NGD

New Gold Inc
NGD

$3.10

7.27%

Market Cap: $2.45B

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

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

192% more call options, than puts

Call options by funds: $4.37M | Put options by funds: $1.5M

117% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 29

109% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 22

60% more capital invested

Capital invested by funds: $461M [Q1] → $738M (+$277M) [Q2]

15% more funds holding

Funds holding: 164 [Q1] → 188 (+24) [Q2]

7.96% more ownership

Funds ownership: 39.57% [Q1] → 47.53% (+7.96%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$2.75

11%

downside

Avg. target

$3.08

1%

downside

High target

$3.40

10%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Scotiabank Eric Winmill 33% 1-year accuracy 2 / 6 met price target	11%downside $2.75	Sector Outperform Maintained	19 Aug 2024
CIBC Anita Soni 100% 1-year accuracy 6 / 6 met price target	10%upside $3.40	Outperformer Maintained	10 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about NGD published over the past 30 days

NEW GOLD EXPANDS OPEN PIT AND UNDERGROUND MINERALIZATION AT RAINY RIVER, DEMONSTRATES STRONG SUPPORT FOR MINERAL RESOURCES GROWTH

TORONTO , Sept. 11, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to provide an update on its ongoing Rainy River exploration program.

NEW GOLD EXPANDS OPEN PIT AND UNDERGROUND MINERALIZATION AT RAINY RIVER, DEMONSTRATES STRONG SUPPORT FOR MINERAL RESOURCES GROWTH

NEW GOLD STRENGTHENS BOARD WITH SEASONED APPOINTMENTS

TORONTO , Sept. 9, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that Sophie Bergeron and Ross Bhappu have been appointed to its Board of Directors (the "Board").

NEW GOLD STRENGTHENS BOARD WITH SEASONED APPOINTMENTS

Zacks Investment Research

New Gold (NGD) Is Considered a Good Investment by Brokers: Is That True?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

New Gold (NGD) Is Considered a Good Investment by Brokers: Is That True?

Zacks Investment Research

Is It Worth Investing in New Gold (NGD) Based on Wall Street's Bullish Views?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Is It Worth Investing in New Gold (NGD) Based on Wall Street's Bullish Views?

New Gold Inc. (NGD) Q2 2024 Earnings Call Transcript

New Gold Inc. (NYSE:NGD ) Q2 2024 Results Conference Call July 31, 2024 8:30 AM ET Company Participants Ankit Shah - EVP, Strategy and Business Development Patrick Godin - President and CEO Keith Murphy - CFO Luke Buchanan - VP, Technical Services Jean-Francois Ravenelle - VP, Geology Conference Call Participants Eric Winmill - Scotiabank Anita Soni - CIBC World Markets Jeremy Hoy - Canaccord Mike Parkin - National Bank Operator Good morning. My name is Ludy, and I'll be your conference operator today.

New Gold Inc. (NGD) Q2 2024 Earnings Call Transcript

NEW GOLD APPOINTS RICHARD O'BRIEN CHAIR OF THE BOARD

TORONTO , July 31, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that Richard O'Brien has been appointed as Chair of the Board effective August 1, 2024. Mr. O'Brien was appointed to the Board of Directors on March 25, 2024, where it was announced that he was expected to transition into the Chair role.

NEW GOLD APPOINTS RICHARD O'BRIEN CHAIR OF THE BOARD

NEW GOLD REPORTS SECOND QUARTER 2024 RESULTS

Company Enters Sustained Free Cash Flow Generation Period (All amounts are in U.S. dollars unless otherwise indicated) TORONTO , July 30, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) reports second quarter results for the Company as of June 30, 2024. Second quarter 2024 production was 68,598 gold ounces and 13.6 million pounds of copper as planned, at an operating expense of $1,156 per gold ounce sold (co-product basis)3 and all-in sustaining costs1 of $1,381 per gold ounce sold (by-product basis).

NEW GOLD REPORTS SECOND QUARTER 2024 RESULTS

NEW GOLD APPOINTS CHRISTIAN MILAU TO THE BOARD OF DIRECTORS

TORONTO , July 29, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that Christian Milau has been appointed to its Board of Directors (the "Board") effective immediately. Christian brings over 25 years of experience in finance, capital markets and mining.

NEW GOLD APPOINTS CHRISTIAN MILAU TO THE BOARD OF DIRECTORS

NEW GOLD ANNOUNCES OPERATIONS AT THE RAINY RIVER MINE HAVE RESUMED

TORONTO , July 29, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announces that operations resumed during the day shift on Saturday July 27th at the Rainy River Mine in northwestern Ontario, following the employee fatality reported on July 24th. Operations safely resumed Saturday, as no other equipment or site infrastructure was impacted in the incident.

NEW GOLD ANNOUNCES OPERATIONS AT THE RAINY RIVER MINE HAVE RESUMED

Zacks Investment Research

Is New Gold (NGD) Outperforming Other Basic Materials Stocks This Year?

Here is how New Gold (NGD) and Equinox Gold (EQX) have performed compared to their sector so far this year.

Is New Gold (NGD) Outperforming Other Basic Materials Stocks This Year?

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