In yesterday’s Wall Street session, New Gold Inc (AMEX:NGD) shares traded at $1.43, up 1.42% from the previous session.
11 analysts cover New Gold Inc (AMEX:NGD), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.95 and a low of $1.05, we find $1.63. Given the previous closing price of $1.41, this indicates a potential upside of 15.6 percent. NGD stock price is now 21.92% away from the 50-day moving average and 26.56% away from the 200-day moving average. The market capitalization of the company currently stands at $978.83M.
The stock has received a hold rating from 4 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $1.58 as their price target over the next twelve months.
A total of 0.37% of the company’s stock is owned by insiders.
On Thursday morning New Gold Inc (AMEX: NGD) stock kicked off with the opening price of $1.4100. During the past 12 months, New Gold Inc has had a low of $0.82 and a high of $1.52. 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 $1.1830 and a two-hundred day moving average price translates $1.1326 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 $0.03, inline with analysts’ expectations of $0.03. 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 $187.44M 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.
