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 year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating 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 target for 2024?

4 analysts have issued 12 month target prices for New Gold's shares. Their NGD share price targets range from C$0.85 to C$2.50. On average, they expect the company's stock price to reach C$1.75 in the next twelve months. This suggests that the stock has a possible downside of 9.3%. 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 C$1.33 at the start of the year. Since then, NGD stock has increased by 45.1% and is now trading at C$1.93. View the best growth stocks for 2023 here .

When is New Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024. View our NGD earnings forecast .

How were New Gold's earnings last quarter?

New Gold Inc. (TSE:NGD) issued its quarterly earnings results on Wednesday, October, 25th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company earned $270.07 million during the quarter. New Gold had a negative net margin of 7.20% and a negative trailing twelve-month return on equity of 5.66%.

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 Alamos Gold (AGI) , First Majestic Silver (FR) , Alexco Resource (AXU) , Yamana Gold (YRI) , Agnico Eagle Mines (AEM) , AutoCanada (ACQ) , Eldorado Gold (ELD) , Enbridge (ENB) , B2Gold (BTO) and CVS Health (CVS) .

How do I buy shares of New Gold?

Shares of NGD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

New Gold Stock Price, News & Analysis (TSE:NGD)

C$1.92

-0.13 (-6.34%)

(As of 03:27 PM ET)

Compare

Today's Range: C$1.92
▼
C$2.05
50-Day Range: C$1.21
▼
C$2.05
52-Week Range: C$1.13
▼
C$2.05

Volume: 1.40 million shs
Average Volume: 1.08 million shs
Market Capitalization: C$1.31 billion

P/E Ratio: N/A
Dividend Yield: 0.92%
Price Target: C$1.75

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

New Gold MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 9.3% Downside
C$1.75 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.74
Based on 5 Articles This Week
Insider Trading: Selling Shares
C$965,574 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.05 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
New Gold has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$1.75, New Gold has a forecasted downside of 9.3% from its current price of C$1.93.
Amount of Analyst Coverage
New Gold has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for NGD.

0.0

Dividend Strength

Dividend Yield
New Gold has a dividend yield of 0.92%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
New Gold does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NGD.

3.7

News and Social Media Coverage

News Sentiment
New Gold has a news sentiment score of 0.74. 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 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for New Gold this week, compared to 0 articles on an average week.
Search Interest
10 people have searched for NGD on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
1 people have added New Gold to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Gold insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$965,574.00 in company stock.
Percentage Held by Insiders
Only 0.37% of the stock of New Gold is held by insiders.
Percentage Held by Institutions
48.15% 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

Price to Earnings Ratio vs. the Market
The P/E ratio of New Gold is -17.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of New Gold is -17.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for New Gold, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
New Gold has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About New Gold Stock (TSE:NGD)

New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; New Afton mine situated in British Columbia, Canada; and the Cerro San Pedro mine in San Luis Potosí, Mexico. New Gold Inc. was founded in 1980 and is headquartered in Toronto, Canada.

NGD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NGD Stock News Headlines

December 1, 2023 | americanbankingnews.com

Raymond James Equities Analysts Increase Earnings Estimates for New Gold Inc. (TSE:NGD)

November 26, 2023 | americanbankingnews.com

Insider Selling: New Gold Inc. (TSE:NGD) Senior Officer Sells C$123,708.00 in Stock

December 4, 2023 | Edge On The Street (Ad)

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October 10, 2023 | theglobeandmail.com

Closing Bell: New Gold Inc flat on Tuesday (NGD)

October 6, 2023 | finance.yahoo.com

Here is Why Growth Investors Should Buy New Gold (NGD) Now

August 25, 2023 | theglobeandmail.com

Closing Bell: New Gold Inc flat on Friday (NGD)

August 11, 2023 | finance.yahoo.com

NEW GOLD CONFIRMS STRUCTURAL INTEGRITY OF NEW AFTON TAILINGS STORAGE FACILITY

August 10, 2023 | finance.yahoo.com

New Gold Provides New Afton Tailings Storage Facility Update

December 4, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

July 31, 2023 | markets.businessinsider.com

RBC Capital Keeps Their Buy Rating on New Gold (NGD)

May 16, 2023 | theglobeandmail.com

Closing Bell: New Gold Inc down on Tuesday (NGD)

April 20, 2023 | finance.yahoo.com

Emerging Markets Report: Gold Rush

April 11, 2023 | finance.yahoo.com

New Gold Announces Senior Management Appointments and Strengthens Technical Leadership Team

March 26, 2023 | thestreet.com

New Gold (NGD) Stock Slumps as Gold Prices Fall

March 18, 2023 | insidermonkey.com

11 Most Undervalued Gold Stocks To Buy According To Hedge Funds

February 21, 2023 | finance.yahoo.com

New Gold (NGD) Loses -20.04% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

February 16, 2023 | msn.com

New Gold swings to Q4 loss, guides for stronger production in 2023

September 21, 2022 | thestreet.com

New Gold (NGD) Stock Drops, Gold Prices Slide on Stronger Dollar

August 5, 2022 | seekingalpha.com

New Gold Inc. (NGD) CEO Renaud Adams on Q2 2022 Results - Earnings Call Transcript

August 2, 2022 | theglobeandmail.com

New Gold Inc stock advanced on Tuesday.

