New Gold Inc. (NYSE:NGD) traded at $1.88 at last check on Tuesday, Sep 15, making a downturn move of -0.79% on its previous day’s price.
Looking at the stock we see that its previous close was $1.9 and the beta (5Y monthly) reads 2.07 with the day’s price range being $1.8500 – 1.9400. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, NGD has a high of $1.97 and a low of $0.39. The company’s stock has gained about 21.02% over that past 30 days.
New has a market cap of $1.35 Billion and is expected to release its quarterly earnings report in Aug. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the NGD stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.01, with the EPS growth for the year raised at $0.1 for 2020 and $0.16 for next year. These figures represent 0.11% and at 0.6% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $217.32 Million, with a low of $212Million and a high of $222.74 Million. The median projection represents growth adding up to 28.2% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $939.52 Million, or +55.4% up from figures reported last year.
On the other hand, looking at the outlook for the NGD stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare New (NGD) stock to its peers. We find that today’s price change of -0.79% and +58.33% over the past 12 months for NGD competes that of Barrick Gold Corp (GOLD), which has seen its stock price rise 0.64% in the latest trading session and is +73.71% over the last one year. Another of its peers Franco Nev Corp (FNV) has climbed 0.66% today, and is +63.69% up over the past year, while Agnico-Eagle Mines Ltd (AEM) is also down -0.79% yet its price remains in the green at 58.33% over the same period. Barrick has a P/E ratio of 11.96 compared to New’s 0 and Franco’s 132.22. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.93% and 0.43%, respectively, in early deals.
Coming back to New Gold Inc. (NYSE:NGD), we note that the average 3-month trading volume was 8.67 Million, while that of the preceding 10-day period stands at 9.15 Million. Current shares outstanding are 676Million.
According to data from Thomson Reuters, insiders hold 0.19% of the company’s shares while institutions hold 57.55%. The data shows that short shares as of August 30, 2020, stood at 5.05 Million at a short ratio of 0.57. This represents a 0.59% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 6.35 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +115.91% up in year-to-date price movement.