Stocks of New Gold Inc (AMEX:NGD) traded higher last session on Wall Street, down -1.61% to $1.22.
As we calculate the median target price by taking the range between a high of $1.92 and a low of $1.05, we find $1.55. Given the previous closing price of $1.24, this indicates a potential upside of 25.0 percent. NGD stock price is now 18.54% away from the 50-day moving average and 10.47% away from the 200-day moving average. The market capitalization of the company currently stands at $835.09M.
Brokers who have rated the stock have averaged $1.53 as their price target over the next twelve months.
A total of 0.37% of the company’s stock is owned by insiders.
Tuesday’s opening bell rang with an opening price of $1.2400 for New Gold Inc (AMEX: NGD). During the past 12 months, New Gold Inc has had a low of $0.81 and a high of $1.48. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.63, and a quick ratio of 1.00. The fifty day moving average price for NGD is $1.0344 and a two-hundred day moving average price translates $1.1050 for the stock.
The latest earnings results from New Gold Inc (AMEX: NGD) was released for Sep, 2023. According to the Gold Company, earnings per share came in at $0.02, inline with analysts’ expectations of $0.02. This compares to -$0.01 EPS in the same period last year. The net profit margin was -7.17% and return on equity was -5.66% for NGD. The company reported revenue of $201.3 million for the quarter, compared to $151.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.13 percent. For the current quarter, analysts expect NGD to generate $195.88M in revenue.
New Gold Inc(NGD) Company Profile
New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; New Afton mine situated in British Columbia, Canada; and the Cerro San Pedro mine in San Luis Potosí, Mexico. New Gold Inc. was founded in 1980 and is headquartered in Toronto, Canada.
