Value Hunters: Look To New Gold Inc (NGD)

Currently, there are 687.01M common shares owned by the public and among those 646.84M shares have been available to trade.

The company’s stock has a 5-day price change of 6.29% and 15.75% over the past three months. NGD shares are trading 15.75% year to date (YTD), with the 12-month market performance up to 52.25% higher. It has a 12-month low price of $0.86 and touched a high of $1.76 over the same period. NGD has an average intraday trading volume of 5.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.56%, 24.08%, and 38.80% respectively.

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Institutional ownership of New Gold Inc (AMEX: NGD) shares accounts for 46.84% of the company’s 687.01M shares outstanding.

It has a market capitalization of $1.16B and a beta (3y monthly) value of 1.54. The earnings-per-share (ttm) stands at -$0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.29% over the week and 6.93% over the month.

Analysts forecast that New Gold Inc (NGD) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.17 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 44.38%, and 57.92% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 46.46% over the past 5-year period.

Looking at the support for the NGD, a number of firms have released research notes about the stock. Scotiabank stated their Sector Perform rating for the stock in a research note on March 03, 2023, with the firm’s price target at $1.25. RBC Capital Mkts on their part issued Sector Perform rating on September 08, 2021.

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