New Gold Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
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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 during the month of May. As of May 28th, there was short interest totaling 6,000,000 shares, an increase of 35.1% from the May 13th total of 4,440,000 shares. Based on an average daily trading volume, of 5,410,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.0% of the shares of the company are sold short.
View New Gold's Short Interest.

New Gold is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for New Gold.

New Gold Inc. (NYSEAMERICAN:NGD) released its earnings results on Wednesday, May, 5th. The basic materials company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. New Gold had a positive trailing twelve-month return on equity of 5.10% and a negative net margin of 5.38%.
View New Gold's earnings history.

7 equities research analysts have issued 12 month target prices for New Gold's shares. Their forecasts range from $1.40 to $2.50. On average, they anticipate New Gold's share price to reach $1.99 in the next year. This suggests that the stock has a possible downside of 7.4%.
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Some companies that are related to New Gold include MP Materials (MP), Turquoise Hill Resources (TRQ), Exxaro Resources (EXXAY), Compañía de Minas Buenaventura S.A.A. (BVN), Pretium Resources (PVG), Centamin (CELTF), Hudbay Minerals (HBM), Lithium Americas (LAC), Nexa Resources (NEXA), Ferroglobe (GSM), Dakota Territory Resource (DTRC), North American Palladium (PALDF), Augusta Gold (BFGC), Sierra Metals (SMTS) and Sustainable Opportunities Acquisition (SOAC).
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 (10.26%), Renaissance Technologies LLC (2.61%), Kopernik Global Investors LLC (1.68%), TSP Capital Management Group LLC (1.53%), Hillsdale Investment Management Inc. (1.23%) and Bank of Montreal Can (1.23%).

NGD stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Van ECK Associates Corp, Renaissance Technologies LLC, Russell Investments Group Ltd., Amundi Asset Management US Inc., Hillsdale Investment Management Inc., Schroder Investment Management Group, and Morgan Stanley.

NGD stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Foundry Partners LLC, JPMorgan Chase & Co., Royal Bank of Canada, Bank of Montreal Can, Alberta Investment Management Corp, Franklin Resources Inc., and CIBC Asset Management Inc.

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 $2.15.

New Gold has a market capitalization of $1.46 billion 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]