Should I buy or sell New Gold stock right now?

5 Wall Street research 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 research 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 Wall Street research analysts have issued 12-month price targets 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 $1.66 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price. View analysts price targets for NGD or view top-rated stocks among Wall Street analysts .

How have NGD shares performed in 2023?

New Gold's stock was trading at $1.14 at the beginning of the year. Since then, NGD stock has increased by 23.7% and is now trading at $1.41. View the best growth stocks for 2023 here .

Are investors shorting New Gold?

New Gold saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,380,000 shares, a decrease of 53.4% from the October 31st total of 2,960,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short. View New Gold's Short Interest .

How were New Gold's earnings last quarter?

New Gold Inc. (NYSEAMERICAN:NGD) announced its quarterly earnings data on Wednesday, October, 25th. The basic materials company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. The basic materials company had revenue of $201.30 million for the quarter. New Gold had a positive trailing twelve-month return on equity of 5.19% and a negative net margin of 7.20%.

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 CA (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) .

Who are New Gold's major shareholders?

New Gold's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (9.51%), American Century Companies Inc. (0.74%), TD Asset Management Inc (0.51%), Heartland Advisors Inc. (0.51%), Deutsche Bank AG (0.41%) and Deutsche Bank AG (0.41%).

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

New Gold Stock Price, News & Analysis (NYSEAMERICAN:NGD)

$1.41

-0.09 (-6.00%)

(As of 12/4/2023 ET)

Compare

Today's Range: $1.40
▼
$1.50
50-Day Range: $1.04
▼
$1.47
52-Week Range: $0.82
▼
$1.52

Volume: 4.84 million shs
Average Volume: 3.11 million shs
Market Capitalization: $965.16 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.66

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

New Gold MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 17.7% Upside
$1.66 Price Target
Short Interest: Healthy
0.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.59
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 66.67%
From $0.06 to $0.10 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

2.0

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.
Price Target Upside/Downside
According to analysts' consensus price target of $1.66, New Gold has a forecasted upside of 17.7% from its current price of $1.41.
Amount of Analyst Coverage
New Gold has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.20% 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 decreased by 53.38%, indicating that investor sentiment is improving 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.

3.1

News and Social Media Coverage

News Sentiment
New Gold has a news sentiment score of 0.59. 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 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for New Gold this week, compared to 2 articles on an average week.
Search Interest
10 people have searched for NGD on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

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
Only 31.78% of the stock of New Gold is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for New Gold are expected to grow by 66.67% in the coming year, from $0.06 to $0.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Gold is -20.14, 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 -20.14, 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 0.45. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
New Gold has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About New Gold Stock (NYSEAMERICAN:NGD)

New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; New Afton mine situated in British Columbia, Canada; and the Cerro San Pedro mine in San Luis Potosí, Mexico. New Gold Inc. was founded in 1980 and is headquartered in Toronto, Canada.

NGD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NGD Stock News Headlines

December 4, 2023 | theglobeandmail.com

Monday’s breakouts: This surging small-cap stock will soon be added to the TSX Composite

December 1, 2023 | theglobeandmail.com

Two technology companies whacked from Canada’s big stock index

December 4, 2023 | Financial Alphas (Ad)

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November 30, 2023 | finance.yahoo.com

New Gold Announces Appointment of Keith Murphy as Chief Financial Officer

November 30, 2023 | americanbankingnews.com

New Gold (NYSEAMERICAN:NGD) PT Raised to $1.75 at Raymond James

November 30, 2023 | americanbankingnews.com

FY2023 EPS Estimates for New Gold Inc. (NYSEAMERICAN:NGD) Increased by Analyst

November 29, 2023 | msn.com

Should You Buy New Gold (NGD) After Golden Cross?

November 27, 2023 | benzinga.com

Thinking about buying stock in Turnstone Biologics, Iterum Therapeutics, New Gold, GeneDx Holdings, or Tempest Therapeutics?

