New Gold Inc. (AMEX:NGD) price is hovering lower on Monday, September 13, dropping -0.40% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $1.24, with intraday deals fluctuating between $1.16 and $1.27. The company’s 5Y monthly beta was ticking 1.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.40 and 52-week low of $1.01. The stock subtracted -2.36% on its value in the past month.
New Gold Inc., which has a market valuation of $832.03 million, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. Analysts tracking NGD have forecast the quarterly EPS to grow by 0.01 per share this quarter, while the same analysts predict the annual EPS to hit $0.1 for the year 2021 and up to $0.16 for 2019. In this case, analysts estimate an annual EPS growth of 11.10% for the year and 60.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $217.32 million, with the likely lows of $212 million and highs of $222.74 million. The average estimate suggests sales growth for the quarter will likely rise by 28.20% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $939.52 million for the company’s annual revenue in 2018. Per this projection, the revenue is forecast to grow 55.40% above that which the company brought in 2018.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NGD a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 12 analysts have assigned NGD a recommendation rating as follows: 8 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the New Gold Inc. (NGD) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that NGD’s price is at present 4.71% off the SMA20 and -13.67% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.40, with weekly volatility standing at 7.46%. The indicator jumps to 7.70% when calculated based on the past 30 days. New Gold Inc. (AMEX:NGD)’s beta value is holding at 1.91, while the average true range (ATR) indicator is currently reading 0.09. Considering analysts have assigned the stock a price target range of $1.42-$2.57 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1.86. Based on this estimate, we see that today’s price at last check is roughly -14.52% off the estimated low and -107.26% off the forecast high. Investors will no doubt be excited to see the share price fall to $1.64, which is the median consensus price, and at that level NGD would be -32.26% from recent price.
Turning out attention to how the New Gold Inc. stock has performed in comparison to its peers in the industry, here’s what we find: NGD’s stock is -0.40% on the day and -30.34% in the past 12 months, while Barrick Gold Corporation (GOLD) traded 1.06% in the latest session and is positioned -33.72% down on its price 12 months ago. Another comparison is with Hecla Mining Company (HL) whose stock price is up 0.89% in the current trading session, and has flourished 13.09% over the past year. Also, Coeur Mining Inc. (CDE) is currently showing up trend of 0.42% while its price kept floating at -6.92% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.12% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.44%.
An analysis of the New Gold Inc. (AMEX:NGD) stock in terms of its daily trading volume indicates that the 3-month average is 5.96 million.
Current records show that the company has 680.80M in outstanding shares. The insiders’ percentage holdings are 3.60% of outstanding shares while the percentage share held by institutions stands at 55.10%. But the -43.38% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.