New Gold Inc (NGD)

• Market cap: $2.29B
• 1 day: -0.34%
• 5 days: 5.45%
• 1 month: 5.07%
• 3 months: 22.88%
• 6 months: 42.16%
• Year to date: 102.80%
• 1 year: 105.67%
• 5 years: 230.07%
• 10 years: -34.24%

About: New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: 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: 1,542

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

517% more call options, than puts

Call options by funds: $20.8M | Put options by funds: $3.36M

144% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 18

67% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]

50% more capital invested

Capital invested by funds: $754M [Q2] → $1.13B (+$379M) [Q3]

35% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 52

14% more funds holding

Funds holding: 188 [Q2] → 214 (+26) [Q3]

0.95% more ownership

Funds ownership: 48.59% [Q2] → 49.55% (+0.95%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $3.25 12% upside
• Avg. target: $3.25 12% upside
• High target: $3.25 12% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Scotiabank Eric Winmill 71% 1-year accuracy 5 / 7 met price target

12% upside $3.25

Sector Outperform Maintained

17 Sept 2024