New Gold Inc. (AMEX:NGD) finished Wednesday with an addition of $0.04 to close at $1.37, an upside of 3.01 percent. An average of 6,918,060 shares of common stock have been traded in the last five days. There was a gain of $0.1900 in the past week. The last 20 days have seen an average of 7,659,910 shares traded, while the 50-day average volume stands at 7,652,050.
NGD stock has increased by 14.17% in the last month. The company shares reached their 1-month lowest point of $1.0100 on 09/29/21. With the stock rallying to its 52-week high on 01/04/21, shares of the company touched a low of $1.01 and a high of $2.40 in 52 weeks. In spite of this, the price is down -42.92% from the 52-week high.
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New Gold Inc. (NGD) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.61 for the sector. In the last five years, New Gold Inc.’s PE ratio has ranged between 429.00 and 24.58. The stock’s beta is 1.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.23, the price-to-book (PB) ratio at 1.14, and the price-to-cash flow ratio at 17.38.
The quick ratio of New Gold Inc. for the three months ended June 29 was 1.70, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.63 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 77.80% against a 5-year average of 8.7%. Its gross profit as reported stood at $303.5 million compared to revenue of $643.4 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, New Gold Inc.’s return on assets was -0.30%, compared to -10.0% over the last five years. In the past year, the return on investment has been 3.30%, and the 5-year average is -11.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been -0.70% and the 5-year average holds at -20.5%. For the broader industry, ROE averaged -13.62 over the past year.
For the three-month period that ended June 29, New Gold Inc. had $4.3 million in cash. The analyst consensus anticipated New Gold Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.04, a 33.30% surprise. For the quarter, EBITDA amounted to $92.5 million.
From a technical analysis perspective, let’s take a brief look at New Gold Inc. (NGD) price momentum. RSI 9-day as of the close on 13 October was 75.76%, suggesting the stock is Overbought, with historical volatility in this time frame at 51.74%.
As of today, NGD’s price is $1.2580 +16.10% or $0.1900 from its 5-day moving average. NGD is currently trading +17.09% higher than its 20-day SMA and -31.84% lower than its 100-day SMA. However, the stock’s current price level is -18.45% below the SMA50 and -37.16% below the SMA200.
The stochastic %K and %D were 88.46% and 86.13%, respectively, and the average true range (ATR) was 0.0792. With the 14-day stochastic at 92.31% and the average true range at 0.0791, the RSI (14) stands at 66.06%. The stock has reached 0.0878 on the 9-day MACD Oscillator while the 14-day reading was at 0.1350.
RBC Capital Mkts upgraded New Gold Inc. (AMEX: NGD) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as a an Underperform.The consensus rating for New Gold Inc. (NGD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NGD, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is NGD’s price target for the next 12 months?
Analysts predict a range of price targets between $1.25 and $2.61, with a median target of $1.58. Taking a look at these predictions, the average price target given by analysts for New Gold Inc. (NGD) stock is $1.78.