December 4, 2023 | DTI Trader (Ad)

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November 26, 2023 | americanbankingnews.com

New Gold (NYSEAMERICAN:NGD) Upgraded to "Buy" by StockNews.com

November 25, 2023 | americanbankingnews.com

New Gold Inc. (NYSEAMERICAN:NGD) Receives Average Recommendation of "Hold" from Analysts

November 13, 2023 | finance.yahoo.com

Shareholders in New Gold (TSE:NGD) have lost 36%, as stock drops 8.7% this past week

October 31, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why New Gold (NGD) is a Great Choice

October 31, 2023 | msn.com

3 Reasons Growth Investors Will Love New Gold (NGD)

October 27, 2023 | finance.yahoo.com

New Gold Inc. (AMEX:NGD) Q3 2023 Earnings Call Transcript

October 26, 2023 | finance.yahoo.com

New Gold (NGD) Q3 2023 Earnings Call Transcript

October 26, 2023 | msn.com

NGD or AEM: Which Is the Better Value Stock Right Now?

October 26, 2023 | finanznachrichten.de

New Gold Inc.: New Gold Reports 2023 Third Quarter Results

October 25, 2023 | juniorminingnetwork.com

New Gold Reports 2023 Third Quarter Results; Consolidated 2023 Production Tracking to Top End of Guidance

October 25, 2023 | finance.yahoo.com

New Gold Reports 2023 Third Quarter Results

October 24, 2023 | benzinga.com

A Preview Of New Gold's Earnings

October 23, 2023 | theglobeandmail.com

Closing Bell: New Gold Inc flat on Monday (NGD)

October 16, 2023 | markets.businessinsider.com

New Gold (NGD) Gets a Buy from RBC Capital

October 13, 2023 | msn.com

Gold Price Recovery Sends Mining Stocks Surging

October 12, 2023 | markets.businessinsider.com

Delayed Returns and Execution Risks Reinforce Sell Rating for New Gold: A Comprehensive Analysis

October 10, 2023 | finance.yahoo.com

New Gold Outlines Opportunities to Extend C-Zone Beyond 2030, Presents Strategic Pipeline for Additional Mine Life Extension at New Afton

October 6, 2023 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: New Gold (NGD), Hecla Mining Company (HL) and Sandstorm Gold (SAND)

See More Headlines

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Company Calendar

Last Earnings: 10/25/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Metal mining
Sub-Industry: N/A
Sector: Basic Materials
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: $1.66
High Stock Price Target: $2.25
Low Stock Price Target: $1.05
Potential Upside/Downside: +13.7%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 24.33
P/E Growth: 0.45
Net Income: $-66,800,000.00
Net Margins: -7.20%
Pretax Margin: -4.55%
Return on Equity: 5.19%
Return on Assets: 2.09%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 1.63
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $604.40 million
Price / Sales: 1.65
Cash Flow: $0.24 per share
Price / Cash Flow: 6.03
Book Value: $1.41 per share
Price / Book: 1.04

Miscellaneous

Outstanding Shares: 684,510,000
Free Float: 683,139,000
Market Cap: $999.38 million
Optionable: Not Optionable
Beta: 1.58

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Key Executives

Mr. Patrick Godin Asc. (Age 54)
B.Sc., Eng., M.Eng., P.Eng., CEO, President & Director
Comp: $712.22k
Mr. Robert J. Chausse B.Com.
C.A., CPA, Executive VP & CFO
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. 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 research 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 research 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 Wall Street research analysts have issued 12-month price targets 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 $1.66 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price.
View analysts price targets for NGD or view top-rated stocks among Wall Street analysts.
How have NGD shares performed in 2023?: New Gold's stock was trading at $1.14 at the beginning of the year. Since then, NGD stock has increased by 23.7% and is now trading at $1.41.
View the best growth stocks for 2023 here.
Are investors shorting New Gold?: New Gold saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,380,000 shares, a decrease of 53.4% from the October 31st total of 2,960,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are sold short.
View New Gold's Short Interest.

How were New Gold's earnings last quarter?: New Gold Inc. (NYSEAMERICAN:NGD) announced its quarterly earnings data on Wednesday, October, 25th. The basic materials company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. The basic materials company had revenue of $201.30 million for the quarter. New Gold had a positive trailing twelve-month return on equity of 5.19% and a negative net margin of 7.20%.
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 CA (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).
Who are New Gold's major shareholders?: New Gold's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (9.51%), American Century Companies Inc. (0.74%), TD Asset Management Inc (0.51%), Heartland Advisors Inc. (0.51%), Deutsche Bank AG (0.41%) and Deutsche Bank AG (0.41%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSEAMERICAN:NGD) was last updated on 12/4/2023 by MarketBeat.com Staff

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