New Gold Inc (NGD): Uncovering A True Diamond In The Rough

New Gold Inc (AMEX:NGD) currently has a daily average trading volume of 9.82M but it saw 11140144 shares traded in last market. With a market cap of 2.27B USD, the company’s current market price of $2.87 came falling about -6.82 while comparing to the previous closing price of $3.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.25 and as low as $1.09. In the recent trading on the day, stock has struck highest price mark of $2.84 while lowest mark touched by it was $3.0.

Taking a look at 20-day trading activity of New Gold Inc (NGD) gives us an average price of $2.79, while its current price level is -11.69% below from 52-week high level whereas it is 163.30% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.80 while that of 200 days or SMA-200 reads an average of $2.28. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.46% during that period while stretching the period over a month that decreases to 4.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.57 which implies that the stock is in neutral territory.

Year-to-date it is 96.58% up and over the past year, the stock is showing an upside performance of 111.03%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0.07 while estimate for next year EPS is 0.2. Moreover, analysts are in estimates of $288.04M for current-quarter revenue.

Currently, New Gold Inc’s total number of outstanding shares is 790.90M. Company’s return on investment (ROI) stands at 1.39% and return on equity (ROE) at 2.14%. It has a price to earnings ratio (P/E ratio) of 183.97 while having a 8.13 of forward P/E ratio. Stock’s beta reads 1.32. Stock has a price to book (P/B) ratio of 2.28 while price to sale or P/S ratio amounts to 2.67. Its return on asset (ROA) is 0.95% on average.