New Gold Inc. (NGD-T) Stock Predictions - Stockchase
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New Gold Inc. (NGD-T)

ON STOCKCHASE SINCE Nov 2005

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New Gold Inc.

NGD-T

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New Gold Inc. (NGD-T) SAVE Feb, 21, 2019, 6:33 am

1.17 0.02 (1.68%)

About New Gold Inc. (NGD-T)

New Gold Inc. is a multinational mining company with gold, silver and copper containing assets. It engages in both exploratory and production activity in North America, South America and Australia. More at Wikipedia

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New Gold Inc.(NGD-T) 

January 9, 2019

A company that has struggled with large mines that take so long to get going. Rainy River has been their Achilles heel. They put out a good update, but one quarter does not make the mine. He wants to see several quarters of success. Patience is needed, but there is still significant risk for this project.
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A company that has struggled with large mines that take so long to get going. Rainy River has been their Achilles heel. They put out a good update, but one quarter does not make the mine. He wants to see several quarters of success. Patience is needed, but there is still significant risk for this project.
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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$1.610
Owned Owned
No

DON'T BUY
New Gold Inc.(NGD-T) 

October 30, 2018

Guidance maintained, but concerns about mixed results. Would tend to stay away or switch out to something else. But if you’ve owned it for a while, looks like it might come around and have quite a bit of leverage.
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Guidance maintained, but concerns about mixed results. Would tend to stay away or switch out to something else. But if you’ve owned it for a while, looks like it might come around and have quite a bit of leverage.
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$1.100
Owned Owned
No

SELL
New Gold Inc.(NGD-T) 

December 29, 2017

Chart shows a bunch of lower highs. The group of sellers are accepting lower and lower prices and are willing to sell. The buyers are sticking to a certain price (about $3.75 or $4) and are not willing to step up. Sellers are getting more aggressive and buyers are not. If he owned, he would be selling.

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Chart shows a bunch of lower highs. The group of sellers are accepting lower and lower prices and are willing to sell. The buyers are sticking to a certain price (about $3.75 or $4) and are not willing to step up. Sellers are getting more aggressive and buyers are not. If he owned, he would be selling.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$4.130
Owned Owned
No

COMMENT
New Gold Inc.(NGD-T) 

March 7, 2017

The knock against this is the climbing costs of their Rainy River mine that they would like to get into production. He prefers companies that have very robust projects to start with. Things like this one were not robust to start with, even before they acquired it. He is not interested in this.

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The knock against this is the climbing costs of their Rainy River mine that they would like to get into production. He prefers companies that have very robust projects to start with. Things like this one were not robust to start with, even before they acquired it. He is not interested in this.

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Robert Cohen B.

Vice Presi, Dynamic Funds...

Price Price
$3.760
Owned Owned
No

COMMENT
New Gold Inc.(NGD-T) 

September 28, 2016

He sold his holdings. Likes their operating skills, but doesn’t like Rainy River. Doesn’t understand the geology in Rainy River enough to understand the $1 billion price tag on it.

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He sold his holdings. Likes their operating skills, but doesn’t like Rainy River. Doesn’t understand the geology in Rainy River enough to understand the $1 billion price tag on it.

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Rick Rule

Pres. & C, Sprott USA...

Price Price
$5.830
Owned Owned
No

COMMENT
New Gold Inc.(NGD-T) 

September 9, 2016

Well sponsored and has good management, but they are having problems the same as every other gold company. This one should be fine based on his gold thesis.

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Well sponsored and has good management, but they are having problems the same as every other gold company. This one should be fine based on his gold thesis.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$6.140
Owned Owned
Unknown

COMMENT
New Gold Inc.(NGD-T) 

July 27, 2016

If there was a tight group of 5 companies that he would find investable right now, this would be in the next level up. Their projects are good, but he never gets a feeling they are super fantastic.

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If there was a tight group of 5 companies that he would find investable right now, this would be in the next level up. Their projects are good, but he never gets a feeling they are super fantastic.

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$6.290
Owned Owned
No

WATCH
New Gold Inc.(NGD-T) 

July 26, 2016

A gold producer with production of about 400,000 ounces. The main catalyst is the building of a new mine, a Rainy River project in Northwestern Ontario. The problem is the funding of the project. The balance sheet has been stressed. Ran into some problems in Rainy River with some issues on the concrete that was poured, and have had to redesign it, costing $40 million-$50 million more than expected. That has investors worried about the balance sheet and how they are going to fund that extra capital. Because of that, he is not looking at this at the moment. If you see this gold bull market continue to move higher, and the US generalist’s get pulled more into the space, this name could really re-rate and perform.

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A gold producer with production of about 400,000 ounces. The main catalyst is the building of a new mine, a Rainy River project in Northwestern Ontario. The problem is the funding of the project. The balance sheet has been stressed. Ran into some problems in Rainy River with some issues on the concrete that was poured, and have had to redesign it, costing $40 million-$50 million more than expected. That has investors worried about the balance sheet and how they are going to fund that extra capital. Because of that, he is not looking at this at the moment. If you see this gold bull market continue to move higher, and the US generalist’s get pulled more into the space, this name could really re-rate and perform.

