New Gold - NGD 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 6 hold ratings 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.
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8 equities research analysts have issued 12 month price objectives for New Gold's stock. Their NGD share price forecasts range from $0.85 to $2.00. On average, they expect the company's share price to reach $1.31 in the next twelve months. This suggests a possible upside of 68.0% from the stock's current price.
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New Gold's stock was trading at $1.64 at the start of the year. Since then, NGD shares have decreased by 52.5% and is now trading at $0.7797.
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New Gold saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,120,000 shares, an increase of 288.5% from the June 30th total of 2,090,000 shares. Based on an average trading volume of 5,000,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.3% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
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New Gold Inc. (NYSEAMERICAN:NGD) released its earnings results on Friday, November, 12th. The basic materials company reported $0.03 EPS 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 positive trailing twelve-month return on equity of 8.82% and a negative net margin of 4.45%.

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 (9.97%), Renaissance Technologies LLC (2.47%), Connor Clark & Lunn Investment Management Ltd. (2.07%), JPMorgan Chase & Co. (0.71%), TD Asset Management Inc. (0.71%) and Bank of Montreal Can (0.62%).

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 $0.78.

New Gold (NYSEAMERICAN:NGD) has a market capitalization of $531.84 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 ($0.05) on an earnings per share basis.

The company employs 1,590 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.