New Gold Inc (AMEX:NGD) has a beta value of 0.44 and has seen 16.34 million shares traded in the recent trading session. The company, currently valued at $3.67B, closed the recent trade at $4.64 per share which meant it gained $0.19 on the day or 4.16% during that session. The NGD stock price is 3.45% off its 52-week high price of $4.48 and 59.05% above the 52-week low of $1.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.04 million shares traded. The 3-month trading volume is 24.29 million shares.
The consensus among analysts is that New Gold Inc (NGD) is Buy stock at the moment, with a recommendation rating of 1.80. 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.
New Gold Inc (AMEX:NGD) trade information
Over the past 30 days, the shares of New Gold Inc (AMEX:NGD) have changed 19.77%. Short interest in the company has seen 14.44 million shares shorted with days to cover at 0.52.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -16.0% from the levels at last check today.. The projected low price target is $3.9 while the price target rests at a high of $4.75. In that case, then, we find that the latest price level in today’s session is -2.37% off the targeted high while a plunge would see the stock lose 15.95% from the levels at last check today..
New Gold Inc (NGD) estimates and forecasts
The company’s shares have gained 71.03% over the past 6 months.
Earnings growth for 2025 is a modest 94.29% while over the next 5 years, the company’s earnings are expected to increase by 54.81%.
NGD Dividends
New Gold Inc is expected to release its next earnings report on 2025-Apr-28 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 66.22% with a share float percentage of 68.80%. Investors are also buoyed by the number of investors in a company, with New Gold Inc having a total of 364.0 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 Apr 30, 2025 , the former fund manager holds about 3.40% shares in the company for having 26.91 shares of worth $124.47 million while later fund manager owns 23.61 shares of worth $109.21 million as of Apr 30, 2025 , which makes it owner of about 2.98% of company’s outstanding stock.
