Stocks of New Gold Inc (AMEX:NGD) traded higher last session on Wall Street, up 0.56% to $3.59.
NGD stock price is now 15.07% away from the 50-day moving average and 30.51% away from the 200-day moving average. The market capitalization of the company currently stands at $2.84B.
With the price target enhanced from $2.60 to $3.90, BofA Securities Upgraded its rating from Underperform to Buy for New Gold Inc (AMEX: NGD). , while ‘TD Securities’ rates the stock as ‘Hold’
A total of 3.91% of the company’s stock is owned by insiders.
During the past 12 months, New Gold Inc has had a low of $1.66 and a high of $3.78. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.39, and a quick ratio of 0.79. According to the stock market information, the enterprise value for the company is $3130167040, which is based on a 28.79 price-to-earnings ratio, a 0.67 price-to-earnings-growth ratio, and a beta of 0.56. The fifty day moving average price for NGD is $3.1198 and a two-hundred day moving average price translates $2.75075 for the stock.
The latest earnings results from New Gold Inc (AMEX: NGD) was released for 2024-12-31. The net profit margin was 11.22% and return on equity was 11.14% for NGD. The company reported revenue of $262.2 million for the quarter, compared to $199.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.63 percent.
