New Gold Inc (AMEX:NGD) does about 6.92M shares in volume on a normal day but saw 10766481 shares change hands in Monday trading. The company now has a market cap of 1.18B USD. Its current market price is $1.72, marking a decrease of -1.71% compared to the previous close of $1.75. The 52 week high reached by this stock is $1.94 whilst the lowest price level in 52 weeks is $0.86.
New Gold Inc (NGD) has a 20-day trading average at $1.7395 and the current price is -11.34% off the 52-week high compared with 100.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5262 and its 200-day simple moving average is $1.2728. If we look at the stock’s price movements over the week, volatility stands at 4.58%, which increases to 5.68% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.83 to suggest the stock is neutral.
The consensus objective for the share price is $1.92, suggesting that the stock has a potential upside of 10.42% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 03, 2023 when Scotiabank resumed the stock to “Sector Perform” and issued a price target of $1.25. RBC Capital Mkts upgraded its price target at $1-$1.25.
New Gold Inc (NGD) stock is down -2.27% over the week and 5.52% over the past month. Its price is 17.81% year-to-date and 33.33% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -$0.01 below consensus estimates by -$0.03. NGD’s earnings per share are forecast to grow by 42.90% this year and 60.00% over next year. Expected sales for next quarter are $216.82 million, which analysts say will come at $867.98 million for the current fiscal year and next year at $985.1 million. In addition, estimates put the company’s current quarterly revenue at an average of $190.92 million.
To reach the target analysts have set, the stock logically needs to grow 10.42 percent from here.
The company has a return on investment of -5.43% and return on equity of -7.38%. The forward price to earnings ratio is 9.07. The beta has a value of 1.51. Price to book ratio is 1.50 and price to sales ratio is 1.50.
