New Gold Inc. (NYSE:NGD) has a beta value of 2.19 and has seen 3,072,092 shares traded in the recent trading session. The company, currently valued at $893.86 Million, closed the recent trade at $1.345 per share which meant it lost $0 on the day or 0% during that session. The NGD stock price is -15.99% off its 52-week high price of $1.56 and 71% above the 52-week low of $0.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.99 Million shares traded. The 3-month trading volume is 8.1 Million shares.
The consensus among analysts is that New Gold Inc. (NGD) is a Hold stock at the moment, with a recommendation rating of 2.7. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 7 out of 13 have rated it as a Hold, with 4 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
New Gold Inc. (NYSE:NGD) trade information
Despite being 0% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 30 when the NGD stock price touched $1.35 or saw a rise of 1.11%. Year-to-date, New Gold Inc. shares have moved 51.7%, while the 5-day performance has seen it change 5.12%. Over the past 30 days, the shares of New Gold Inc. (NYSE:NGD) have changed 10.33%. Short interest in the company has seen 5.02 Million shares shorted with days to cover at 0.62.
Wall Street analysts have a consensus price target for the stock at $1.39, which means that the shares’ value could jump 3.35% from current levels. The projected low price target is $0.85 while the price target rests at a high of $1.87. In that case, then, we find that the current price level is +39.03% off the targeted high while a plunge would see the stock lose -36.8% from current levels.
New Gold Inc. (NGD) estimates and forecasts
4 analysts offering their estimates for the company have set an average revenue estimate of $227.3 Million for the current quarter. 1 have an estimated revenue figure of $217.21 Million for the next quarter concluding in March 01, 2018. Year-ago sales stood $170.3 Million and $169.5 Million respectively for this quarter and the next, and analysts expect sales will grow by 33.5% for the current quarter and 28.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +33.8% over the past 5 years. Earnings growth for 2020 is a modest +93.6% while over the next 5 years, the company’s earnings are expected to increase by 5%.
New Gold Inc. (NYSE:NGD)’s Major holders
Insiders own 0.19% of the company shares, while shares held by institutions stand at 57.55% with a share float percentage of 57.66%. Investors are also buoyed by the number of investors in a company, with New Gold Inc. having a total of 192 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 72.12 Million shares worth more than $36.82 Million. As of March 30, 2020, Van Eck Associates Corporation held 10.67% of shares outstanding.
The other major institutional holder is Kopernik Global Investors, LLC, with the holding of over 42.93 Million shares as of March 30, 2020. The firm’s total holdings are worth over $21.92 Million and represent 6.35% of shares outstanding.