S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
TSE:NGD

New Gold - NGD Stock Forecast, Price & News

C$1.05
-0.01 (-0.94%)
(As of 08/5/2022 08:50 PM ET)
Add
Compare
Today's Range
C$1.01
C$1.06
50-Day Range
C$0.90
C$1.81
52-Week Range
C$0.87
C$2.57
Volume
983,933 shs
Average Volume
1.59 million shs
Market Capitalization
C$716.42 million
P/E Ratio
4.57
Dividend Yield
N/A
Price Target
C$1.80

New Gold MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
71.4% Upside
C$1.80 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.17mentions of New Gold in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
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.

2.18 out of 5 stars

NGD stock logo

About New Gold (TSE:NGD) Stock

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; and New Afton mine situated in British Columbia, Canada. It also operates the Cerro San Pedro mine in San Luis Potosí, Mexico. The company was incorporated in 1980 and is headquartered in Toronto, Canada.

New Gold Price Performance

NGD traded down C$0.01 on Friday, hitting C$1.05. 983,934 shares of the company were exchanged, compared to its average volume of 1,590,505. The company has a debt-to-equity ratio of 54.59, a quick ratio of 3.64 and a current ratio of 4.37. The business's fifty day moving average is C$1.34 and its 200 day moving average is C$1.84. New Gold has a fifty-two week low of C$0.87 and a fifty-two week high of C$2.57. The firm has a market capitalization of C$716.21 million and a P/E ratio of 4.57.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NGD shares. National Bankshares reduced their target price on shares of New Gold from C$1.50 to C$1.20 and set a "sector perform" rating for the company in a report on Thursday, July 21st. Credit Suisse Group reduced their target price on shares of New Gold from C$1.40 to C$1.10 in a report on Tuesday, July 12th. Canaccord Genuity Group raised shares of New Gold from a "hold" rating to a "buy" rating and increased their price target for the stock from C$2.25 to C$3.00 in a report on Friday, April 22nd. CSFB cut their price target on shares of New Gold from C$1.40 to C$1.10 in a report on Tuesday, July 12th. Finally, BMO Capital Markets cut their price target on shares of New Gold from C$3.00 to C$2.00 in a report on Wednesday, July 13th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$1.90.

Receive NGD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for New Gold and its competitors with MarketBeat's FREE daily newsletter.

NGD Stock News Headlines

New Gold Inc stock advanced on Tuesday.
New Gold (TSE:NGD) PT Lowered to C$1.00 at Cormark
New Gold (TSE:NGD) PT Lowered to C$2.00
New Gold (TSE:NGD) PT Lowered to C$1.50
New Gold (TSE:NGD) Seems To Use Debt Quite Sensibly
NGD
See More Headlines
Receive NGD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for New Gold and its competitors with MarketBeat's FREE daily newsletter.

NGD Company Calendar

Today
8/08/2022
Next Earnings (Estimated)
11/11/2022

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,337
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$1.80
High Stock Price Forecast
C$3.00
Low Stock Price Forecast
C$1.00
Forecasted Upside/Downside
+71.4%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$755.30 million
Cash Flow
C$0.78 per share
Book Value
C$1.37 per share

Miscellaneous

Free Float
N/A
Market Cap
C$716.42 million
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Renaud Adams P.Eng. (Age 52)
    Pres, CEO & Director
    Comp: $1.36M
  • Mr. Robert J. Chausse B.Com.
    C.A., CPA, Exec. VP & CFO
  • Mr. Sean Keating
    VP, Gen. Counsel & Corp. Sec.
  • Mr. Eric Vinet
    Sr. VP of Operations
  • Mr. Ankit Shah
    VP of Strategy and Bus. Devel.
  • Mr. Patrick Godin Asc.
    B.Sc., Eng., M.Eng., P.Eng., Exec. VP & COO
  • Mr. Andrew Croal P.Eng
    Director of Technical Services
  • Mr. Brandon Throop
    Director of Investor Relations
  • Ms. Sharon Giraudel
    Director of HR
  • Mr. John Ritter
    Gen. Mang. of New Afton













NGD Stock - Frequently Asked Questions

Should I buy or sell New Gold stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last twelve months. There are currently 7 hold ratings and 1 buy rating 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.
View analyst ratings for New Gold
or view top-rated stocks.

What is New Gold's stock price forecast for 2022?

8 Wall Street analysts have issued 1 year price targets for New Gold's stock. Their NGD stock forecasts range from C$1.00 to C$3.00. On average, they anticipate New Gold's share price to reach C$1.80 in the next twelve months. This suggests a possible upside of 71.4% from the stock's current price.
View analysts' price targets for New Gold
or view top-rated stocks among Wall Street analysts.

How has New Gold's stock performed in 2022?

New Gold's stock was trading at C$1.89 at the start of the year. Since then, NGD shares have decreased by 44.4% and is now trading at C$1.05.
View the best growth stocks for 2022 here
.

When is New Gold's next earnings date?

New Gold is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our earnings forecast for New Gold
.

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).

What is New Gold's stock symbol?

New Gold trades on the Toronto Stock Exchange (TSX) under the ticker symbol "NGD."

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.

What is New Gold's stock price today?

One share of NGD stock can currently be purchased for approximately C$1.05.

How much money does New Gold make?

New Gold (TSE:NGD) has a market capitalization of C$716.42 million and generates C$755.30 million in revenue each year.

How many employees does New Gold have?

New Gold employs 1,337 workers across the globe.

How can I contact New Gold?

New Gold's mailing address is 181 Bay St Suite 3510, TORONTO, ON M5J 2T3, Canada. The official website for New Gold is www.newgold.com. The company can be reached via phone at +1-416-3246000.

This page (TSE:NGD) was last updated on 8/8/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.