NYSEAMERICAN:NGD New Gold - NGD Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $1.10 -0.06 (-5.17%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$1.08▼$1.1450-Day Range N/A52-Week Range$0.61▼$2.02Volume3.64 million shsAverage Volume2.81 million shsMarket Capitalization$750.51 millionP/E Ratio7.86Dividend YieldN/APrice Target$1.47 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media New Gold MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside33.6% Upside$1.47 Price TargetShort InterestHealthy0.65% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.88Based on 7 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.06) to $0.06 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.2.40 out of 5 stars 3.1 Analyst's Opinion Consensus RatingNew Gold has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $1.47, New Gold has a forecasted upside of 33.6% from its current price of $1.10.Amount of Analyst CoverageNew Gold has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.65% 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 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in New Gold has recently decreased by 2.00%, indicating that investor sentiment is improving. 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 3.3 News and Social Media Coverage News SentimentNew Gold has a news sentiment score of 0.88. 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 higher news sentiment than the 0.36 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 7 news articles for New Gold this week, compared to 1 article on an average week.Search Interest7 people have searched for NGD on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added New Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 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 31.92% 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 in the coming year, from ($0.06) to $0.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Gold is 7.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.31.Price to Earnings Ratio vs. SectorThe P/E ratio of New Gold is 7.86, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 97.83.Price to Earnings Growth RatioNew Gold has a PEG Ratio of 4.31. 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 0.79. 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. is a gold mining company, which engages in the operation, development and exploration of mineral properties. Its portfolio includes Rainy RIver, New Afton, and Cerro San Pedro. The company was founded on January 31, 1980 and is headquartered in Toronto, Canada.Read More 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 Stock News HeadlinesFebruary 2, 2023 | americanbankingnews.comFY2022 Earnings Estimate for New Gold Inc. (NYSEAMERICAN:NGD) Issued By Raymond JamesJanuary 29, 2023 | finance.yahoo.comInstitutions own 41% of New Gold Inc. (TSE:NGD) shares but individual investors control 59% of the companyFebruary 3, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 18, 2023 | reuters.comNGD.A - | Stock Price & Latest News | ReutersJanuary 10, 2023 | finance.yahoo.comNew Gold Achieves Updated Production GuidanceDecember 31, 2022 | msn.comGold, silver prices rise in early tradingDecember 29, 2022 | seekingalpha.comGold Rush 2.0: New Found Gold Corp. Set For A Solid 2023December 28, 2022 | seekingalpha.comIf Gold Rises In 2023, Newmont's Cash Dividend Trounces Treasury BondsFebruary 3, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... 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Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.December 28, 2022 | marketwatch.comWith 3.6% CAGR, Gold Jewelry Market Analysis Highlighting Opportunities and Growth Status During 2023-2028 | 111 Pages ReportDecember 19, 2022 | finance.yahoo.comEarnings growth of 2.4% over 5 years hasn't been enough to translate into positive returns for New Gold (TSE:NGD) shareholdersDecember 15, 2022 | apnews.comPARADIGM DRILLERS MOBILIZING TO SITE FOR BRUSSELS CREEK DRILLING AS RECHARGE AWAITS RESULTS AT POCITOS 1 LITHIUM AND GEORGIA LAKE LITHIUM PROJECTSNovember 23, 2022 | theglobeandmail.comCanadian miner New Gold abruptly cuts ties with CEO Renaud AdamsNovember 23, 2022 | seekingalpha.comNew Gold names Godin as new