NYSEAMERICAN:NGD New Gold (NGD) Stock Forecast, Price & News $0.98 -0.02 (-1.99%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$0.97▼$1.0250-Day Range$1.04▼$1.4752-Week Range$0.73▼$1.48Volume1.72 million shsAverage Volume1.38 million shsMarket Capitalization$674.04 millionP/E RatioN/ADividend YieldN/APrice Target$1.38 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media New Gold MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside39.6% Upside$1.38 Price TargetShort InterestHealthy0.53% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.08Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth116.67%From $0.06 to $0.13 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.14 out of 5 stars 3.0 Analyst's Opinion Consensus RatingNew Gold has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $1.38, New Gold has a forecasted upside of 39.6% from its current price of $0.99.Amount of Analyst CoverageNew Gold has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.53% of the float of New Gold has been sold short.Short Interest Ratio / Days to CoverNew Gold has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in New Gold has recently increased by 18.87%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldNew Gold does not currently pay a dividend.Dividend GrowthNew Gold does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NGD. Previous Next 2.3 News and Social Media Coverage News SentimentNew Gold has a news sentiment score of 0.08. 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 lower news sentiment than the 0.50 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 3 news articles for New Gold this week, compared to 1 article on an average week.MarketBeat Follows7 people have added New Gold to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Gold insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.20% of the stock of New Gold is held by insiders.Percentage Held by InstitutionsOnly 31.78% of the stock of New Gold is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for New Gold are expected to grow by 116.67% in the coming year, from $0.06 to $0.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Gold is -12.31, 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. SectorThe P/E ratio of New Gold is -12.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioNew Gold has a PEG Ratio of 3.48. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNew Gold has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About New Gold (NYSEAMERICAN:NGD) StockNew 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.Read More NGD Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NGD Stock News HeadlinesSeptember 21, 2023 | cnbc.comGold prices dip as Fed ratchets up tightening biasSeptember 21, 2023 | theglobeandmail.comClosing Bell: New Gold Inc flat on Wednesday (NGD)September 24, 2023 | Legacy Research (Ad)Reverse ‘money machines’ popping up across AmericaIf you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. The experts are calling it a 'Reverse ATM' Why are these machines suddenly appearing out of nowhere? And what does it mean for your money?September 20, 2023 | americanbankingnews.comNew Gold (NYSEAMERICAN:NGD) Lowered to "Hold" at StockNews.comSeptember 17, 2023 | americanbankingnews.comNew Gold (NYSEAMERICAN:NGD) Shares Gap Up to $1.00September 14, 2023 | americanbankingnews.comBrokerages Set New Gold Inc. (NYSEAMERICAN:NGD) Price Target at $1.38September 12, 2023 | markets.businessinsider.comNew Gold (NGD) Receives a Buy from RBC CapitalAugust 19, 2023 | msn.comNew Gold: Shareholder Confidence WeakeningSeptember 24, 2023 | Legacy Research (Ad)Reverse ‘money machines’ popping up across AmericaIf you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. The experts are calling it a 'Reverse ATM' Why are these machines suddenly appearing out of nowhere? And what does it mean for your money?August 17, 2023 | theglobeandmail.comClosing Bell: New Gold Inc flat on Thursday (NGD)August 17, 2023 | msn.comNew Gold: A Turnaround Story At A Reasonable PriceAugust 11, 2023 | msn.comNew Gold resumes New Afton underground mining after brief suspensionAugust 10, 2023 | msn.comNew Gold suspends New Afton underground mining activitiesAugust 4, 2023 | finance.yahoo.comNew Gold (NGD) Q2 2023 Earnings Call TranscriptJuly 28, 2023 | markets.businessinsider.comNational Bank Sticks to Its Hold Rating for New Gold (NGD)July 27, 2023 | seekingalpha.comNew Gold Inc. 2023 Q2 - Results - Earnings Call PresentationJuly 26, 2023 | juniorminingnetwork.comNew Gold Reports 2023 Second Quarter Results; On-Track to Achieve 2023 Production and...July 26, 2023 | finance.yahoo.comNew Gold Reports 2023 Second Quarter ResultsJuly 