Should I buy or sell New Gold stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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?

3 Wall Street research analysts have issued twelve-month target prices for New Gold's shares. Their NGD share price targets range from C$1.50 to C$2.30. On average, they predict the company's share price to reach C$2.01 in the next twelve months. This suggests that the stock has a possible downside of 17.3%. View analysts price targets for NGD or view top-rated stocks among Wall Street analysts .

How have NGD shares performed in 2024?

New Gold's stock was trading at C$1.92 at the beginning of 2024. Since then, NGD stock has increased by 26.6% and is now trading at C$2.43. View the best growth stocks for 2024 here .

When is New Gold's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our NGD earnings forecast .

How were New Gold's earnings last quarter?

New Gold Inc. (TSE:NGD) announced its quarterly earnings data on Tuesday, February, 13th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.04. The firm earned $271.22 million during the quarter. New Gold had a negative net margin of 8.20% and a negative trailing twelve-month return on equity of 7.38%.

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 .

TSE:NGD

New Gold (NGD) Stock Price, News & Analysis

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C$2.43

-0.06 (-2.41%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$2.42
▼
C$2.51
50-Day Range: C$1.49
▼
C$2.52
52-Week Range: C$1.17
▼
C$2.67

Volume: 1.57 million shs
Average Volume: 1.37 million shs
Market Capitalization: C$1.67 billion

P/E Ratio: N/A
Dividend Yield: 0.92%
Price Target: C$2.01

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

Get New Gold alerts:

New Gold MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 17.3% Downside
C$2.01 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.37
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.07 out of 5 stars

1.2

Analyst's Opinion

Consensus Rating
New Gold has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
New Gold has only been the subject of 2 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.

2.4

News and Social Media Coverage

News Sentiment
New Gold has a news sentiment score of 0.37. 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 news sentiment score is similar to the average news sentiment 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
14 people have searched for NGD on MarketBeat in the last 30 days. This is an increase of 56% compared to the previous 30 days.

0.8

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 Insiders
Only 5.79% of the stock of New Gold is held by insiders.
Percentage Held by Institutions
50.85% 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 -20.25, 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 -20.25, 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 2.11. 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

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About New Gold Stock (TSE:NGD)

New Gold Inc., an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia. New Gold Inc. is headquartered in Toronto, Canada.

NGD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NGD Stock News Headlines

April 10, 2024 | americanbankingnews.com

New Gold (TSE:NGD) Price Target Increased to C$2.30 by Analysts at Bank of America

February 15, 2024 | finance.yahoo.com

New Gold Inc. (AMEX:NGD) Q4 2023 Earnings Call Transcript

April 16, 2024 | InvestorPlace (Ad)

REVEALED: Elon Musk’s Secret A.I. Facility?

I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

February 8, 2024 | msn.com

New Gold sees strong free cash flow over three years, with output up and costs down

February 3, 2024 | ca.finance.yahoo.com

BITF Feb 2024 3.000 call

January 4, 2024 | finance.yahoo.com

Should Value Investors Buy B2Gold Corp (BTG) Stock?

January 2, 2024 | finance.yahoo.com

The Zacks Analyst Blog Highlights Sunoco, New Gold, Hooker Furniture Corp., Molson Coors and NVIDIA

January 2, 2024 | finance.yahoo.com

Best Value Stocks to Buy for January 2nd

April 16, 2024 | InvestorPlace (Ad)

REVEALED: Elon Musk’s Secret A.I. Facility?

I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

December 12, 2023 | finance.yahoo.com

New Gold (NGD) is an Incredible Growth Stock: 3 Reasons Why

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

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

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Gold
Sub-Industry: N/A
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$2.01
High Stock Price Target: C$2.30
Low Stock Price Target: C$1.50
Potential Upside/Downside: -17.3%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.12)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 17.93
P/E Growth: -3.02
Net Income: C$-64,500,000.00
Net Margins: -8.20%
Pretax Margin: N/A
Return on Equity: -7.38%
Return on Assets: 1.58%

Debt

Debt-to-Equity Ratio: 50.84
Current Ratio: 1.54
Quick Ratio: 1.64

Sales & Book Value

Annual Sales: C$786.50 million
Price / Sales: 2.12
Cash Flow: C$0.73 per share
Price / Cash Flow: 3.32
Book Value: C$1.15 per share
Price / Book: 2.11

Miscellaneous

Outstanding Shares: 685,600,000
Free Float: N/A
Market Cap: C$1.67 billion
Optionable: Not Optionable
Beta: 1.52

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Key Executives

Mr. Patrick Godin Asc. (Age 55)
B.Sc., Eng., M.Eng., P.Eng., CEO, President & Director
Comp: $983.15k
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. Keith Murphy
Executive VP & CFO
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?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Gold in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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?: 3 Wall Street research analysts have issued twelve-month target prices for New Gold's shares. Their NGD share price targets range from C$1.50 to C$2.30. On average, they predict the company's share price to reach C$2.01 in the next twelve months. This suggests that the stock has a possible downside of 17.3%.
View analysts price targets for NGD or view top-rated stocks among Wall Street analysts.
How have NGD shares performed in 2024?: New Gold's stock was trading at C$1.92 at the beginning of 2024. Since then, NGD stock has increased by 26.6% and is now trading at C$2.43.
View the best growth stocks for 2024 here.
When is New Gold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our NGD earnings forecast.

How were New Gold's earnings last quarter?: New Gold Inc. (TSE:NGD) announced its quarterly earnings data on Tuesday, February, 13th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.04. The firm earned $271.22 million during the quarter. New Gold had a negative net margin of 8.20% and a negative trailing twelve-month return on equity of 7.38%.
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 4/16/2024 by MarketBeat.com Staff

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New Gold (NGD) Stock Price, News & Analysis

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

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^™