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Jon Case

Portfolio , Sentry Investments...

Price Price
$5.830
Owned Owned
Unknown

COMMENT
New Gold Inc.(NGD-T) 

May 12, 2016

(Market Call Minute.) Probably one of the best of the 2nd tier producers. Highly leveraged to the gold price and well-run.

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(Market Call Minute.) Probably one of the best of the 2nd tier producers. Highly leveraged to the gold price and well-run.

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Rick Rule

Pres. & C, Sprott USA...

Price Price
$5.900
Owned Owned
Unknown

COMMENT
New Gold Inc.(NGD-T) 

January 6, 2016

If gold recovers, which it should over time, especially if the US$ comes down a bit, there is lots of value in the gold market. The stocks are way off. Have had a little recovery, but not that much. If you think gold is flat or down, don’t be in a rush. He would be hesitant.

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If gold recovers, which it should over time, especially if the US$ comes down a bit, there is lots of value in the gold market. The stocks are way off. Have had a little recovery, but not that much. If you think gold is flat or down, don’t be in a rush. He would be hesitant.

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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$3.330
Owned Owned
Unknown

WAIT
New Gold Inc.(NGD-T) 

March 4, 2015

Very few companies that are building real projects, so it is now up to them to do it on time and on budget. Project is in BC and then they are coming back to Ontario. With the Cdn$ down, the market should support them. Because of the nature of building things and timing capital, there is always this sweet spot that you never quite know exactly where it is. 12 months before they actually start producing is probably the best time to buy.

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Very few companies that are building real projects, so it is now up to them to do it on time and on budget. Project is in BC and then they are coming back to Ontario. With the Cdn$ down, the market should support them. Because of the nature of building things and timing capital, there is always this sweet spot that you never quite know exactly where it is. 12 months before they actually start producing is probably the best time to buy.

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$4.610
Owned Owned
No

COMMENT
New Gold Inc.(NGD-T) 

March 3, 2015

Have access to high-quality deals, because of the quality of the board and management team. He is struggling to see the new leg of growth. Their Blackwater or Rainy River projects probably made more sense in a higher gold price environment. Rainy River probably has a better chance of eventually coming into a play that they can actually finance. Wouldn’t be surprised if there might be some acquisitions to fill the gap for 2016, and use some of that cost of capital they have, to make that acquisition.

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Have access to high-quality deals, because of the quality of the board and management team. He is struggling to see the new leg of growth. Their Blackwater or Rainy River projects probably made more sense in a higher gold price environment. Rainy River probably has a better chance of eventually coming into a play that they can actually finance. Wouldn’t be surprised if there might be some acquisitions to fill the gap for 2016, and use some of that cost of capital they have, to make that acquisition.

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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$4.600
Owned Owned
No

COMMENT
New Gold Inc.(NGD-T) 

May 30, 2014

A midsize gold producer, mostly focused around the Americas. Production is around 400,000 ounces a year. Current production is not so important; it is really expectations of future production. You really have to get comfortable with development assets because they have a suite of very large development assets in Canada. He is not looking for companies that have to plow a lot of cash and capital into the ground to keep production growing and generate free cash flow. This company is caught up in that position, where most of their cash flow right now is going to be reinvested to bring on new assets. Great for adding value long-term, but for him, he is looking for free cash flow and there is not a lot. Fairly valued now. Management team is probably one of the best in the business.

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A midsize gold producer, mostly focused around the Americas. Production is around 400,000 ounces a year. Current production is not so important; it is really expectations of future production. You really have to get comfortable with development assets because they have a suite of very large development assets in Canada. He is not looking for companies that have to plow a lot of cash and capital into the ground to keep production growing and generate free cash flow. This company is caught up in that position, where most of their cash flow right now is going to be reinvested to bring on new assets. Great for adding value long-term, but for him, he is looking for free cash flow and there is not a lot. Fairly valued now. Management team is probably one of the best in the business.

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Jon Case

Portfolio , Sentry Investments...

Price Price
$5.810
Owned Owned
No

HOLD
New Gold Inc.(NGD-T) 

March 13, 2014

Technically this is in an upward trend, outperforming the Canadian market and very close to breaking out which would be a confirmation of an upward trend. Also, trading above its 20 day moving average. However, there is some resistance at around $8.30 which doesn’t create too much concern. Historically, the stock doesn’t do very well from February to July of each year.

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Technically this is in an upward trend, outperforming the Canadian market and very close to breaking out which would be a confirmation of an upward trend. Also, trading above its 20 day moving average. However, there is some resistance at around $8.30 which doesn’t create too much concern. Historically, the stock doesn’t do very well from February to July of each year.

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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$7.020
Owned Owned
Unknown

HOLD
New Gold Inc.(NGD-T) 

March 11, 2014

If you bought it just recently then you will need to be a bit patient. He tries to buy after a breakout, which it hasn't done yet. If you have it hold it for now.

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If you bought it just recently then you will need to be a bit patient. He tries to buy after a breakout, which it hasn't done yet. If you have it hold it for now.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$6.670
Owned Owned
Unknown

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