New Gold Inc (AMEX:NGD) shares, rose in value on Wednesday, June 18, with the stock price down by -1.43% to the previous day’s close as strong demand from buyers drove the stock to $4.82.
Actively observing the price movement in the last trading, the stock closed the session at $4.89, falling within a range of $4.81 and $4.94. The value of beta (5-year monthly) was 0.874 whereas the PE ratio was 28.88 over 12-month period. Referring to stock’s 52-week performance, its high was $4.98, and the low was $1.90. On the whole, NGD has fluctuated by 23.59% over the past month.
With the market capitalization of New Gold Inc currently standing at about $3.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-29.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.29B, with a low estimate of 296.98M and a high estimate of 296.98M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 296.98M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NGD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.49, with the price of NGD currently trading nearly 3.96% and 18.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.22, while the 7-day volatility ratio is showing 1.19% which for the 30-day chart, stands at 1.79%. Furthermore, New Gold Inc (NGD)’s beta value is 0.44, and its average true range (ATR) is 0.17.
A comparison of New Gold Inc (NGD) with its peers suggests the former has fared considerably weaker in the market. NGD showed an intraday change of -1.43% in last session, and over the past year, it grew by 144.67%%.
Data on historical trading for New Gold Inc (AMEX:NGD) indicates that the trading volumes over the past 10 days have averaged 27.59 and over the past 3 months, they’ve averaged 25.42 million. According to company’s latest data on outstanding shares, there are 791.37 million shares outstanding.
Nearly 4.74% of New Gold Inc’s shares belong to company insiders and institutional investors own 56.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.27 million shares as on 2025-05-30, resulting in a short ratio of 0.61. The stock has risen by 94.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NGD stock heading into the next quarter.
