New Gold Inc (AMEX:NGD) has a beta value of 0.55 and has seen 3.43 million shares traded in the recent trading session. The company, currently valued at $2.83B, closed the recent trade at $3.58 per share which meant it lost -$0.07 on the day or -2.05% during that session. The NGD stock price is -5.59% off its 52-week high price of $3.78 and 53.63% above the 52-week low of $1.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.84 million shares traded. The 3-month trading volume is 16.38 million shares.
The consensus among analysts is that New Gold Inc (NGD) is Buy stock at the moment, with a recommendation rating of 1.44. 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
Sporting -2.05% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NGD stock price touched $3.58 or saw a rise of 5.29%. Year-to-date, New Gold Inc shares have moved 44.15%, while the 5-day performance has seen it change 3.03%. Over the past 30 days, the shares of New Gold Inc (AMEX:NGD) have changed 33.40%. Short interest in the company has seen 12.18 million shares shorted with days to cover at 0.63.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could drop -79.0% from the levels at last check today. The projected low price target is $2.0 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 9.22% off the targeted high while a plunge would see the stock lose 44.13% from the levels at last check today.
New Gold Inc (NGD) estimates and forecasts
The company’s shares have gained 24.13% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 24.35%.
1 analysts offering their estimates for the company have set an average revenue estimate of 191.4M for the current quarter. 1 have an estimated revenue figure of 238.31M 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 shrink by -0.36% for the current quarter and 24.35% for the next.
Earnings growth for 2025 is a modest 71.66% while over the next 5 years, the company’s earnings are expected to increase by 50.39%.
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 62.60% with a share float percentage of 65.04%. Investors are also buoyed by the number of investors in a company, with New Gold Inc having a total of 336.0 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 Feb 28, 2025, the former fund manager holds about 3.72% shares in the company for having 29.41 shares of worth $105.15 million while later fund manager owns 26.46 shares of worth $94.61 million as of Feb 28, 2025, which makes it owner of about 3.34% of company’s outstanding stock.
