New Gold Inc (NGD) concluded trading on Wednesday at a closing price of $1.19, with 7.53 million shares of worth about $8.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.82% during that period and on on Wednesday the price saw a gain of about 5.31%. Currently the company’s common shares owned by public are about 687.01M shares, out of which, 645.70M shares are available for trading.
Stock saw a price change of 2.59% in past 5 days and over the past one month there was a price change of -0.83%. Year-to-date (YTD), NGD shares are showing a performance of -18.49% which increased to 35.44% 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 4.01 million. The stock is currently trading -0.75% below its 20-day simple moving average (SMA20), while that difference is down -9.12% for SMA50 and it goes to 0.48% higher than SMA200.
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New Gold Inc (AMEX: NGD) currently have 687.01M outstanding shares and institutions hold larger chunk of about 46.65% of that.
The stock has a current market capitalization of $815.86M and its 3Y-monthly beta is at 1.49. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 0.98 while making debt-to-equity ratio of 0.51. 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 4.15% while standing at 5.72% over the month.
Analysts are in expectations that New Gold Inc (NGD) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.01 and it is $0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is $0.02 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 $0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.29% while it is estimated to increase by 64.26% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 46.46% 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. Stock get a Sector perform rating from RBC Capital Mkts on September 08, 2021.
