A share price of New Gold Inc [NGD] is currently trading at $1.83, up 0.55%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NGD shares have gain 6.40% over the last week, with a monthly amount glided 7.65%, 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.
New Gold Inc experienced fluctuations in its stock price throughout the past year between $0.86 and $1.94. New Gold Inc [AMEX: NGD] shares were valued at $1.83 at the most recent close of the market.
Analyzing the NGD fundamentals
Trailing Twelve Months sales for New Gold Inc [AMEX:NGD] were 785.40M which represents 19.54% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
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 1.7901 points at the first support level, and at 1.7502 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8698, and for the 2nd resistance point, it is at 1.9096.
New Gold Inc [NGD] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of -$0.03 and a surprise factor of -150.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.03 per share as compared to estimates of $0.03 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for New Gold Inc [AMEX:NGD] is 1.54. Also, the Quick Ratio is 0.98, while the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 1.59.
