New Gold (NGD) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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4 Wall Street analysts have issued 1 year price objectives for New Gold's stock. Their NGD share price forecasts range from $1.00 to $2.10. On average, they predict the company's share price to reach $1.38 in the next twelve months. This suggests a possible upside of 39.6% from the stock's current price.
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New Gold's stock was trading at $1.14 at the beginning of the year. Since then, NGD stock has decreased by 13.6% and is now trading at $0.9850.
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New Gold saw a increase in short interest in August. As of August 31st, there was short interest totaling 3,590,000 shares, an increase of 18.9% from the August 15th total of 3,020,000 shares. Based on an average daily volume of 2,690,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the company's stock are short sold.
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New Gold Inc. (NYSEAMERICAN:NGD) issued its quarterly earnings data on Wednesday, July, 26th. The basic materials company reported $0.02 earnings per share for the quarter. The basic materials company earned $184.40 million during the quarter. New Gold had a negative net margin of 7.93% and a positive trailing twelve-month return on equity of 1.10%.

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).

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

New Gold's stock is owned by a number of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (9.51%), Renaissance Technologies LLC (2.31%), TSP Capital Management Group LLC (1.61%), Invenomic Capital Management LP (0.87%), JPMorgan Chase & Co. (0.73%) and TD Asset Management Inc (0.53%).

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.
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One share of NGD stock can currently be purchased for approximately $0.99.

New Gold (NYSEAMERICAN:NGD) has a market capitalization of $674.04 million and generates $604.40 million in revenue each year. The basic materials company earns $-66,800,000.00 in net income (profit) each year or ($0.08) on an earnings per share basis.

The company employs 1,578 workers across the globe.

New Gold's mailing address is 181 Bay St Suite 3510, TORONTO, ON M5J 2T3, Canada. The official website for the company is www.newgold.com. The basic materials company can be reached via phone at (416) 324-6000, via email at info@newgold.com, or via fax at 416-324-9494.