New Gold Inc. [AMEX: NGD] closed the trading session at $1.67 on 07/21/21. The day’s price range saw the stock hit a low of $1.56, while the highest price level was $1.68. The company report on July 16, 2021 that New Gold Reports Second Quarter Operational Results.
Provides Notice of Release of Second Quarter Financial Results.
(All amounts are in U.S. dollars unless otherwise indicated).
The stocks have a year to date performance of -23.74 percent and weekly performance of -4.02 percent. The stock has been moved at -15.66 percent over the last six months. The stock has performed -13.47 percent around the most recent 30 days and changed -8.74 percent over the most recent 3-months.
If compared to the average trading volume of 5.34M shares, NGD reached to a volume of 3015246 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about New Gold Inc. [NGD]:
CIBC have made an estimate for New Gold Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 03, 2021. The new note on the price target was released on September 16, 2020, representing the official price target for New Gold Inc. stock.
The Average True Range (ATR) for New Gold Inc. is set at 0.09, with the Price to Sales ratio for NGD stock in the period of the last 12 months amounting to 1.83. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 0.26. Price to Free Cash Flow for NGD in the course of the last twelve months was 50.67 with Quick ratio for the last quarter at 1.90.
NGD stock trade performance evaluation
New Gold Inc. [NGD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.02. With this latest performance, NGD shares dropped by -13.47% in over the last four-week period, additionally sinking by -15.66% over the last 6 months – not to mention a rise of 9.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NGD stock in for the last two-week period is set at 40.68, with the RSI for the last a single of trading hit 42.27, and the three-weeks RSI is set at 41.76 for New Gold Inc. [NGD]. The present Moving Average for the last 50 days of trading for this stock 1.9068, while it was recorded at 1.6360 for the last single week of trading, and 1.8978 for the last 200 days.
New Gold Inc. [NGD]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and New Gold Inc. [NGD] shares currently have an operating margin of +9.55 and a Gross Margin at +12.94. New Gold Inc.’s Net Margin is presently recorded at -12.41.
Return on Total Capital for NGD is now 4.22, given the latest momentum, and Return on Invested Capital for the company is -5.51. Return on Equity for this stock declined to -9.45, with Return on Assets sitting at -3.75. When it comes to the capital structure of this company, New Gold Inc. [NGD] has a Total Debt to Total Equity ratio set at 65.67. Additionally, NGD Total Debt to Total Capital is recorded at 39.64, with Total Debt to Total Assets ending up at 23.03. Long-Term Debt to Equity for the company is recorded at 64.45, with the Long-Term Debt to Total Capital now at 38.90.
Reflecting on the efficiency of the workforce at the company, New Gold Inc. [NGD] managed to generate an average of -$66,896 per employee. Receivables Turnover for the company is 12.25 with a Total Asset Turnover recorded at a value of 0.30.New Gold Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.60.
Earnings per share (EPS) analysis for New Gold Inc. [NGD] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NGD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New Gold Inc. go to 5.00%.
New Gold Inc. [NGD]: Insider Ownership positions
There are presently around $392 million, or 55.10% of NGD stock, in the hands of institutional investors. The top three institutional holders of NGD stocks are: VAN ECK ASSOCIATES CORP with ownership of 69,829,354, which is approximately -5.402% of the company’s market cap and around 3.60% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 17,754,208 shares of the stock with an approximate value of $29.65 million in NGD stocks shares; and CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., currently with $23.16 million in NGD stock with ownership of nearly -3.301% of the company’s market capitalization.
Positions in New Gold Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 65 institutional holders increased their position in New Gold Inc. [AMEX:NGD] by around 19,923,532 shares. Additionally, 69 investors decreased positions by around 40,897,453 shares, while 43 investors held positions by with 173,988,160 shares. The mentioned changes placed institutional holdings at 234,809,145 shares, according to the latest SEC report filing. NGD stock had 19 new institutional investments in for a total of 3,438,339 shares, while 20 institutional investors sold positions of 10,852,039 shares during the same period.