Closing Strong: New Gold Inc (NGD) Ends at 1.82, Down -2.15 from Last Close

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After finishing at $1.86 in the prior trading day, New Gold Inc (AMEX: NGD) closed at $1.82, down -2.15%. In other words, the price has decreased by -$2.15 from its previous closing price. On the day, 28.12 million shares were traded. NGD stock price reached its highest trading level at $1.87 during the session, while it also had its lowest trading level at $1.74.

Ratios:

Our goal is to gain a better understanding of NGD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.54.

RBC Capital Mkts Upgraded its Sector Perform to Outperform on October 03, 2022, whereas the target price for the stock was revised from $1 to $1.25.

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 1286201344 and an Enterprise Value of 1491188736. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 1.70. Its current Enterprise Value per Revenue stands at 1.919 whereas that against EBITDA is 5.162.

Stock Price History:

The Beta on a monthly basis for NGD is 1.44, which has changed by 0.37878788 over the last 52 weeks, in comparison to a change of 0.26159418 over the same period for the S&P500. Over the past 52 weeks, NGD has reached a high of $2.01, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is 5.63%, while the 200-Day Moving Average is calculated to be 37.89%.

Shares Statistics:

The stock has traded on average 7.97M shares per day over the past 3-months and 9383300 shares per day over the last 10 days, according to various share statistics. A total of 687.01M shares are outstanding, with a floating share count of 650.80M. Insiders hold about 5.65% of the company’s shares, while institutions hold 47.01% stake in the company. Shares short for NGD as of 1714435200 were 5015428 with a Short Ratio of 0.63, compared to 1711584000 on 6121573.

Earnings Estimates

The current assessment of New Gold Inc (NGD) involves the perspectives of 6.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.04 and a low estimate of -$0.02, while EPS last year was $0.02. The consensus estimate for the next quarter is $0.03, with high estimates of $0.05 and low estimates of $0.01.

Analysts are recommending an EPS of between $0.18 and $0.02 for the fiscal current year, implying an average EPS of $0.12. EPS for the following year is $0.23, with 7.0 analysts recommending between $0.31 and $0.12.

Revenue Estimates

2 analysts predict $208.91M in revenue for the current quarter. It ranges from a high estimate of $216.82M to a low estimate of $201M. As of the current estimate, New Gold Inc’s year-ago sales were $182.34MFor the next quarter, 2 analysts are estimating revenue of $258.02M. There is a high estimate of $258.02M for the next quarter, whereas the lowest estimate is $258.02M.

A total of 6 analysts have provided revenue estimates for NGD’s current fiscal year. The highest revenue estimate was $963.78M, while the lowest revenue estimate was $866.3M, resulting in an average revenue estimate of $912.16M. In the same quarter a year ago, actual revenue was $786.5MBased on 6 analysts’ estimates, the company’s revenue will be $1.04B in the next fiscal year. The high estimate is $1.19B and the low estimate is $929M.

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