New Gold Inc. [AMEX: NGD] loss -5.49% on the last trading session, reaching $1.55 price per share at the time. The company report on April 12, 2022 that New Gold Reports First Quarter Operational Results.
Provides Notice of Release of First Quarter Financial Results and Annual Meeting of Shareholders.
New Gold Inc. represents 681.10 million in outstanding shares, while the company has a total market value of $1.50 billion with the latest information. NGD stock price has been found in the range of $1.48 to $1.60.
If compared to the average trading volume of 8.37M shares, NGD reached a trading volume of 8766949 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about New Gold Inc. [NGD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NGD shares is $1.84 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NGD stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for New Gold Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 18, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $1.75 to $1.50. The new note on the price target was released on September 08, 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 1.60. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 0.70. Price to Free Cash Flow for NGD in the course of the last twelve months was 15.59 with Quick ratio for the last quarter at 3.40.
Trading performance analysis for NGD stock
New Gold Inc. [NGD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.85. With this latest performance, NGD shares dropped by -16.22% in over the last four-week period, additionally plugging by 10.71% over the last 6 months – not to mention a drop of -9.88% 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 32.98, with the RSI for the last a single of trading hit 25.07, and the three-weeks RSI is set at 38.42 for New Gold Inc. [NGD]. The present Moving Average for the last 50 days of trading for this stock 1.8020, while it was recorded at 1.7100 for the last single week of trading, and 1.5245 for the last 200 days.
New Gold Inc. [NGD]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and New Gold Inc. [NGD] shares currently have an operating margin of +18.13 and a Gross Margin at +21.19. New Gold Inc.’s Net Margin is presently recorded at +18.78.
Return on Equity for this stock inclined to 15.93, with Return on Assets sitting at 5.88.
New Gold Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 4.00.
New Gold Inc. [NGD]: An earnings per share (EPS) analysis
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 8.65%.
An analysis of insider ownership at New Gold Inc. [NGD]
There are presently around $353 million, or 60.90% 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 64,930,457, which is approximately -7.643% of the company’s market cap and around 0.23% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 16,359,669 shares of the stock with an approximate value of $26.83 million in NGD stocks shares; and SPROTT INC., currently with $22.72 million in NGD stock with ownership of nearly 484.372% of the company’s market capitalization.
Positions in New Gold Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 59 institutional holders increased their position in New Gold Inc. [AMEX:NGD] by around 42,969,800 shares. Additionally, 72 investors decreased positions by around 33,066,625 shares, while 59 investors held positions by with 139,217,751 shares. The mentioned changes placed institutional holdings at 215,254,176 shares, according to the latest SEC report filing. NGD stock had 19 new institutional investments in for a total of 7,548,599 shares, while 17 institutional investors sold positions of 5,469,852 shares during the same period.