New Gold - NGD Stock Forecast, Price & News

5 Wall Street equities 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 2 buy ratings for the stock. The consensus among Wall Street equities 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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5 brokers have issued 1 year target prices for New Gold's stock. Their NGD share price forecasts range from $0.90 to $2.00. On average, they expect the company's share price to reach $1.48 in the next twelve months. This suggests a possible upside of 34.5% 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 shares have decreased by 3.5% and is now trading at $1.10.
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New Gold saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 3,930,000 shares, an increase of 61.1% from the February 13th total of 2,440,000 shares. Based on an average daily volume of 2,980,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.
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New Gold Inc. (NYSEAMERICAN:NGD) announced its earnings results on Thursday, February, 16th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). The basic materials company had revenue of $162.80 million for the quarter. New Gold had a negative trailing twelve-month return on equity of 2.67% and a negative net margin of 11.05%.

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 (9.71%), Connor Clark & Lunn Investment Management Ltd. (2.37%), Renaissance Technologies LLC (2.09%), Sprott Inc. (2.00%), Amundi (1.56%) and TSP Capital Management Group LLC (1.52%).

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 $751.06 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.