A share price of New Gold Inc [NGD] is currently trading at $2.67, up 5.53%. 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 5.53% over the last week, with a monthly amount drifted -11.88%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Securities upgraded its rating to Hold on May 21, 2024. On May 21, 2024, upgrade upgraded it’s rating to Sector Outperform. TD Securities downgraded its rating to a Reduce. RBC Capital Mkts upgraded its rating to Outperform for this stock on October 03, 2022, and upped its price target to $1.25. In a note dated January 18, 2022, Canaccord Genuity downgraded an Hold rating on this stock.
New Gold Inc experienced fluctuations in its stock price throughout the past year between $1.09 and $3.25. Currently, Wall Street analysts expect the stock to reach $2.42 within the next 12 months. New Gold Inc [AMEX: NGD] shares were valued at $2.67 at the most recent close of the market. An investor can expect a potential drop of -9.36% based on the average NGD price forecast.
Analyzing the NGD fundamentals
Trailing Twelve Months sales for New Gold Inc [AMEX:NGD] were 850.00M which represents 22.60% growth. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.45.
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 2.62 points at the first support level, and at 2.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.71, and for the 2nd resistance point, it is at 2.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for New Gold Inc [AMEX:NGD] is 1.42. Also, the Quick Ratio is 0.84, while the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 3.48, the price to book ratio is 2.12 and price to earnings (TTM) ratio is 171.15.
