New Gold Inc (AMEX:NGD) has a beta value of 0.44 and has seen 6.36 million shares traded in the recent trading session. The company, currently valued at $3.96B, closed the recent trade at $25940000.0 per share which meant it gained $25939995.17 on the day or 6357180% during that session. The NGD stock price is 100.0% off its 52-week high price of $4.98 and 100.0% above the 52-week low of $1.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 26.85 million shares traded. The 3-month trading volume is 25.94 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 17.88%. Short interest in the company has seen 14.27 million shares shorted with days to cover at 0.61.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -648499900.0% 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 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
New Gold Inc (NGD) estimates and forecasts
The company’s shares have gained 88.35% over the past 6 months.
Earnings growth for 2025 is a modest 103.29% while over the next 5 years, the company’s earnings are expected to increase by 59.27%.
NGD Dividends
New Gold Inc is expected to release its next earnings report on 2025-Apr-29 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
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.
