New Gold Inc (AMEX:NGD)’s traded shares stood at 27.42 million during the last session, with the company’s beta value hitting 0.44. At the close of trading, the stock’s price was $4.88, to imply an increase of 1.46% or $0.07 in intraday trading. The NGD share’s 52-week high remains $4.97, putting it -1.84% down since that peak but still an impressive 61.07% since price per share fell to its 52-week low of $1.90. The company has a valuation of $3.86B, with an average of 29.65 million shares in intraday trading volume over the past 10 days and average of 25.18 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. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.09.
New Gold Inc (AMEX:NGD) trade information
After registering a 1.46% upside 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 -0.41%, and 25.77% over 30 days. With these gigs, the year-to-date price performance is 96.77%. Short interest in New Gold Inc (AMEX:NGD) saw shorts transact 14.27 million shares and set a 0.61 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 2.66% off suggested target high and 20.08% from its likely low.
New Gold Inc (NGD) estimates and forecasts
The rating firms project that company’s revenue will grow 39.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 296.98M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 362.38M.Earnings reports from the last fiscal year show that sales brought in 218.2M and 252M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 36.10% before jumping 43.80% in the following quarter.
NGD Dividends
New Gold Inc has its next earnings report out on 2025-Apr-28. 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 66.34% of the shares at 68.93% float percentage. In total, 66.34% 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.
We also have VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the New Gold Inc (NGD) shares. Going by data provided on Apr 30, 2025 , VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 26.91 shares. This is just over 3.40% of the total shares, with a market valuation of $131.33 million. Data from the same date shows that the other fund manager holds a little less at 23.61, or 2.98% of the shares, all valued at about 115.23 million.
