New Gold Inc (AMEX: NGD) is 49.60% higher on its value in year-to-date trading and has touched a low of $1.66 and a high of $3.78 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 $3.60 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $3.71, the stock is 15.68% and 22.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.73 million and changing 3.06% at the moment leaves the stock 38.40% off its SMA200. NGD registered 119.53% gain for a year compared to 6-month loss of 19.29%. The firm has a 50-day simple moving average (SMA 50) of $3.0226 and a 200-day simple moving average (SMA200) of $2.6807.
The stock witnessed a 36.40% gain in the last 1 month and extending the period to 3 months gives it a 47.22%, and is 14.86% up 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 4.82% over the week and 4.83% over the month.
Current P/E ratio is 29.75 and Fwd P/E is 5.40. Profit margin for the company is 11.22%. Distance from 52-week low is 123.49% and -1.85% from its 52-week high. The company has generated returns on investments over the last 12 months (7.07%).
with sales reaching $191.4M over the same period.The EPS is expected to grow by 71.66% this year, but quarterly earnings will post 24.35% year-over-year. Quarterly sales are estimated to shrink -0.36% in year-over-year returns.
New Gold Inc (NGD) Top Institutional Holders
340.0 institutions hold shares in New Gold Inc (NGD), with institutional investors hold 64.87% of the company’s shares. The shares outstanding are 790.93M, and float is at 760.39M with Short Float at 1.60%. Institutions hold 62.44% of the Float.
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
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