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: $1.73 billion
  • Outstanding Shares: 575,531,000
Average Prices:
  • 50 Day Moving Avg: $2.93
  • 200 Day Moving Avg: $3.17
  • 52 Week Range: $2.39 - $6.04
P/E:
  • Trailing P/E Ratio: 107.50
  • Foreward P/E Ratio: 21.50
  • P/E Growth: 8.71
Sales & Book Value:
  • Annual Revenue: $698.8 million
  • Price / Sales: 2.48
  • Book Value: $3.98 per share
  • Price / Book: 0.76
Profitability:
  • EBIDTA: $287.9 million
  • Net Margins: 22.12%
  • Return on Equity: 6.89%
  • Return on Assets: 3.73%
Misc:
  • Average Volume: 6.82 million shs.
  • Short Ratio: 1.08
 

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) issued its quarterly earnings results on Wednesday, April, 26th. The company reported $0.02 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.02. The business had revenue of $169.50 million for the quarter, compared to analyst estimates of $174.99 million. New Gold had a return on equity of 6.89% and a net margin of 22.12%. The business's revenue was up 9.7% compared to the same quarter last year. View New Gold's Earnings History.

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

7 analysts have issued 12-month price targets for New Gold's stock. Their forecasts range from $3.00 to $5.00. On average, they anticipate New Gold's stock price to reach $3.84 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. " (5/23/2017)
  • 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 June. As of June 15th, there was short interest totalling 7,147,880 shares, an increase of 11.6% from the May 31st total of 6,404,799 shares. Based on an average daily trading volume, of 5,670,724 shares, the short-interest ratio is presently 1.3 days. Currently, 1.3% of the company's 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
  • Brian W. Penny, Chief Financial Officer, Executive Vice President
  • Raymond W. Threlkeld, Interim Chief Operating Officer, Director
  • Lisa Damiani, Vice President, General Counsel, Corporate Secretary
  • John Marshall, Vice President - Human Resources
  • Peter Marshall, Vice President - Project Development
  • Mark A. Petersen, Vice President - Exploration
  • Ian Wilton Pearce, Non-Executive Chairman of the Board
  • Robert J. Gallagher, Non Independent Director
  • Randall Oliphant, Director

Who owns New Gold stock?

New Gold's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (8.77%), Toronto Dominion Bank (4.02%), FMR LLC (2.89%), Hexavest Inc. (2.88%), Vanguard Group Inc. (2.11%) and Bank of New York Mellon Corp (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 Bank of New York Mellon Corp, OppenheimerFunds Inc., TD Asset Management Inc., Wells Fargo & Company MN, Greystone Managed Investments Inc., JPMorgan Chase & Co., Stifel Financial Corp and Morgan Stanley. 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 Hexavest Inc., Toronto Dominion Bank, Donald Smith & CO. Inc., Van ECK Associates Corp, Marlin Sams Capital Management LLC, Kopernik Global Investors LLC, Schroder Investment Management Group and Commerzbank Aktiengesellschaft FI. 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 $3.01.


MarketBeat Community Rating for New Gold (NYSE NGD)
Community Ranking:  1.6 out of 5 ()
Outperform Votes:  21 (Vote Outperform)
Underperform Votes:  43 (Vote Underperform)
Total Votes:  64
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, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.14)
Consensus Price Target: $3.84 (27.63% upside)

