What should you know before buying stock in New Gold Inc (NGD)

New Gold Inc (AMEX: NGD) is -18.49% lower on its value in year-to-date trading and has touched a low of $0.82 and a high of $1.61 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 $1.24 in the last trading session, with the day’s loss setting it -0.05%.

Currently trading at $1.19, the stock is -6.37% and -13.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.94 million and changing -4.03% at the moment leaves the stock -0.55% off its SMA200. NGD registered 13.33% gain for a year compared to 6-month gain of 22.59%.

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The stock witnessed a -11.85% loss in the last 1 month and extending the period to 3 months gives it a 2.59%, and is -6.30% 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 5.47% over the week and 5.27% over the month.

Fwd P/E is 11.77. Profit margin for the company is -7.17%. Distance from 52-week low is 45.12% and -26.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.21%).

New Gold Inc quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $191.07M over the same period.The EPS is expected to grow by 346.12% this year, but quarterly earnings will post 29.00% year-over-year. Quarterly sales are estimated to grow 17.40% in year-over-year returns.

New Gold Inc (NGD) Top Institutional Holders

234 institutions hold shares in New Gold Inc (NGD), with institutional investors hold 52.24% of the company’s shares. The shares outstanding are 682.28M, and float is at 681.86M with Short Float at 0.53%. Institutions hold 52.05% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 65.1 million shares valued at $70.3 million. The investor’s holdings represent 9.51% of the NGD Shares outstanding. As of Jun 29, 2023, the second largest holder is Connor Clark & Lunn Investment Management Ltd with 16.04 million shares valued at $17.32 million to account for 2.34% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 15.77 million shares representing 2.30% and valued at over $17.03 million, while TSP Capital Management Group, LLC holds 1.61% of the shares totaling 10.99 million with a market value of $11.86 million.

New Gold Inc (NGD): Who are the competitors?

The company’s main competitors (and peers) include Barrick Gold Corp. (GOLD) that is trading -18.18% down over the past 12 months. Hecla Mining Co. (HL) that is -36.14% lower over the same period.