New Gold Inc (AMEX:NGD) traded at $1.82 at close of the session on Friday, April 26, made an upward move of 1.11% on its previous day’s price.
Looking at the stock we see that its previous close was $1.80 . In terms of its 52-week price range, NGD has a high of $1.94 and a low of $0.86. The company’s stock has gained about 7.69% over that past 30 days.
New Gold Inc has a market cap of $1.25 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $0.11 for 2024 and $0.18 for next year. These figures represent 57.10% and 63.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $190.92 million, with a low of $190.92 million and a high of $190.92 million. The median projection represents growth adding up to -5.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $867.98 million, or 10.40% up from figures reported last year.
On the other hand, looking at the outlook for the NGD stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 3.47% off its SMA20 and 16.79% from its 50-day simple moving average. The RSI (14) is pointing at 61.17 while the volatility over the past week is 5.37% and jumps to 5.48% over the past one month. The beta value is 1.52, while the average true range (ATR) is currently pointing at 0.09.
Coming back to New Gold Inc (AMEX:NGD), we note that the average 3-month trading volume was 7.29 million. Current shares outstanding are 687.01 million.
The insiders hold 5.65% of the company’s shares while institutions hold 48.01%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 24.66% up in year-to-date price movement.
