Why Invest In New Gold Inc (NGD) Stock?

New Gold Inc (AMEX:NGD) has a beta value of 1.35 and has seen 3.28 million shares traded in the recent trading session. The company, currently valued at $1.59B, closed the recent trade at $2.02 per share which meant it gained $0.03 on the day or 1.26% during that session. The NGD stock price is -14.36% off its 52-week high price of $2.31 and 57.43% above the 52-week low of $0.86. The 3-month trading volume is 10.00 million shares.

New Gold Inc (AMEX:NGD) trade information

Sporting 1.26% in the green today, the stock has traded in the red over the last five days, when the NGD stock price touched $2.02 or saw a rise of 7.13%. Year-to-date, New Gold Inc shares have moved 38.01%, while the 5-day performance has seen it change -1.71%. Over the past 30 days, the shares of New Gold Inc (AMEX:NGD) have changed 8.33%.

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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 47.08% over the past 6 months, with this year growth rate of 71.43%, compared to 17.30% for the industry.

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 76.08% 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 July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.