In the last trading session, 20.64 million shares of the New Gold Inc (AMEX:NGD) were traded, and its beta was 0.43. Most recently the company’s share price was $4.30, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $3.40B. NGD currently trades at a discount to its 52-week high of $4.34, offering almost -0.93% off that amount. The share price’s 52-week low was $1.90, which indicates that the current value has risen by an impressive 55.81% since then. We note from New Gold Inc’s average daily trading volume that its 10-day average is 22.32 million shares, with the 3-month average coming to 23.75 million.
New Gold Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.89. If we narrow it down even further, the data shows that 1 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended NGD as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
New Gold Inc (AMEX:NGD) trade information
The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.34 on recent trading dayincreased the stock’s daily price by 0.92%. The company’s shares are currently up 73.39% year-to-date, but still up 10.26% over the last five days. On the other hand, New Gold Inc (AMEX:NGD) is 26.84% up in the 30-day period. We can see from the shorts that 14.44 million shares have been sold at a short interest cover period of 0.55 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to decrease their stock price by -7.5% from its current value. Analyst projections state that NGD is forecast to be at a low of $3.9 and a high of $4.75.
New Gold Inc earnings are expected to increase by 95.32% in 2025, but the outlook is positive 48.43% per year for the next five years.
NGD Dividends
New Gold Inc’s next quarterly earnings report is expected to be released on 2025-Apr-28.
New Gold Inc (AMEX:NGD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.75% of New Gold Inc shares, and 66.20% of them are in the hands of institutional investors. The stock currently has a share float of 68.77%. New Gold Inc stock is held by 363.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 9.5238% of the shares, which is about 70.34 million shares worth $137.17 million.
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 Apr 30, 2025 . The former held 26.91 shares worth $115.72 million, making up 3.40% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 23.61 shares worth around $101.53 million, which represents about 2.98% of the total shares outstanding.
