New Gold Inc. (AMEX: NGD) is -14.46% lower on its value in year-to-date trading and has touched a low of $0.61 and a high of $1.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NGD stock was last observed hovering at around $0.86 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.84, the stock is -7.32% and -18.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.59 million and changing -2.77% at the moment leaves the stock -13.65% off its SMA200. NGD registered -50.40% loss for a year compared to 6-month gain of -0.55%.
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The stock witnessed a -15.41% loss in the last 1 month and extending the period to 3 months gives it a -23.09%, and is -3.64% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.04% over the week and 5.68% over the month.
New Gold Inc. (NGD) has around 1566 employees, a market worth around $786.48M and $604.40M in sales. Fwd P/E is 10.89. Distance from 52-week low is 37.20% and -57.87% from its 52-week high.
New Gold Inc. (NGD) Analyst Forecasts
The EPS is expected to grow by 150.00% this year
New Gold Inc. (NGD) Top Institutional Holders
The shares outstanding are 683.10M, and float is at 680.19M with Short Float at 0.58%.
New Gold Inc. (NGD): Who are the competitors?
The company’s main competitors (and peers) include Barrick Gold Corporation (GOLD) that is trading -25.73% down over the past 12 months and Hecla Mining Company (HL) that is -19.51% lower over the same period. Coeur Mining Inc. (CDE) is -32.41% down on the 1-year trading charts.