During the last session, New Gold Inc (AMEX:NGD)’s traded shares were 5.51 million, with the beta value of the company hitting 1.54. At the end of the trading day, the stock’s price was $1.80, reflecting an intraday gain of 4.65% or $0.08. The 52-week high for the NGD share is $1.94, that puts it down -7.78 from that peak though still a striking 52.22% gain since the share price plummeted to a 52-week low of $0.86. The company’s market capitalization is $1.23B, and the average trade volume was 7.24 million shares over the past three months.
New Gold Inc (AMEX:NGD) trade information
New Gold Inc (NGD) registered a 4.65% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.65% in intraday trading to $1.80, hitting a weekly high. The stock’s 5-day price performance is 2.86%, and it has moved by 13.92% in 30 days. Based on these gigs, the overall price performance for the year is 41.73%.
New Gold Inc (NGD) estimates and forecasts
Statistics show that New Gold Inc has underperformed its competitors in share price, compared to the industry in which it operates. New Gold Inc (NGD) shares have gone up 65.14% during the last six months, with a year-to-date growth rate less than the industry average at -28.57% against 6.50. In the rating firms’ projections, revenue will increase 10.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 190.92M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 216.82M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 201.6M and 182.34M respectively. In this case, analysts expect current quarter sales to shrink by -5.30% and then jump by 18.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 46.46%. While earnings are projected to return 36.22% in 2024, the next five years will return 5.00% per annum.
NGD Dividends
New Gold Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
