NGD
New Gold Inc
About: New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets which are also its operating segments: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver.
Employees: 1,607
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
664% more call options, than puts
Call options by funds: $20M | Put options by funds: $2.62M
24% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 29
15% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 60
2% more funds holding
Funds holding: 215 [Q3] → 219 (+4) [Q4]
0.44% more ownership
Funds ownership: 49.58% [Q3] → 50.02% (+0.44%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 5 (+0) [Q4]
13% less capital invested
Capital invested by funds: $1.13B [Q3] → $985M (-$150M) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4.75
30%
upside
Avg. target
$4.75
30%
upside
High target
$4.75
30%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Scotiabank Eric Winmill 73% 1-year accuracy 8 / 11 met price target | 30%upside $4.75 | Sector Outperform Maintained | 14 Apr 2025 |
Financial journalist opinion
Based on 11 articles about NGD published over the past 30 days
Neutral
Zacks Investment Research
4 days ago
New Gold (NGD) Rises But Trails Market: What Investors Should Know
In the latest trading session, New Gold (NGD) closed at $3.59, marking a +0.56% move from the previous day.
Positive
Seeking Alpha
1 week ago
New Gold: A Copper-Heavy Future In A Golden World
I Initiate coverage of New Gold Inc. (NGD) with a Strong Buy rating due to the stock's recent pull-back and promising medium-term production outlook. Rainy River and New Afton mines in Canada show strong production potential, with significant gold, silver, and copper output expected in the next three years. I expect at least 15% upside with a $3.90 price target, but maintain a small position due to higher risks associated with mid-tier gold producers.
Positive
Zacks Investment Research
1 week ago
New Gold Inks Deal to Acquire Remaining Stake in New Afton Mine
NGD signs a deal with Ontario Teachers' Pension Plan to acquire 19.9% free cash flow interest in the New Afton Mine.
Neutral
PRNewsWire
1 week ago
NEW GOLD CONSOLIDATES 100% INTEREST IN ITS NEW AFTON MINE
(All dollar figures are in US dollars unless otherwise indicated) TORONTO , April 7, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that it has entered into an agreement with Ontario Teachers' Pension Plan ("Ontario Teachers'") to acquire the remaining 19.9% free cash flow interest in the Company's New Afton Mine ("New Afton") (the "Transaction"). Following the transaction, the Company will have fully consolidated its free cash flow interest in New Afton to 100%.
Neutral
PRNewsWire
2 weeks ago
NEW GOLD PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2025 RESULTS AND CONFERENCE CALL
TORONTO , April 3, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is providing notice that it will release its first quarter 2025 operational and financial results after market close on Tuesday, April 29, 2025. The Company will host its first quarter 2025 earnings conference call and webcast on Wednesday, April 30, 2025 at 8:30 am Eastern Time.
Positive
Zacks Investment Research
2 weeks ago
Will New Gold (NGD) Beat Estimates Again in Its Next Earnings Report?
New Gold (NGD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
PRNewsWire
2 weeks ago
NEW GOLD ANNOUNCES MAILING OF ITS MANAGEMENT INFORMATION CIRCULAR AND DIRECTOR NOT STANDING FOR RE-ELECTION
TORONTO , March 31, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announces the mailing of its Management Information Circular (the "Circular") for the Company's annual general and special meeting of shareholders being held on Tuesday, May 6, 2025 at 4:00 pm Eastern Time (the "Meeting"). New Gold is using the notice and access process adopted by the Canadian securities regulators for the delivery of the Circular.
Positive
Zacks Investment Research
2 weeks ago
Why Investors Need to Take Advantage of These 2 Basic Materials Stocks Now
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Positive
Seeking Alpha
3 weeks ago
New Gold Stock: Production And Margin Increases Continue
New Gold reported its highest production in 2024, with 80,400 ounces of gold and 14.5 million pounds of copper in Q4, driven by higher feed grades. Production is expected to increase in 2025 and beyond, driving New Gold's growth. Increased margins and cash flow growth, coupled with a positive outlook for copper and gold prices, provide a strong tailwind for NGD.
Negative
Zacks Investment Research
4 weeks ago
Gold Prices Trend Above $3,000 an Ounce: Watch These 4 Stocks
Gold prices reach unprecedented highs, and are expected to be supported by geopolitical tensions and central bank buying. Keep a close eye on stocks like AEM, AGI, KGC and NGD.
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