In the last trading session, 19.0 million New Gold Inc (AMEX:NGD) shares changed hands as the company’s beta touched 0.57. With the company’s per share price at $3.35 changed hands at -$0.02 or -0.59% during last session, the market valuation stood at $2.65B. NGD’s last price was a discount, traded about -15.22% off its 52-week high of $3.86. The share price had its 52-week low at $1.73, which suggests the last value was 48.36% up since then. When we look at New Gold Inc’s average trading volume, we note the 10-day average is 26.84 million shares, with the 3-month average coming to 20.87 million.
Analysts gave the New Gold Inc (NGD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.57. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended NGD as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. New Gold Inc’s EPS for the current quarter is expected to be 0.02.
New Gold Inc (AMEX:NGD) trade information
Instantly NGD was in red as seen at the end of in last trading. With action -3.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 35.08%, with the 5-day performance at -3.46% in the red. However, in the 30-day time frame, New Gold Inc (AMEX:NGD) is -6.94% down. Looking at the short shares, we see there were 12.3 million shares sold at short interest cover period of 0.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 16.25% from its current market value. According to analyst projections, NGD’s forecast low is 3.9 with 4.75 as the target high. To hit the forecast high, the stock’s price needs a -41.79% plunge from its current level, while the stock would need to soar -16.42% for it to hit the projected low.
New Gold Inc (NGD) estimates and forecasts
Year-over-year growth is forecast to reach 38.09% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 170.79M. 1 analysts are of the opinion that New Gold Inc’s revenue for the current quarter will be 296.98M. The company’s revenue for the corresponding quarters a year ago was 192.1M and 218.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.09%. The estimates for the next quarter sales put growth at 36.10%.
The 2025 estimates are for New Gold Inc earnings to increase by 111.32%, but the outlook for the next 5-year period is at 45.17% per year.
NGD Dividends
New Gold Inc is expected to release its next quarterly earnings report on 2025-Feb-18.
New Gold Inc (AMEX:NGD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.75% of New Gold Inc shares while 62.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.84%. There are 62.41% institutions holding the New Gold Inc stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 9.5238% of the shares, roughly 70.34 million NGD shares worth $137.17 million.
CONDIRE MANAGEMENT, LP holds the second largest percentage of outstanding shares, with 4.7229% or 34.88 million shares worth $68.02 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF . With 28.41 shares estimated at $95.17 million under it, the former controlled 3.59% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held about 3.15% of the shares, roughly 24.95 shares worth around $83.57 million.
