RBC Capital Mkts slashes price target on New Gold Inc. [NGD] – find out why.


New Gold Inc. [AMEX: NGD] traded at a high on 12/07/21, posting a 2.05 gain after which it closed the day’ session at $1.49. The company report on November 23, 2021 that Angus Gold Intersects Near-Surface, High-Grade Gold on the Dorset Zone, with intervals of up to 5.4 g/t Au over 9.0 metres, Golden Sky Project, Wawa.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Preliminary results from the first phase drill program confirm the potential for high-grade gold mineralization on the historically under-explored Dorset Deformation Zone.

The results of the trading session contributed to over 11285803 shares changing hands. Over the past one week, the price volatility of New Gold Inc. stands at 8.42% while the volatility over the past one month is 6.99%.

The market cap for NGD stock reached $1.04 billion, with 680.80 million shares outstanding and 679.30 million shares in the current float. Compared to the average trading volume of 8.44M shares, NGD reached a trading volume of 11285803 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 0.10, with the Price to Sales ratio for NGD stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 0.29. Price to Free Cash Flow for NGD in the course of the last twelve months was 57.65 with Quick ratio for the last quarter at 1.70.

How has NGD stock performed recently?

New Gold Inc. [NGD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, NGD shares dropped by -2.61% in over the last four-week period, additionally sinking by -27.32% over the last 6 months – not to mention a drop of -30.05% 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 50.27, with the RSI for the last a single of trading hit 50.09, and the three-weeks RSI is set at 51.21 for New Gold Inc. [NGD]. The present Moving Average for the last 50 days of trading for this stock 1.4198, while it was recorded at 1.4120 for the last single week of trading, and 1.5896 for the last 200 days.

New Gold Inc. [NGD]: Deeper insight into the 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 1.70 and a Current Ratio set at 2.40.

Earnings analysis for New Gold Inc. [NGD]

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 9.61%.

>> 7 Top Picks for the Post-Pandemic Economy <<

Insider trade positions for New Gold Inc. [NGD]

There are presently around $327 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 70,303,748, which is approximately -2.471% of the company’s market cap and around 3.60% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 16,583,280 shares of the stock with an approximate value of $24.71 million in NGD stocks shares; and CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., currently with $19.21 million in NGD stock with ownership of nearly -3.153% of the company’s market capitalization.

Positions in New Gold Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 58 institutional holders increased their position in New Gold Inc. [AMEX:NGD] by around 13,539,950 shares. Additionally, 72 investors decreased positions by around 25,607,226 shares, while 56 investors held positions by with 180,390,375 shares. The mentioned changes placed institutional holdings at 219,537,551 shares, according to the latest SEC report filing. NGD stock had 26 new institutional investments in for a total of 7,744,309 shares, while 16 institutional investors sold positions of 5,514,895 shares during the same period.