24, 2023 | finance.yahoo.com10 Best Gold Stocks Under $50July 20, 2023 | finance.yahoo.comNGD vs. TFPM: Which Stock Should Value Investors Buy Now?July 16, 2023 | seekingalpha.comNew Gold: Another Solid Quarter In Q2 - Assessing The Ideal Buy ZoneJuly 11, 2023 | msn.comNew Gold Q2 gold equivalent production soars 45% to 102K ozJuly 11, 2023 | finance.yahoo.comNew Gold Reports Strong Second Quarter Operational ResultsJuly 9, 2023 | finance.yahoo.comNew Gold Inc.'s (TSE:NGD) top owners are retail investors with 55% stake, while 45% is held by institutionsJune 30, 2023 | markets.businessinsider.comRBC Capital Remains a Buy on New Gold (NGD)June 19, 2023 | finance.yahoo.comNew Gold Publishes 2022 ESG ReportJune 8, 2023 | finanznachrichten.deRelevant Gold Corp.: Relevant Gold Corp Closes Oversubscribed $3M Non-Brokered Private Placement with Participation from New Gold and Rob McEwenSee More Headlines Receive NGD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Gold and its competitors with MarketBeat's FREE daily newsletter. Email Address NGD Company Calendar Last Earnings7/26/2023Today9/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSEAMERICAN Industry Metal mining Sub-IndustryN/A SectorBasic Materials Current SymbolNYSEAMERICAN:NGD CUSIPN/A CIK800166 Webwww.newgold.com Phone(416) 324-6000Fax416-324-9494Employees1,578Year FoundedN/APrice Target and Rating Average Stock Price Forecast$1.38 High Stock Price Forecast$2.10 Low Stock Price Forecast$1.00 Forecasted Upside/Downside+39.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.08) Trailing P/E RatioN/A Forward P/E Ratio16.42 P/E Growth3.48Net Income$-66,800,000.00 Net Margins-7.93% Pretax Margin-7.84% Return on Equity1.10% Return on Assets0.46% Debt Debt-to-Equity Ratio0.45 Current Ratio1.71 Quick Ratio1.05 Sales & Book Value Annual Sales$604.40 million Price / Sales1.12 Cash Flow$0.25 per share Price / Cash Flow3.96 Book Value$1.41 per share Price / Book0.70Miscellaneous Outstanding Shares684,300,000Free Float682,929,000Market Cap$674.04 million OptionableOptionable Beta1.58 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Patrick Godin Asc. (Age 54)B.Sc., Eng., M.Eng., P.Eng., CEO, Pres & Director Comp: $727.67kMr. Robert J. Chausse B.Com.C.A., CPA, Exec. VP & CFOMr. Sean KeatingVP, Gen. Counsel & Corp. Sec.Mr. Ankit ShahExec. VP of Strategy & Bus. Devel.Ms. Bethany Paige BorodyVP of SustainabilityMr. Yohann BouchardExec. VP & COOMr. Andrew Croal P.EngDirector of Technical ServicesMr. Brandon ThroopDirector of Investor RelationsMs. Sharon GiraudelDirector of HRMr. Jean-Francois RavenelleVP of GeologyMore ExecutivesKey CompetitorsNexa ResourcesNYSE:NEXANorth American PalladiumOTCMKTS:PALDFFission UraniumOTCMKTS:FCUUFFerroglobeNASDAQ:GSMPolyMet MiningNYSEAMERICAN:PLMView All CompetitorsInstitutional OwnershipAlberta Investment Management CorpSold 83,800 shares on 8/24/2023Ownership: 0.054%Wolverine Trading LLCSold 10,400 shares on 8/23/2023Ownership: 0.000%CreativeOne Wealth LLCBought 30,950 shares on 8/16/2023Ownership: 0.005%Y Intercept Hong Kong LtdBought 69,012 shares on 8/15/2023Ownership: 0.010%Citadel Advisors LLCSold 10,600 shares on 8/15/2023Ownership: 0.000%View All Institutional Transactions NGD Stock - Frequently Asked Questions Should I buy or sell New Gold stock right now? 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. View NGD analyst ratings or view top-rated stocks. What is New Gold's stock price forecast for 2023? 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. 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 decreased by 13.6% and is now trading at $0.9850. View the best growth stocks for 2023 here. Are investors shorting New Gold? 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. View New Gold's Short Interest. How were New Gold's earnings last quarter? 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%. 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). What is New Gold's stock symbol? New Gold trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "NGD." Who are New Gold's major shareholders? 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%). 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. What is New Gold's stock price today? One share of NGD stock can currently be purchased for approximately $0.99. How much money does New Gold make? 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. How many employees does New Gold have? The company employs 1,578 workers across the globe. How can I contact New Gold? 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. This page (NYSEAMERICAN:NGD) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding New Gold Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.