In today’s recent session, 5.79 million shares of the New Gold Inc (AMEX:NGD) have been traded, and its beta is 1.14. Most recently the company’s share price was $2.81, and it changed around $0.13 or 5.01% from the last close, which brings the market valuation of the company to $2.23B. NGD at last check was trading at a discount to its 52-week high of $3.25, offering almost -15.66% off that amount. The share price’s 52-week low was $1.40, which indicates that the recent value has risen by an impressive 50.18% since then.
New Gold Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 1 out of 10 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 2 recommended NGD as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. New Gold Inc is expected to report earnings per share of 0.02 for the current quarter.
New Gold Inc (AMEX:NGD) trade information
Instantly NGD has been showing a green trend so far today with a performance of 5.01% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 13.48% year-to-date, but still down -0.55% over the last five days. On the other hand, New Gold Inc (AMEX:NGD) is -2.62% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $3.25, which translates to bulls needing to increase their stock price by 13.54% from its current value. Analyst projections state that NGD is forecast to be at a low of $3.25 and a high of $3.25.
New Gold Inc (NGD) estimates and forecasts
The year-over-year growth rate is expected to be 23.39%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 260.56M in revenue for the current quarter. 1 analysts expect New Gold Inc to make 263.46M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 192.1M and 218.2M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 35.64%. Forecasts for the next quarter put sales growth at 20.74%.
New Gold Inc earnings are expected to increase by 58.53% in 2025, but the outlook is positive 48.94% per year for the next five years.
New Gold Inc (AMEX:NGD)’s Major holders
CONDIRE MANAGEMENT, LP, with 4.7229% or 34.88 million shares worth $68.02 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 33.15 shares worth $92.98 million, making up 4.19% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 28.15 shares worth around $78.97 million, which represents about 3.56% of the total shares outstanding.
