New Gold Inc (NGD) concluded trading on 01/10/24 at a closing price of $1.35, with 2.88 million shares of worth about $3.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.00% during that period and on Wednesday the price remained unchanged. Currently the company’s common shares owned by public are about 682.28M shares, out of which, 682.00M shares are available for trading.
Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.98 and could fall to a lowest price of $1.30. The stock’s current price level is 16.67% above of average price target set by the analysts, while a rise to estimated low would result in loss of -3.85% for the stock. However, touching the estimated high of $1.98 would mean a gain of 31.82% for the stock.
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Stock saw a price change of -3.57% in past 5 days and over the past one month there was a price change of -2.17%. Year-to-date (YTD), NGD shares are showing a performance of -7.53% which increased to 23.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.82 but also hit the highest price of $1.61 during that period. The average intraday trading volume for New Gold Inc shares is 3.72 million. The stock is currently trading -6.80% below its 20-day simple moving average (SMA20), while that difference is down -0.13% for SMA50 and it goes to 13.46% higher than SMA200.
New Gold Inc (AMEX: NGD) currently have 682.28M outstanding shares and institutions hold larger chunk of about 43.45% of that.
The stock has a current market capitalization of $924.08M and its 3Y-monthly beta is at 1.50. It has posted earnings per share of -$0.08 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.46. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NGD, volatility over the week remained 4.46% while standing at 5.00% over the month.
Analysts are in expectations that New Gold Inc (NGD) stock would likely to be making an EPS of $General Dynamics Corporation in the current quarter, while forecast for next quarter EPS is $251.25 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $NGM Biopharmaceuticals, Inc. which is $NGL ENERGY PARTNERS LP at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $MicroSectors FANG Index -3X In in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 340.78% while it is estimated to increase by 67.50% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 12.51% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on March 03, 2023 offering a Sector perform rating for the stock and assigned a target price of $1.25 to it.
