inc. (NGD) Issues Quarterly Earnings Results|
www.americanbankingnews.com - April 28 at 11:14 PM
|Somewhat Favorable Press Coverage Somewhat Likely to Impact New Gold (NGD) Stock Price|
www.americanbankingnews.com - April 28 at 10:14 PM
|New 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
|New Gold, Inc. :NGD-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017|
finance.yahoo.com - April 28 at 7:50 PM
New Gold (NGD) Chart for Tuesday, September, 19, 2017