NYSEAMERICAN:NGDNew Gold Stock Price, Forecast & News

$1.20

-0.02 (-1.64 %)

(As of 06/5/2020 10:45 AM ET)

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Today's Range

$1.13

Now: $1.20▼

$1.21

50-Day Range N/A

52-Week Range

$0.39

Now: $1.20▼

$1.56

Volume148,676 shs

Average Volume5.11 million shs

Market Capitalization$811.20 million

P/E RatioN/A

Dividend YieldN/A

BetaN/A

New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico. It also holds interests in the Blackwater project located to the Southwest of Prince George, British Columbia, Canada. The company was founded in 1980 and is headquartered in Toronto, Canada.

Beat the Market (BTM) Rank^™

2.1 Analyst's Opinion

Consensus Rating
New Gold has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 3 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $1.25, New Gold has a potential upside of 4.2% from its current price of $1.20.
Amount of Analyst Coverage
New Gold has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
New Gold has received 398 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
New Gold has received 511 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
New Gold has received 56.22% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about New Gold and other stocks. Vote “Outperform” if you believe NGD will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NGD will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
New Gold does not currently pay a dividend.
Dividend Growth
New Gold does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Gold insiders have not sold or bought any company stock.
Percentage Held by Institutions
51.53% of the stock of New Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Overall Beat the Market Rank^™

1.07 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSEAMERICAN

Industry Gold

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNYSEAMERICAN:NGD

Previous Symbol

CUSIPN/A

CIK800166

Webwww.newgold.com

Phone+1-416-3246000

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesN/A

Price / SalesN/A

Cash FlowN/A

Price / Cash FlowN/A

Book ValueN/A

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees1,267

Outstanding Shares676,000,000

Market Cap$811.20 million

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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New Gold (NYSEAMERICAN:NGD) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of New Gold?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for New Gold.

When is New Gold's next earnings date?

New Gold is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for New Gold.

How were New Gold's earnings last quarter?

New Gold Inc (NYSEAMERICAN:NGD) issued its earnings results on Wednesday, April, 29th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by $0.01. The basic materials company earned $142.30 million during the quarter. View New Gold's earnings history.

What price target have analysts set for NGD?

7 brokerages have issued 1 year price objectives for New Gold's shares. Their forecasts range from $0.55 to $2.10. On average, they anticipate New Gold's share price to reach $1.25 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price. View analysts' price targets for New Gold.

Has New Gold been receiving favorable news coverage?

News stories about NGD stock have trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. New Gold earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutNew Gold.

Are investors shorting New Gold?

New Gold saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 10,150,000 shares, a decline of 30.0% from the April 30th total of 14,490,000 shares. Based on an average daily volume of 6,320,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.6% of the shares of the stock are sold short. View New Gold's Current Options Chain.

Who are some of New Gold's key competitors?

Some companies that are related to New Gold include Torex Gold Resources (TXG), Sandstorm Gold (SAND), Wesdome Gold Mines (WDO), Gold Road Resources (GOR), Equinox Gold (EQX), Seabridge Gold (SEA), Dundee Precious Metals (DPM), Equitable Group (EQB), Perseus Mining (PRU), Perseus Mining (PRU), Equinox Gold Cp (EQX), Resolute Mining (RSG), Acacia Mining (ACA), Ramelius Resources (RMS) and Westgold Resources (WGX). View all competitors.

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), BlackRock (BLK), Endologix (ELGX), Yamana Gold (AUY), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), First Cobalt (FCC), Micron Technology (MU) and Aegean Marine Petroleum Network (ANW).

Who are New Gold's key executives?

New Gold's management team includes the following people:

Mr. Renaud Adams P.Eng., Pres, CEO & Director (Age 49)
Mr. Robert J. Chausse C.A., Exec. VP & CFO
Ms. Anne L. Day MBA, VP of Investor Relations (Age 60)
Ms. Elizabeth Camilla Damiani, VP of Gov. Relations, Gen. Counsel & Corp. Sec.
Mr. Eric Vinet, VP of Technical Services

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 a variety of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (10.67%), Kopernik Global Investors LLC (6.35%), Exor Investments UK LLP (4.57%), Russell Investments Group Ltd. (4.09%), Connor Clark & Lunn Investment Management Ltd. (1.87%) and Morgan Stanley (1.77%).

Which institutional investors are selling New Gold stock?

NGD stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Commerzbank Aktiengesellschaft FI, Deutsche Bank AG, Van ECK Associates Corp, Two Sigma Investments LP, Canada Pension Plan Investment Board, and Kopernik Global Investors LLC.

Which institutional investors are buying New Gold stock?

NGD stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Russell Investments Group Ltd., Mackenzie Financial Corp, Schroder Investment Management Group, Jane Street Group LLC, TSP Capital Management Group LLC, Exane Derivatives, and Two Sigma Advisers LP.

How do I buy shares of New Gold?

Shares of NGD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is New Gold's stock price today?

One share of NGD stock can currently be purchased for approximately $1.20.

How big of a company is New Gold?

New Gold has a market capitalization of $811.20 million. New Gold employs 1,267 workers across the globe.

What is New Gold's official website?

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

How can I contact New Gold?

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 +1-416-3246000 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff