New Gold (NGD) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $4.55 to $4.72
• 50-Day Range: $2.98 to $4.59
• 52-Week Range: $1.90 to $4.72
• Volume: 39.88 million shs
• Average Volume: 13.44 million shs
• Market Capitalization: $3.63 billion
• P/E Ratio: 35.31
• Dividend Yield: N/A
• Price Target: $4.13
• Consensus Rating: Buy

New Gold Stock Analysis - MarketRank™

New Gold scored higher than 61% of companies evaluated by MarketBeat, and ranked 111th out of 187 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.6 / 5
• Analyst Rating: Buy

Consensus Rating

New Gold has received a consensus rating of Buy. The company's average rating score is 3.14, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

New Gold has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 112.00%

Earnings Growth

Earnings for New Gold are expected to grow by 112.00% in the coming year, from $0.25 to $0.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of New Gold is 35.31, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of New Gold is 35.31, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 65.32.

Price to Book Value per Share Ratio

New Gold has a P/B Ratio of 2.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.90% 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 0.6, 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 17.40%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

New Gold does not currently pay a dividend.

Dividend Growth

New Gold does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.90% 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 0.6, 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 17.40%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.33

News Sentiment

New Gold has a news sentiment score of 1.33. 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 is a higher news sentiment than the 0.53 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for New Gold this week, compared to 6 articles on an average week.

Search Interest

16 people have searched for NGD on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.

MarketBeat Follows

8 people have added New Gold to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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.

NGD Stock Analysis - Frequently Asked Questions

How have NGD shares performed this year?

New Gold's stock was trading at $2.48 on January 1st, 2025. Since then, NGD shares have increased by 85.1% and is now trading at $4.59.
View the best growth stocks for 2025 here.

How were New Gold's earnings last quarter?

New Gold Inc. (NYSE:NGD) released its quarterly earnings data on Tuesday, October, 29th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. The company earned $252 million during the quarter. New Gold had a trailing twelve-month return on equity of 13.70% and a net margin of 11.10%.

Who are New Gold's major shareholders?

New Gold's top institutional investors include Invesco Ltd. (1.99%), American Century Companies Inc. (1.91%), Connor Clark & Lunn Investment Management Ltd. (1.46%) and JGP Global Gestao de Recursos Ltda. (1.35%).

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.

What other stocks do shareholders of New Gold own?

Based on aggregate information from My MarketBeat watchlists, some other companies that New Gold investors own include Alexco Resource (AXU), Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Kinross Gold (KGC), Hecla Mining (HL), Yamana Gold (AUY) and Micron Technology (MU).

Company Calendar

• Last Earnings: 10/29/2024
• Today: 6/02/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Metal mining
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:NGD
• Previous Symbol: NYSE:NGD
• CIK: 800166
• Web: www.newgold.com
• Phone: 416-324-6000
• Fax: 416-324-9494
• Employees: 1,570
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.13
• High Stock Price Target: $4.75
• Low Stock Price Target: $3.50
• Potential Upside/Downside: -9.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.14
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.17
• Trailing P/E Ratio: 35.31
• Forward P/E Ratio: 18.36
• P/E Growth: N/A
• Net Income: -$64.50 million
• Net Margins: 11.10%
• Pretax Margin: 9.00%
• Return on Equity: 13.70%
• Return on Assets: 6.31%

Debt

• Debt-to-Equity Ratio: 0.38
• Current Ratio: 1.39
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $941.50 million
• Price / Sales: 3.86
• Cash Flow: $0.95 per share
• Price / Cash Flow: 4.82
• Book Value: $1.82 per share
• Price / Book: 2.52

Miscellaneous

• Outstanding Shares: 791,429,000
• Free Float: 789,348,000
• Market Cap: $3.63 billion
• Optionable: N/A
• Beta: 0.54