New Gold Inc (AMEX: NGD) is 7.66% higher on its value in year-to-date trading and has touched a low of $1.21 and a high of $3.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NGD stock was last observed hovering at around $2.72 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.67, the stock is -8.34% and -3.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.5 million and changing -1.84% at the moment leaves the stock 4.20% off its SMA200. NGD registered 124.37% gain for a year compared to 6-month gain of 8.10%.
The stock witnessed a -12.17% loss in the last 1 month and extending the period to 3 months gives it a -1.48%, and is -5.99% 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 5.22% over the week and 4.95% over the month.
New Gold Inc (NGD) has around 1542 employees, a market worth around $2.11B and $914.50M in sales. Current P/E ratio is 21.41 and Fwd P/E is 4.34. Profit margin for the company is 11.22%. Distance from 52-week low is 121.58% and -17.85% from its 52-week high. The company has generated returns on investments over the last 12 months (7.07%).
with sales reaching $260.56M over the same period.The EPS is expected to grow by 58.33% this year, but quarterly earnings will post 23.39% year-over-year. Quarterly sales are estimated to grow 35.64% in year-over-year returns.
New Gold Inc (NGD) Top Institutional Holders
The shares outstanding are 790.93M, and float is at 760.38M with Short Float at 1.05%.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 70.34 million shares valued at $137.17 million. The investor’s holdings represent 9.5238% of the NGD Shares outstanding. As of 2024-06-30, the second largest holder is CONDIRE MANAGEMENT, LP with 34.88 million shares valued at $68.02 million to account for 4.7229 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 20.11 million shares representing 2.7229% and valued at over $39.22 million, while MACKENZIE FINANCIAL CORP holds 2.2107 of the shares totaling 16.33 million with a market value of $32.23 million.
New Gold Inc (NGD) Insider Activity
A total of 0 insider transactions have happened at New Gold Inc (NGD) in the last six months, with sales accounting for 0 and purchases happening 0 times.
New Gold Inc (NGD): Who are the competitors?
The company’s main competitors (and peers) include Barrick Gold Corp. (GOLD) that is trading 14.42% up over the past 12 months. Hecla Mining Co. (HL) that is 29.92% higher over the same period.