Analysts' Ratings History for New Gold (NYSE:NGD)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/15/2017Raymond James Financial, Inc.Reiterated RatingMarket Perform$3.50LowView Rating Details
6/13/2017Royal Bank Of CanadaReiterated RatingHold$3.75HighView 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 6/27/2015 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
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: $0.07 EPS
Next Year EPS Consensus Estimate: $0.14 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 logoNew Gold Inc. (NGD) Short Interest Up 11.6% in June
www.americanbankingnews.com - June 26 at 7:00 PM
americanbankingnews.com logoNew Gold Inc. (NGD) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - June 26 at 10:14 AM
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
americanbankingnews.com logoScotiabank Reiterates $3.00 Price Target for New Gold Inc. (NGD)
www.americanbankingnews.com - April 26 at 3:10 PM
americanbankingnews.com logoZacks: Analysts Expect New Gold Inc. (NGD) to Announce $0.02 EPS
www.americanbankingnews.com - April 26 at 9:09 AM
americanbankingnews.com logoNew Gold (NGD) Earning Somewhat Positive News Coverage, Study Shows
www.americanbankingnews.com - April 25 at 9:23 PM
americanbankingnews.com logoNew Gold (NGD) Earning Somewhat Negative News Coverage, Study Shows
www.americanbankingnews.com - April 22 at 12:17 AM
americanbankingnews.com logoNew Gold (NGD) Given Daily Coverage Optimism Rating of 0.26
www.americanbankingnews.com - April 17 at 8:45 PM
americanbankingnews.com logoShort Interest in New Gold Inc. (NGD) Increases By 24.1%
www.americanbankingnews.com - April 11 at 7:11 PM
finanznachrichten.de logoIIROC Trade Resumption - New Gold Inc.
www.finanznachrichten.de - February 23 at 8:58 AM
finance.yahoo.com logoIIROC Trading Halt - NGD
finance.yahoo.com - February 22 at 6:56 PM
prnewswire.com logoNew Gold Announces 2016 Financial Results with Record Low ... - PR Newswire (press release)
www.prnewswire.com - February 16 at 6:21 PM
finance.yahoo.com logoNew Gold reports 4Q loss - Yahoo Finance
finance.yahoo.com - February 16 at 6:21 PM
seekingalpha.com logoNew Gold: Rainy River Blues - Seeking Alpha
seekingalpha.com - February 16 at 6:21 PM
finance.yahoo.com logoNew Gold Announces Sale of El Morro Gold Stream for $65 Million
finance.yahoo.com - February 8 at 7:43 PM
us.rd.yahoo.com logoNew Gold downgraded by Credit Suisse
us.rd.yahoo.com - January 31 at 7:44 PM
capitalcube.com logoNew Gold, Inc. breached its 50 day moving average in a Bearish Manner : NGD-US : January 31, 2017
us.rd.yahoo.com - January 31 at 7:44 PM
us.rd.yahoo.com logoNew Gold warns of higher mine build cost, production delay at Rainy River
us.rd.yahoo.com - January 30 at 7:29 PM
finance.yahoo.com logo7:31 am New Gold 2016 gold production of 381,663 oz achieves the mid-point of guidance; sees production to increase to 380,000 to 430,000 ounces in 2017, benefitting from targeted first production at Rainy River in September; promotes Hanne
finance.yahoo.com - January 30 at 9:07 AM
us.rd.yahoo.com logo12:01 pm New Gold announces COO David Schummer is leaving the co and also appoints Hannes Portmann as President
us.rd.yahoo.com - December 20 at 12:46 PM
capitalcube.com logoETFs with exposure to New Gold, Inc. : December 19, 2016
us.rd.yahoo.com - December 20 at 12:46 PM
finance.yahoo.com logoGold Edges Lower as Unemployment Claims Disappoint
finance.yahoo.com - January 15 at 11:50 AM
finance.yahoo.com logoGLD Witnessed an Inflow: What Does It Mean for Investors?
finance.yahoo.com - January 12 at 1:25 PM
finance.yahoo.com logoGold Miners’ Geographic Exposure Impacts Growth Prospects
finance.yahoo.com - January 12 at 9:27 AM
finance.yahoo.com logoIntermediate Gold Miners Fell in 2015 and Beyond
finance.yahoo.com - January 12 at 9:27 AM

Social

Chart

New Gold (NGD) Chart for Tuesday, June, 27, 2017

This page was last updated on 6/27/2017 by MarketBeat.com Staff