New Gold (NGD) Stock Forecast, Price & News

4 Wall Street 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 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 analysts have issued 1-year price objectives for New Gold's shares. Their NGD share price forecasts range from $0.90 to $2.00. On average, they predict the company's share price to reach $1.48 in the next year. This suggests a possible upside of 20.3% 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 increased by 7.9% and is now trading at $1.23.
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New Gold Inc. (NYSEAMERICAN:NGD) released its quarterly earnings results on Wednesday, April, 26th. The basic materials company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The basic materials company earned $201.60 million during the quarter. New Gold had a negative trailing twelve-month return on equity of 1.81% and a negative net margin of 14.38%.

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 shareholders include Van ECK Associates Corp (10.58%), Connor Clark & Lunn Investment Management Ltd. (2.44%), Renaissance Technologies LLC (2.14%), TSP Capital Management Group LLC (1.61%), American Century Companies Inc. (1.01%) and Bank of America Corp DE (0.74%).

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 $1.23.

New Gold (NYSEAMERICAN:NGD) has a market capitalization of $839.84 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 ($0.10) 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.