New Gold Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" New Gold stock. 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 analyst ratings for New Gold or view top-rated stocks.

Wall Street analysts have given New Gold a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but New Gold wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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New Gold saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,010,000 shares, an increase of 44.0% from the August 15th total of 8,340,000 shares. Based on an average trading volume of 6,000,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.9% of the company's stock are short sold.
View New Gold's Short Interest.

New Gold is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for New Gold.

New Gold Inc. (NYSEAMERICAN:NGD) announced its earnings results on Wednesday, August, 11th. The basic materials company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The basic materials company had revenue of $198.20 million for the quarter. New Gold had a positive trailing twelve-month return on equity of 8.10% and a negative net margin of 0.82%.
View New Gold's earnings history.

8 brokerages have issued 12-month price targets for New Gold's shares. Their forecasts range from $1.50 to $3.25. On average, they expect New Gold's stock price to reach $2.10 in the next year. This suggests a possible upside of 78.0% from the stock's current price.
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Some companies that are related to New Gold include Exxaro Resources (EXXAY), Turquoise Hill Resources (TRQ), Lithium Americas (LAC), Compañía de Minas Buenaventura S.A.A. (BVN), Pretium Resources (PVG), Centamin (CELTF), Hudbay Minerals (HBM), Ferroglobe (GSM), Nexa Resources (NEXA), North American Palladium (PALDF), Fission Uranium (FCUUF), Augusta Gold (BFGC), Sustainable Opportunities Acquisition (SOAC), TMC the metals (TMC) and Americas Gold and Silver (USAS).
View all of NGD's competitors.

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 variety of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (10.59%), Renaissance Technologies LLC (2.65%), Connor Clark & Lunn Investment Management Ltd. (1.95%), Kopernik Global Investors LLC (1.39%), Invesco Ltd. (1.17%) and Intact Investment Management Inc. (1.02%).

NGD stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Kopernik Global Investors LLC, BNP Paribas Arbitrage SA, Connor Clark & Lunn Investment Management Ltd., Russell Investments Group Ltd., Credit Suisse AG, Citadel Advisors LLC, and Group One Trading L.P..

NGD stock was acquired by a variety of institutional investors in the last quarter, including Intact Investment Management Inc., Invesco Ltd., Amundi, American Century Companies Inc., Van ECK Associates Corp, JPMorgan Chase & Co., Healthcare of Ontario Pension Plan Trust Fund, and Morgan Stanley.

Shares of NGD 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 $1.18.

New Gold has a market capitalization of $803.40 million and generates $643.40 million in revenue each year. The basic materials company earns $-79,300,000.00 in net income (profit) each year or $0.03 on an earnings per share basis.

New Gold employs 1,590 workers across the globe.

The official website for New Gold is www.newgold.com.

New Gold is headquartered at 181 Bay St Suite 3510, TORONTO, ON M5J 2T3, Canada.

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 (416) 324-6000 or via email at [email protected].