In last trading session, New Gold Inc (AMEX:NGD) saw 8.83 million shares changing hands with its beta currently measuring 1.44. Company’s recent per share price level of $1.82 trading at -$0.07 or -3.70% at ring of the bell on the day assigns it a market valuation of $1.25B. That closing price of NGD’s stock is at a discount of -7.14% from its 52-week high price of $1.95 and is indicating a premium of 52.75% from its 52-week low price of $0.86. Taking a look at company’s average trading volume volume of 7.65 million if we extend that period to 3-months.
New Gold Inc (AMEX:NGD) trade information
Upright in the red during last session for losing -3.70%, in the last five days NGD remained trading in the green while hitting it’s week-highest on Wednesday, 05/01/24 when the stock touched $1.82 price level, adding 6.67% to its value on the day. New Gold Inc’s shares saw a change of 24.66% in year-to-date performance and have moved 1.11% in past 5-day. New Gold Inc (AMEX:NGD) showed a performance of 1.11% in past 30-days.
New Gold Inc (NGD) estimates and forecasts
Statistics highlight that New Gold Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 49.18% of value to its shares in past 6 months, showing an annual growth rate of 28.57% while that of industry is 14.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 14.60% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 208.91M for the same. And 1 analysts are in estimates of company making revenue of 258.02M in the next quarter. Company posted 182.34M and 201.3M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 46.46% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 60.59% while estimates for its earnings growth in next 5 years are of 5.00%.
NGD Dividends
New Gold Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
