New Gold Inc (AMEX:NGD) shares traded -7.48% lower at $1.36 on Wall Street last session.
In accordance with the data, 11 analysts cover New Gold Inc (AMEX:NGD). The consensus rating among analysts is ‘Hold’. 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 $1.63. Given the previous closing price of $1.47, this indicates a potential upside of 10.88 percent. NGD stock price is now 21.19% away from the 50-day moving average and 21.81% away from the 200-day moving average. The market capitalization of the company currently stands at $930.92M.
It has been rated a hold by 4 analysts and a buy by 4. Brokers who have rated the stock have averaged $1.57 as their price target over the next twelve months.
A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, New Gold Inc has had a low of $0.82 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 $1.1290 and a two-hundred day moving average price translates $1.1183 for the stock.
The latest earnings results from New Gold Inc (AMEX: NGD) was released for Sep, 2023. 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.
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.
