About New Gold (NYSEAMERICAN:NGD)
New 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:
- Industry: Integrated Mining
- Sub-Industry: N/A
- Sector: Integrated Mining
- Symbol: NYSEAMERICAN:NGD
- CUSIP: N/A
- Web: www.newgold.com
- Debt-to-Equity Ratio: 0.42%
- Current Ratio: 2.28%
- Quick Ratio: 1.38%
Sales & Book Value:
- Trailing P/E Ratio: 67.2
- Forward P/E Ratio: 64.60
- P/E Growth: 13.01
- Annual Sales: $683.8 million
- Price / Sales: 2.73
- Cash Flow: $0.68 per share
- Price / Cash: 4.75
- Book Value: $5.37 per share
- Price / Book: 0.60
- Trailing EPS: $0.10
- Net Income: $3.57 million
- Net Margins: 10.14%
- Return on Equity: 0.98%
- Return on Assets: 0.53%
- Employees: 1,667
- Outstanding Shares: 577,800,000
Frequently Asked Questions for New Gold (NYSEAMERICAN:NGD)
What is New Gold's stock symbol?
New Gold trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "NGD."
How were New Gold's earnings last quarter?
New Gold Inc. (NYSEAMERICAN:NGD) released its quarterly earnings results on Wednesday, October, 25th. The basic materials company reported $0.01 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.01. The basic materials company earned $142.50 million during the quarter, compared to analyst estimates of $176.12 million. New Gold had a net margin of 10.14% and a return on equity of 0.98%. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. View New Gold's Earnings History.
When will New Gold make its next earnings announcement?
Where is New Gold's stock going? Where will New Gold's stock price be in 2017?
9 brokers have issued 12-month target prices for New Gold's stock. Their forecasts range from $3.30 to $5.00. On average, they expect New Gold's stock price to reach $4.14 in the next twelve months. View Analyst Ratings for New Gold.
What are Wall Street 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. " (10/3/2017)
- 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 during the month of October. As of October 31st, there was short interest totalling 6,262,407 shares, an increase of 5.1% from the October 13th total of 5,959,669 shares. Based on an average trading volume of 5,288,597 shares, the short-interest ratio is presently 1.2 days. Currently, 1.1% of the company's shares are sold short.
Who are some of New Gold's key competitors?
Some companies that are related to New Gold include Polymetal International PLC (POLY), KAZ Minerals plc (KAZ), Yamana Gold (AUY), Vedanta Resources plc (VED), Pretium Resources (PVG), MAG Silver Corp (MAG), Fortuna Silver Mines (FSM), McEwen Mining (MUX), Seabridge Gold (SA), Northern Dynasty Minerals (NAK), Dorchester Minerals, L.P. (DMLP), SolGold plc (SOLG), Anglo Pacific Group plc (APF), Griffin Mining Ltd (GFM), Gold Resource (GORO), Polymet Mining Corp (PLM), A-Mark Precious Metals (AMRK) and Horizonte Minerals Plc (HZM).
Who are New Gold's key executives?
New Gold's management team includes the folowing people:
- Hannes Portmann, President, Chief Executive Officer (Age 37)
- Paula Myson, Chief Financial Officer, Executive Vice President
- Barry O'Shea, Vice President - Finance, Vice President - Business Development
- Lisa Damiani, Vice President, General Counsel, Corporate Secretary
- Mark A. Petersen, Vice President - Exploration (Age 54)
- Peter Woodhouse, Vice President - Projects
- Ian Wilton Pearce, Non-Executive Chairman of the Board (Age 60)
- Randall Oliphant, Director (Age 57)
- Marilyn Schonberner, Director
- Raymond W. Threlkeld, Director (Age 70)
Who bought New Gold stock? Who is buying New Gold stock?
How do I buy New Gold stock?
Shares of New Gold can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 $3.23.
How big of a company is New Gold?
New Gold has a market capitalization of $1.9 billion and generates $683.8 million in revenue each year. The basic materials company earns $3.57 million in net income (profit) each year or $0.10 on an earnings per share basis. New Gold employs 1,667 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 basic materials company can be reached via phone at +1-416-3246000 or via email at [email protected]
MarketBeat Community Rating for New Gold (NYSEAMERICAN NGD)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.
