Is New Gold Inc (AMEX: NGD) Stock An Instant Disaster Or An Incredible Opportunity?

In the latest trading session,, 3.43 million New Gold Inc (AMEX:NGD) shares changed hands as the company’s beta touched 1.54. With the company’s most recent per share price at $1.81 changing hands around $0.01 or 0.56% at last look, the market valuation stands at $1.24B. NGD’s current price is a discount, trading about -7.18% off its 52-week high of $1.94. The share price had its 52-week low at $0.86, which suggests the last value was 52.49% up since then. When we look at New Gold Inc’s average trading volume, we note the 3-month average coming to 6.51 million.

New Gold Inc (AMEX:NGD) trade information

Instantly NGD is in green as seen in intraday trades today. With action 3.43%, the performance over the past five days has been green. The jump to weekly highs of 1.9400 added 0.56% to the stock’s daily price. The company’s shares are showing year-to-date upside of 23.97%, with the 5-day performance at 3.43% in the green. However, in the 30-day time frame, New Gold Inc (AMEX:NGD) is 7.74% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

New Gold Inc (NGD) estimates and forecasts

Data shows that the New Gold Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 70.75% over the past 6 months, a -28.57% in annual growth rate that is considerably lower than the industry average of 2.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 46.46%. The 2024 estimates are for New Gold Inc earnings to increase by 24.32%, but the outlook for the next 5-year period is at 5.00% per year.