President and CEO, replacing AdamsNovember 23, 2022 | finance.yahoo.comNEW GOLD ANNOUNCES THE APPOINTMENT OF PATRICK GODIN AS PRESIDENT AND CEONovember 8, 2022 | finance.yahoo.comNew Gold Third Quarter 2022 Earnings: In Line With ExpectationsNovember 4, 2022 | bloomberg.comGold Extends Gains After US Jobs Data Gives Mixed SignalsNovember 3, 2022 | seekingalpha.comNew Gold Inc. (NGD) Q3 2022 Earnings Call TranscriptNovember 3, 2022 | finance.yahoo.comNew Gold Reports 2022 Third Quarter ResultsNovember 3, 2022 | finance.yahoo.comNew Gold Reports 2022 Third Quarter ResultsNovember 2, 2022 | seekingalpha.comNew Gold: Turnaround Thesis Remains IntactOctober 24, 2022 | seekingalpha.comNew Gold: A Sigh Of ReliefOctober 13, 2022 | theglobeandmail.comNew Gold: Bottom 25 Performing Stocks Year-to-Date on TSX (NGD)October 12, 2022 | markets.businessinsider.comRBC Capital Reaffirms Their Buy Rating on New Gold (NGD)October 10, 2022 | seekingalpha.comNew Gold wins permit for New Afton mine's C-Zone expansionSeptember 24, 2022 | theglobeandmail.comClosing Bell: New Gold Inc up on Thursday (NGD)September 18, 2022 | theglobeandmail.comClosing Bell: New Gold Inc up on Friday (NGD)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings11/12/2021Today2/03/2023Next Earnings (Estimated)2/16/2023Fiscal 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) 324-6000Fax416-324-9494Employees1,566Year FoundedN/APrice Target and Rating Average Stock Price Forecast$1.47 High Stock Price Forecast$2.00 Low Stock Price Forecast$0.85 Forecasted Upside/Downside+33.6%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.14 Trailing P/E Ratio7.86 Forward P/E RatioN/A P/E Growth4.31Net Income$140.60 million Net Margins15.68% Pretax Margin15.07% Return on Equity0.50% Return on Assets0.21% Debt Debt-to-Equity Ratio0.39 Current Ratio2.25 Quick Ratio1.68 Sales & Book Value Annual Sales$745.50 million Price / Sales1.01 Cash Flow$0.11 per share Price / Cash Flow10.02 Book Value$1.40 per share Price / Book0.79Miscellaneous Outstanding Shares682,280,000Free Float680,912,000Market Cap$750.51 million OptionableOptionable Beta1.48 Key ExecutivesPatrick GodinPresident, CEO, COO & Executive Vice PresidentRobert J. ChausseChief Financial Officer & Executive Vice PresidentSean KeatingSecretary, Vice President & General CounselMichele Della LiberaExploration DirectorJohn RitterGeneral Manager-New AftonKey CompetitorsFerroglobeNASDAQ:GSMNorth American PalladiumOTCMKTS:PALDFAmerican LithiumOTCMKTS:LIACFNexa ResourcesNYSE:NEXAFission UraniumOTCMKTS:FCUUFView All CompetitorsInsiders & InstitutionsU S Global Investors Inc.Sold 877,627 shares on 2/3/2023Ownership: 0.340%Hedges Asset Management LLCBought 25,000 shares on 2/3/2023Ownership: 0.067%SG Americas Securities LLCSold 12,494 shares on 2/2/2023Ownership: 0.069%Bank of Montreal CanBought 58,009 shares on 2/1/2023Ownership: 0.308%Versor Investments LPBought 221,164 shares on 1/30/2023Ownership: 0.032%View All Institutional Transactions NGD Stock - Frequently Asked Questions Should I buy or sell New Gold stock right now? 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. 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 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. 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 2023. Since then, NGD stock has decreased by 3.5% and is now trading at $1.10. View the best growth stocks for 2023 here. Are investors shorting New Gold? 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. View New Gold's Short Interest. When is New Gold's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023. View our NGD earnings forecast. How were New Gold's earnings last quarter? 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%. 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 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%). 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 $1.10. How much money does New Gold make? 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. How many employees does New Gold have? The company employs 1,566 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 2/3/2023 by MarketBeat.com Staff 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. 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