July 18, 2022 | msn.com

Why New Gold (TSX:NGD) Stock Sank Nearly 32% Last Week

July 11, 2022 | finance.yahoo.com

Angus Gold Commences Summer Drilling on BIF Discoveries, Golden Sky Project, Wawa, Ontario

May 31, 2022 | seekingalpha.com

New Gold: Lower Grade And Tonnes Processed At New Afton

April 14, 2022 | uk.finance.yahoo.com

New Gold (TSE:NGD) Seems To Use Debt Quite Sensibly

February 7, 2022 | finance.yahoo.com

Terril Brothers, Inc. Buys SPDR Bloomberg Investment Grade Floating Rate ETF, AT&T Inc,

December 22, 2021 | ca.finance.yahoo.com

New Gold Announces Closing of Blackwater Gold Stream for US$300 Million

October 21, 2021 | seekingalpha.com

NGD

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Company Calendar

Last Earnings: 10/25/2023
Today: 12/04/2023
Next Earnings (Estimated): 2/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Gold
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:NGD
CUSIP: N/A
CIK: N/A
Web: www.newgold.com
Phone: +1-416-3246000
Fax: N/A
Employees: 1,337
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$1.75
High Stock Price Target: C$2.50
Low Stock Price Target: C$0.85
Potential Upside/Downside: -9.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.11)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 17.57
P/E Growth: -3.02
Net Income: C$-54,000,000.00
Net Margins: -7.20%
Pretax Margin: N/A
Return on Equity: -5.66%
Return on Assets: 1.36%

Debt

Debt-to-Equity Ratio: 45.11
Current Ratio: 1.63
Quick Ratio: 1.64

Sales & Book Value

Annual Sales: C$750.10 million
Price / Sales: 1.76
Cash Flow: C$0.58 per share
Price / Cash Flow: 3.32
Book Value: C$1.29 per share
Price / Book: 1.50

Miscellaneous

Outstanding Shares: 684,510,000
Free Float: N/A
Market Cap: C$1.32 billion
Optionable: Not Optionable
Beta: 1.61

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

Mr. Patrick Godin Asc. (Age 54)
B.Sc., Eng., M.Eng., P.Eng., CEO, President & Director
Comp: $983.15k
Mr. Robert J. Chausse B.Com.
C.A., CPA, Executive VP & CFO
Mr. Sean Keating
VP, General Counsel & Corporate Secretary
Mr. Ankit Shah
Executive VP of Strategy & Business Development
Ms. Bethany Paige Borody
Vice President of Sustainability
Mr. Yohann Bouchard
Executive VP & COO
Mr. Andrew Croal P.Eng
Director of Technical Services
Mr. Brandon Throop
Director of Investor Relations
Ms. Sharon Giraudel
Head of Human Resources
Mr. Jean-Francois Ravenelle
Vice President of Geology

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

NGD Stock Analysis - 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 year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating 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 target for 2024?: 4 analysts have issued 12 month target prices for New Gold's shares. Their NGD share price targets range from C$0.85 to C$2.50. On average, they expect the company's stock price to reach C$1.75 in the next twelve months. This suggests that the stock has a possible downside of 9.3%.
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 C$1.33 at the start of the year. Since then, NGD stock has increased by 45.1% and is now trading at C$1.93.
View the best growth stocks for 2023 here.
When is New Gold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our NGD earnings forecast.

How were New Gold's earnings last quarter?: New Gold Inc. (TSE:NGD) issued its quarterly earnings results on Wednesday, October, 25th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company earned $270.07 million during the quarter. New Gold had a negative net margin of 7.20% and a negative trailing twelve-month return on equity of 5.66%.
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 Alamos Gold (AGI), First Majestic Silver (FR), Alexco Resource (AXU), Yamana Gold (YRI), Agnico Eagle Mines (AEM), AutoCanada (ACQ), Eldorado Gold (ELD), Enbridge (ENB), B2Gold (BTO) and CVS Health (CVS).
How do I buy shares of New Gold?: Shares of NGD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:NGD) was last updated on 12/4/2023 by MarketBeat.com Staff

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New Gold Stock Price, News & Analysis (TSE:NGD)

New Gold MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About New Gold Stock (TSE:NGD)

NGD Stock Price History

NGD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

NGD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™