New Gold Inc (AMEX:NGD) has a beta value of 0.40 and has seen 3.11 million shares traded in the recent trading session. The company, currently valued at $3.48B, closed the recent trade at $4.4 per share which meant it lost -$0.12 on the day or -2.65% during that session. The NGD stock price is -17.27% off its 52-week high price of $5.16 and 55.91% above the 52-week low of $1.94. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.92 million shares traded. The 3-month trading volume is 24.92 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
Sporting -2.65% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NGD stock price touched $4.4 or saw a rise of 8.71%. Year-to-date, New Gold Inc shares have moved 85.65%, while the 5-day performance has seen it change -7.17%. Over the past 30 days, the shares of New Gold Inc (AMEX:NGD) have changed -10.39%. Short interest in the company has seen 13.66 million shares shorted with days to cover at 0.68.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -10.0% 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 -7.95% off the targeted high while a plunge would see the stock lose 11.36% from the levels at last check today..
New Gold Inc (NGD) estimates and forecasts
The company’s shares have gained 67.30% over the past 6 months.
Earnings growth for 2025 is a modest 125.08% while over the next 5 years, the company’s earnings are expected to increase by 62.40%.
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
Insiders own 3.75% of the company shares, while shares held by institutions stand at 65.60% with a share float percentage of 68.16%. Investors are also buoyed by the number of investors in a company, with New Gold Inc having a total of 368.0 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 May 31, 2025 , the former fund manager holds about 3.42% shares in the company for having 27.11 shares of worth $119.03 million while later fund manager owns 22.16 shares of worth $97.27 million as of May 31, 2025 , which makes it owner of about 2.80% of company’s outstanding stock.
