New Gold (NGD) Stock Price, News & Analysis

5 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 1 buy rating for the stock. The consensus among Wall Street 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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5 brokerages have issued 12-month target prices for New Gold's shares. Their NGD share price targets range from $1.05 to $2.25. On average, they anticipate the company's share price to reach $1.64 in the next year. This suggests that the stock has a possible downside of 6.3%.
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New Gold saw a increase in short interest in March. As of March 31st, there was short interest totaling 6,120,000 shares, an increase of 57.7% from the March 15th total of 3,880,000 shares. Based on an average daily trading volume, of 6,030,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.0% of the shares of the stock are sold short.
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New Gold Inc. (NYSEAMERICAN:NGD) released its earnings results on Tuesday, February, 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.03. The basic materials company earned $199.20 million during the quarter. New Gold had a negative net margin of 8.20% and a positive trailing twelve-month return on equity of 5.63%.

ETFs with the largest weight of New Gold (NYSEAMERICAN:NGD) stock in their portfolio include U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), iShares MSCI Global Gold Miners ETF (RING), VanEck Junior Gold Miners ETF (GDXJ), iShares MSCI Global Silver and Metals Miners ETF (SLVP), VanEck Gold Miners ETF (GDX) and Sprott Junior Gold Miners ETF (SGDJ).Sprott Gold Miners ETF (SGDM).

Based on aggregate information from My MarketBeat watchlists, some companies that other New Gold investors own include Xtrackers California Municipal Bond ETF (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).

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