At the time of writing, New Gold Inc [NGD] stock is trading at $1.76, down -2.22%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NGD shares have gain 0.57% over the last week, with a monthly amount glided 4.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Securities downgraded its rating to Reduce on December 06, 2022. On October 03, 2022, upgrade upgraded it’s rating to Outperform and revised its price target to $1.25 on the stock. Canaccord Genuity downgraded its rating to a Hold. RBC Capital Mkts upgraded its rating to a Sector Perform and reduced its price target to $1.50 on September 08, 2021. National Bank Financial downgraded its rating to Sector Perform for this stock on August 11, 2021. In a note dated February 03, 2021, CIBC downgraded an Neutral rating on this stock.
For the past year, the stock price of New Gold Inc fluctuated between $0.86 and $1.94. New Gold Inc [AMEX: NGD] shares were valued at $1.76 at the most recent close of the market.
Analyzing the NGD fundamentals
According to New Gold Inc [AMEX:NGD], the company’s sales were 785.40M for trailing twelve months, which represents an 19.54% jump. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.08 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7333 points at the first support level, and at 1.7067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8033, and for the 2nd resistance point, it is at 1.8467.
Ratios To Look Out For
It is important to note that New Gold Inc [AMEX:NGD] has a current ratio of 1.54. As well, the Quick Ratio is 0.98, while the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 1.53.
