In the latest trading session,, 5.03 million New Gold Inc (AMEX:NGD) shares changed hands as the company’s beta touched 0.37. With the company’s most recent per share price at $3.85 changing hands around $0.08 or 2.12% at last look, the market valuation stands at $3.05B. NGD’s current price is a discount, trading about -9.35% off its 52-week high of $4.21. The share price had its 52-week low at $1.86, which suggests the last value was 51.69% up since then.
Analysts gave the New Gold Inc (NGD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.89. 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 0.08.
New Gold Inc (AMEX:NGD) trade information
Instantly NGD is in green as seen in intraday trades today. With action 1.05%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 55.25%, with the 5-day performance at 1.05% in the green. However, in the 30-day time frame, New Gold Inc (AMEX:NGD) is 5.77% up.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 3.75% from its recent 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 -23.38% plunge from its current level, while the stock would need to soar -1.3% for it to hit the projected low.
New Gold Inc (NGD) estimates and forecasts
Year-over-year growth is forecast to reach 38.39% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 296.98M. 1 analysts are of the opinion that New Gold Inc’s revenue for the current quarter will be 362.38M. The company’s revenue for the corresponding quarters a year ago was 218.2M and 252M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 36.10%. The estimates for the next quarter sales put growth at 43.80%.
The 2025 estimates are for New Gold Inc earnings to increase by 95.08%, but the outlook for the next 5-year period is at 48.43% per year.
NGD Dividends
New Gold Inc is expected to release its next quarterly earnings report in June.
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 Apr 30, 2025 were VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF . With 26.91 shares estimated at $104.55 million under it, the former controlled 3.40% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held about 2.98% of the shares, roughly 23.61 shares worth around $91.73 million.
