New Gold Inc. [NGD] Revenue clocked in at $735.70 million, down -45.21% YTD: What’s Next?

New Gold Inc. [AMEX: NGD] closed the trading session at $1.20 on 09/14/21. The day’s price range saw the stock hit a low of $1.20, while the highest price level was $1.26. The company report on September 13, 2021 that New Gold Updates Operational Outlook.

Revising Rainy River Outlook for 2021.

New Gold Inc. (“New Gold” or the “Company”) (TSX: NGD) and (NYSE American: NGD) provides an update to its 2021 operational outlook for the Rainy River Mine and the consolidated operational outlook. All amounts are in U.S. dollars unless otherwise indicated.

The stocks have a year to date performance of -45.21 percent and weekly performance of -2.44 percent. The stock has been moved at -31.82 percent over the last six months. The stock has performed -0.83 percent around the most recent 30 days and changed -44.19 percent over the most recent 3-months.

If compared to the average trading volume of 5.96M shares, NGD reached to a volume of 5335022 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]:

RBC Capital Mkts have made an estimate for New Gold Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on September 08, 2021. The new note on the price target was released on August 11, 2021, 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 1.09. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 0.30. Price to Free Cash Flow for NGD in the course of the last twelve months was 15.51 with Quick ratio for the last quarter at 1.70.

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 -2.44. With this latest performance, NGD shares dropped by -0.83% in over the last four-week period, additionally sinking by -31.82% over the last 6 months – not to mention a drop of -36.84% 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 43.98, with the RSI for the last a single of trading hit 46.12, and the three-weeks RSI is set at 42.31 for New Gold Inc. [NGD]. The present Moving Average for the last 50 days of trading for this stock 1.4188, while it was recorded at 1.2180 for the last single week of trading, and 1.7734 for the last 200 days.

New Gold Inc. [NGD]: An insightful look at the core fundamentals

New Gold Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.20.

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 $277 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 72,085,318, which is approximately 3.231% of the company’s market cap and around 3.60% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 18,040,155 shares of the stock with an approximate value of $21.65 million in NGD stocks shares; and CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., currently with $15.97 million in NGD stock with ownership of nearly -4.03% of the company’s market capitalization.

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60 institutional holders increased their position in New Gold Inc. [AMEX:NGD] by around 32,214,380 shares. Additionally, 65 investors decreased positions by around 37,896,236 shares, while 54 investors held positions by with 160,338,150 shares. The mentioned changes placed institutional holdings at 230,448,766 shares, according to the latest SEC report filing. NGD stock had 19 new institutional investments in for a total of 12,097,352 shares, while 21 institutional investors sold positions of 20,162,362 shares during the same period.

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