Analysts' Consensus Rating for New Gold (NYSEAMERICAN:NGD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 5 Hold Ratings, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.44)|
|Consensus Price Target: ||$4.14|
Consensus Price Target History for New Gold (NYSEAMERICAN:NGD)
Analysts' Ratings History for New Gold (NYSEAMERICAN:NGD)
(Data available from 11/19/2015 forward)
|10/23/2017||Royal Bank Of Canada||Boost Price Target||Sector Perform||$3.75 -> $4.25|
|10/20/2017||Canaccord Genuity||Upgrade||Hold -> Buy|
|9/29/2017||Scotiabank||Boost Price Target||Sector Perform||$3.00 -> $4.00|
|9/29/2017||Credit Suisse Group||Boost Price Target||Neutral||$3.00 -> $3.30|
|7/23/2017||National Bank Financial||Reiterated Rating||Sector Perform -> Outperform|
|6/15/2017||Raymond James Financial, Inc.||Reiterated Rating||Market Perform||$3.50|
|4/28/2017||TD Securities||Reiterated Rating||Buy||$5.00|
|1/31/2017||GMP Securities||Downgrade||Buy -> Hold||$4.80|
|10/4/2016||Bank of America Corporation||Set Price Target||Hold||$6.00|
|5/25/2016||Dundee Securities||Downgrade||Neutral -> Sell|
|4/18/2016||Barclays PLC||Upgrade||Equal Weight -> Overweight||$3.00 -> $5.00|
|3/14/2016||BMO Capital Markets||Downgrade||Outperform -> Market Perform|
|2/21/2016||CIBC||Reiterated Rating||Sector Perform||$3.00 -> $3.50|
|2/5/2016||J P Morgan Chase & Co||Reiterated Rating||Neutral|
Earnings History and Estimates Chart for New Gold (NYSEAMERICAN:NGD)
Earnings History by Quarter for New Gold (NYSEAMERICAN NGD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/21/2018|| || || || || || || || |
|10/25/2017||9/30/2017||$0.01||$0.01||$176.12 million||$142.50 million||View||N/A|
|7/26/2017||6/30/2017||$0.02||$0.02||$181.17 million||$185.60 million||View||N/A|
|4/26/2017||3/31/2017||$0.02||$0.02||$174.99 million||$169.50 million||View||N/A|
|2/15/2017||Q416||$0.01||($0.04)||$167.83 million||$170.30 million||View||N/A|
|10/27/2016||Q316||$0.02||$0.03||$179.10 million||$178.70 million||View||N/A|
|7/27/2016||Q216||$0.03||$163.44 million||$180.30 million||View||N/A|
|2/17/2016||Q415||$0.01||$0.01||$200.50 million||$199.00 million||View||N/A|
|10/28/2015||Q315||$0.00||($0.02)||$193.87 million||$177.30 million||View||Listen|
|4/29/2015||Q115||$0.01||($0.01)||$184.38 million||$168.90 million||View||N/A|
|10/30/2014||Q314||$0.02||($0.12)||$202.53 million||$169.30 million||View||N/A|
|7/31/2014||Q214||$0.02||$0.02||$195.42 million||$178.10 million||View||N/A|
|4/30/2014||Q114||$0.02||$0.04||$200.16 million||$190.50 million||View||N/A|
|2/27/2014||Q413||$0.03||$0.04||$207.11 million||$198.40 million||View||N/A|
|10/29/2013||Q313||$0.06||$0.04||$234.00 million||$196.00 million||View||N/A|
|7/31/2013||Q213||$0.06||$0.01||$241.60 million||$183.50 million||View||N/A|
|5/1/2013||Q113||$0.11||$0.04||$264.57 million||$201.80 million||View||N/A|
|2/28/2013||Q412||$0.13||$0.11||$289.91 million||$250.90 million||View||N/A|
Earnings Estimates for New Gold (NYSEAMERICAN:NGD)
Current Year EPS Consensus Estimate: $0.05 EPS
Next Year EPS Consensus Estimate: $0.14 EPS
Dividend History for New Gold (NYSEAMERICAN:NGD)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for New Gold (NYSEAMERICAN NGD)
No insider trades for this company have been tracked by MarketBeat.com
Latest Headlines for New Gold (NYSEAMERICAN NGD)
No headlines for this company have been tracked by MarketBeat.com
Financials are not available for this stock.
New Gold (NYSEAMERICAN NGD) Chart for Sunday, November, 19, 2017