New Gold Inc (AMEX:NGD)’s traded shares stood at 12.6 million during the last session, with the company’s beta value hitting 0.39. At the close of trading, the stock’s price was $4.43, to imply a decrease of -1.34% or -$0.06 in intraday trading. The NGD share’s 52-week high remains $5.16, putting it -16.48% down since that peak but still an impressive 56.21% since price per share fell to its 52-week low of $1.94. The company has a valuation of $3.51B, with an average of 13.66 million shares in intraday trading volume over the past 10 days and average of 23.38 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for New Gold Inc (NGD), translating to a mean rating of 1.80. Of 8 analyst(s) looking at the stock, 1 analyst(s) give NGD a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 5 recommend it as a Buy.
New Gold Inc (AMEX:NGD) trade information
After registering a -1.34% downside in the last session, New Gold Inc (NGD) has traded red over the past five days. The 5-day price performance for the stock is 2.07%, and -8.66% over 30 days. With these gigs, the year-to-date price performance is 102.28%. Short interest in New Gold Inc (AMEX:NGD) saw shorts transact 15.62 million shares and set a 0.68 days time to cover.
The extremes give us $3.9 and $4.75 for target low and target high price respectively. As such, NGD has been trading -7.22% off suggested target high and 11.96% from its likely low.
NGD Dividends
New Gold Inc has its next earnings report out on 2025-May-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
New Gold Inc (AMEX:NGD)’s Major holders
New Gold Inc insiders hold 3.75% of total outstanding shares, with institutional holders owning 64.94% of the shares at 67.47% float percentage. In total, 64.94% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 70.34 million shares (or 9.5238% of shares), all amounting to roughly $137.17 million.
The next major institution holding the largest number of shares is CONDIRE MANAGEMENT, LP with 34.88 million shares, or about 4.7229% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $68.02 million.
