New Gold Inc (AMEX:NGD) has a beta value of 1.05 and has seen 2.59 million shares traded in the recent trading session. The company, currently valued at $2.39B, closed the recent trade at $3.02 per share which meant it gained $0.02 on the day or 0.61% during that session. The NGD stock price is -7.62% off its 52-week high price of $3.25 and 49.67% above the 52-week low of $1.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.03 million shares traded. The 3-month trading volume is 13.03 million shares.
The consensus among analysts is that New Gold Inc (NGD) is Buy stock at the moment, with a recommendation rating of 2.10. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 8 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.01.
New Gold Inc (AMEX:NGD) trade information
Over the past 30 days, the shares of New Gold Inc (AMEX:NGD) have changed -3.87%. Short interest in the company has seen 11.1 million shares shorted with days to cover at 0.78.
Wall Street analysts have a consensus price target for the stock at $3.25, which means that the shares’ value could jump 7.08% from the levels at last check today. The projected low price target is $3.25 while the price target rests at a high of $3.25. In that case, then, we find that the latest price level in today’s session is -7.62% off the targeted high while a plunge would see the stock gain -7.62% from the levels at last check today.
New Gold Inc (NGD) estimates and forecasts
The company’s shares have gained 27.36% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 23.78%.
1 analysts offering their estimates for the company have set an average revenue estimate of 260.56M for the current quarter. 1 have an estimated revenue figure of 263.46M for the next ending quarter. Year-ago sales stood 192.1M and 218.2M respectively for this quarter and the next, and analysts expect sales will grow by 35.64% for the current quarter and 23.78% for the next. Earnings growth for 2025 is a modest 55.13% while over the next 5 years, the company’s earnings are expected to increase by 47.84%.
NGD Dividends
New Gold Inc is expected to release its next earnings report on 2025-Feb-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
New Gold Inc (AMEX:NGD)’s Major holders
Insiders own 3.75% of the company shares, while shares held by institutions stand at 62.36% with a share float percentage of 64.80%. Investors are also buoyed by the number of investors in a company, with New Gold Inc having a total of 339.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 70.34 million shares worth more than $137.17 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 9.5238% of shares outstanding.
The other major institutional holder is CONDIRE MANAGEMENT, LP, with the holding of over 34.88 million shares as of 2024-06-30. The firm’s total holdings are worth over $68.02 million and represent 4.7229% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Dec 31, 2024, the former fund manager holds about 4.19% shares in the company for having 33.15 shares of worth $100.27 million while later fund manager owns 28.15 shares of worth $85.16 million as of Dec 31, 2024, which makes it owner of about 3.56% of company’s outstanding stock.
