In recent trading session, New Gold Inc (AMEX:NGD) saw 1.89 million shares changing hands at last check today with its beta currently measuring 1.31. Company’s recent per share price level of $3.02 trading at -$0.09 or -2.90% at last check today assigns it a market valuation of $2.39B. That most recent trading price of NGD’s stock is at a discount of -7.62% from its 52-week high price of $3.25 and is indicating a premium of 71.52% from its 52-week low price of $0.86. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 13.22 million shares which gives us an average trading volume of 8.76 million if we extend that period to 3-months.
For New Gold Inc (NGD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.04 in the current quarter.
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New Gold Inc (AMEX:NGD) trade information
Upright in the red during last session for losing -2.90%, in the last five days NGD remained trading in the red while hitting it’s week-highest on Wednesday, 09/25/24 when the stock touched $3.02 price level, adding 7.08% to its value on the day. New Gold Inc’s shares saw a change of 106.84% in year-to-date performance and have moved -2.90% in past 5-day. New Gold Inc (AMEX:NGD) showed a performance of 22.26% in past 30-days. Number of shares sold short was 7.4 million shares which calculate 1.15 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a fall of -51.0% to its recent value today. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 3.25. It follows that stock’s current price would jump 33.77% in reaching the projected high whereas dropping to the targeted low would mean a gain of 33.77% for stock’s current value.
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 77.64% of value to its shares in past 6 months, showing an annual growth rate of 114.29% while that of industry is 21.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 23.30% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 265.29M for the same. And 1 analysts are in estimates of company making revenue of 330.05M in the next quarter. Company posted 201.3M and 199.2M 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.
New Gold Inc (AMEX:NGD)’s Major holders
Insiders are in possession of 4.92% of company’s total shares while institution are holding 61.91 percent of that, with stock having share float percentage of 65.12%. Investors also watch the number of corporate investors in a company very closely, which is 61.91% institutions for New Gold Inc that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at NGD for having 70.34 million shares of worth $137.17 million. And as of 2024-06-30, it was holding 10.2302 of the company’s outstanding shares.
The second largest institutional holder is CONDIRE MANAGEMENT, LP, which was holding about 34.88 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.0732 of outstanding shares, having a total worth of $68.02 million.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024, the former fund manager was holding 35.54 shares of worth $106.68 million or 4.49% of the total outstanding shares. The later fund manager was in possession of 28.16 shares on Jul 31, 2024, making its stake of worth around $84.53 million in the company or a holder of 3.56% of company’s stock.
