In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of New Gold Inc (AMEX: NGD) was $5.54 for the day, up 1.84% from the previous closing price of $5.44. In other words, the price has increased by $1.84 from its previous closing price. On the day, 12.93 million shares were traded. NGD stock price reached its highest trading level at $5.61 during the session, while it also had its lowest trading level at $5.35.
Ratios:
Our analysis of NGD’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.50.
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 4386029056 and an Enterprise Value of 4811817984. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.49, and their Forward P/E ratio for the next fiscal year is 6.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.27 while its Price-to-Book (P/B) ratio in mrq is 3.98. Its current Enterprise Value per Revenue stands at 4.664 whereas that against EBITDA is 9.286.
Stock Price History:
The Beta on a monthly basis for NGD is 0.39, which has changed by 1.0905659 over the last 52 weeks, in comparison to a change of 0.1513431 over the same period for the S&P500. Over the past 52 weeks, NGD has reached a high of $5.45, while it has fallen to a 52-week low of $2.31. The 50-Day Moving Average of the stock is 16.40%, while the 200-Day Moving Average is calculated to be 53.90%.
Shares Statistics:
NGD traded an average of 19.50M shares per day over the past three months and 13031280 shares per day over the past ten days. A total of 791.70M shares are outstanding, with a floating share count of 756.00M. Insiders hold about 4.51% of the company’s shares, while institutions hold 57.10% stake in the company. Shares short for NGD as of 1753920000 were 15464704 with a Short Ratio of 0.79, compared to 1751241600 on 15618601.
