During the last session, New Gold Inc (AMEX:NGD)’s traded shares were 22.48 million, with the beta value of the company hitting 1.31. At the end of the trading day, the stock’s price was $2.85, reflecting an intraday loss of -2.06% or -$0.06. The 52-week high for the NGD share is $3.25, that puts it down -14.04 from that peak though still a striking 61.75% gain since the share price plummeted to a 52-week low of $1.09. The company’s market capitalization is $3.14B, and the average intraday trading volume over the past 10 days was 9.98 million shares, and the average trade volume was 9.18 million shares over the past three months.
New Gold Inc (NGD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.10. NGD has a Sell rating from 1 analyst(s) out of 8 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.08.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
New Gold Inc (AMEX:NGD) trade information
New Gold Inc (NGD) registered a -2.06% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.06% in intraday trading to $2.85, hitting a weekly high. The stock’s 5-day price performance is -2.40%, and it has moved by -3.72% in 30 days. Based on these gigs, the overall price performance for the year is 129.84%. The short interest in New Gold Inc (AMEX:NGD) is 5.9 million shares and it means that shorts have 0.59 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies a decrease of -42.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $3.25 respectively. As a result, NGD is trading at a discount of -14.04% off the target high and 29.82% off the low.
New Gold Inc (NGD) estimates and forecasts
Statistics show that New Gold Inc has outperformed its competitors in share price, compared to the industry in which it operates. New Gold Inc (NGD) shares have gone up 50.79% during the last six months, with a year-to-date growth rate more than the industry average at 114.29% against 21.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 900.00% this quarter and then jump 300.00% in the quarter after that. In the rating firms’ projections, revenue will increase 23.60% 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 336.36M as predicted by 1 analyst(s).
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 159.08% in 2024.
NGD Dividends
New Gold Inc is due to release its next quarterly earnings on 2025-Feb-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
New Gold Inc (AMEX:NGD)’s Major holders
New Gold Inc insiders own 4.92% of total outstanding shares while institutional holders control 61.83%, with the float percentage being 65.03%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 299.0 institutions own stock in it. As of 2024-06-30, the company held over 70.34 million shares (or 10.2302% of all shares), a total value of $137.17 million in shares.
The next largest institutional holding, with 34.88 million shares, is of CONDIRE MANAGEMENT, LP’s that is approximately 5.0732% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $68.02 million.
