New Gold Inc (AMEX:NGD) has a beta value of 1.53 and has seen 1.73 million shares traded in the recent trading session. The company, currently valued at $1.27B, closed the recent trade at $1.86 per share which meant it gained $0.04 on the day or 1.92% during that session. The NGD stock price is -4.3% off its 52-week high price of $1.94 and 53.76% above the 52-week low of $0.86. The 3-month trading volume is 7.34 million shares.
New Gold Inc (AMEX:NGD) trade information
Sporting 1.92% in the green today, the stock has traded in the green over the last five days, when the NGD stock price touched $1.86 or saw a rise of 0.52%. Year-to-date, New Gold Inc shares have moved 27.05%, while the 5-day performance has seen it change 7.85%. Over the past 30 days, the shares of New Gold Inc (AMEX:NGD) have changed 9.12%.
New Gold Inc (NGD) estimates and forecasts
Figures show that New Gold Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 65.62% over the past 6 months, with this year growth rate of 28.57%, compared to 13.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -100.00% and -50.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.40%.
1 analysts offering their estimates for the company have set an average revenue estimate of $190.92 million for the current quarter. 1 have an estimated revenue figure of $216.82 million for the next quarter concluding in Jun 2024. Year-ago sales stood $201.6 million and $182.34 million respectively for this quarter and the next, and analysts expect sales will shrink by -5.30% for the current quarter and 18.90% 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 46.46% over the past 5 years. Earnings growth for 2024 is a modest 36.22% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.
NGD Dividends
New Gold Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
