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, 1 hold rating and 2 buy ratings 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 Wall Street analysts have issued 12-month price targets for New Gold's shares. Their NGD share price forecasts range from $0.85 to $2.00. On average, they anticipate the company's share price to reach $1.47 in the next twelve months. This suggests a possible upside of 33.6% from the stock's current price.
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New Gold's stock was trading at $1.14 at the beginning of 2023. Since then, NGD stock has decreased by 3.5% and is now trading at $1.10.
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New Gold saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 4,490,000 shares, an increase of 37.3% from the December 15th total of 3,270,000 shares. Based on an average daily volume of 2,970,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our NGD earnings forecast.

New Gold Inc. (NYSEAMERICAN:NGD) released its quarterly earnings results on Friday, November, 12th. The basic materials company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The basic materials company earned $179.80 million during the quarter. New Gold had a net margin of 15.68% and a trailing twelve-month return on equity of 0.50%.

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 many different institutional and retail investors. Top institutional shareholders include TSP Capital Management Group LLC (1.52%), U S Global Investors Inc. (0.34%), Bank of Montreal Can (0.31%), National Bank of Canada FI (0.21%), SG Americas Securities LLC (0.07%) and Hedges Asset Management LLC (0.07%).

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 $1.10.

New Gold (NYSEAMERICAN:NGD) has a market capitalization of $750.51 million and generates $745.50 million in revenue each year. The basic materials company earns $140.60 million in net income (profit) each year or $0.14 on an earnings per share basis.

The company employs 1,566 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.