Trading Day Review: New Gold Inc (NGD) Gains Momentum, Closing at $6.92

Abby Carey

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The price of New Gold Inc (AMEX: NGD) closed at $6.92 in the last session, up 1.76% from day before closing price of $6.8. In other words, the price has increased by $1.76 from its previous closing price. On the day, 30.68 million shares were traded. NGD stock price reached its highest trading level at $7.19 during the session, while it also had its lowest trading level at $6.9.

Ratios:

We take a closer look at NGD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 44.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 143.19. For the most recent quarter (mrq), Quick Ratio is recorded 0.48 and its Current Ratio is at 0.88. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.32.

On March 26, 2025, BofA Securities Upgraded its rating to Buy which previously was Underperform and also upped its target price recommendation from $2.60 to $3.90.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NGD now has a Market Capitalization of 5478660608 and an Enterprise Value of 5751664128. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.15, and their Forward P/E ratio for the next fiscal year is 6.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.44 while its Price-to-Book (P/B) ratio in mrq is 4.42. Its current Enterprise Value per Revenue stands at 4.63 whereas that against EBITDA is 8.26.

Stock Price History:

The Beta on a monthly basis for NGD is 0.68, which has changed by 1.4817519 over the last 52 weeks, in comparison to a change of 0.13355756 over the same period for the S&P500. Over the past 52 weeks, NGD has reached a high of $7.71, while it has fallen to a 52-week low of $2.43. The 50-Day Moving Average of the stock is 2.32%, while the 200-Day Moving Average is calculated to be 48.47%.

Shares Statistics:

According to the various share statistics, NGD traded on average about 18.21M shares per day over the past 3-months and 28689570 shares per day over the past 10 days. A total of 791.71M shares are outstanding, with a floating share count of 756.00M. Insiders hold about 4.51% of the company’s shares, while institutions hold 56.45% stake in the company. Shares short for NGD as of 1760486400 were 16226011 with a Short Ratio of 0.89, compared to 1757894400 on 16747413.

Earnings Estimates

The company has 5.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.26, with high estimates of $0.28 and low estimates of $0.25.

Analysts are recommending an EPS of between $0.73 and $0.45 for the fiscal current year, implying an average EPS of $0.58. EPS for the following year is $1.13, with 7.0 analysts recommending between $1.35 and $0.87.

Revenue Estimates

According to 1 analysts,. The current quarter’s revenue is expected to be $478.96M. It ranges from a high estimate of $478.96M to a low estimate of $478.96M. As of. The current estimate, New Gold Inc’s year-ago sales were $262.2M

A total of 3 analysts have provided revenue estimates for NGD’s current fiscal year. The highest revenue estimate was $1.5B, while the lowest revenue estimate was $1.46B, resulting in an average revenue estimate of $1.47B. In the same quarter a year ago, actual revenue was $924.5MBased on 4 analysts’ estimates, the company’s revenue will be $2.26B in the next fiscal year. The high estimate is $2.39B and the low estimate is $2.17B.

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