After finishing at $1.67 in the prior trading day, New Gold Inc (AMEX: NGD) closed at $1.62, down -2.99%. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 10873619 shares were traded.
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 0.98 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.51.
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 1.11B and an Enterprise Value of 1.32B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 1.68 whereas that against EBITDA is 7.21.
Stock Price History:
Over the past 52 weeks, NGD has reached a high of $1.67, while it has fallen to a 52-week low of $0.82. The 50-Day Moving Average of the stock is 1.2988, while the 200-Day Moving Average is calculated to be 1.1902.
Shares Statistics:
The stock has traded on average 4.53M shares per day over the past 3-months and 8.88M 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 645.70M. Insiders hold about 5.82% of the company’s shares, while institutions hold 46.67% stake in the company. Shares short for NGD as of Feb 29, 2024 were 4.71M with a Short Ratio of 0.80, compared to 3.61M on Jan 31, 2024.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.02, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.01, with high estimates of $0.02 and low estimates of -$0.02.
Analysts are recommending an EPS of between $0.22 and $0.01 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.15, with 8 analysts recommending between $0.25 and $0.07.
Revenue Estimates
1 analysts predict $189.61M in revenue for the current quarter. It ranges from a high estimate of $189.61M to a low estimate of $189.61M. As of the current estimate, New Gold Inc’s year-ago sales were $201.6M, an estimated decrease of -5.90% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $199.25M, an increase of 9.30% over than the figure of -$5.90% in the same quarter last year. There is a high estimate of $199.25M for the next quarter, whereas the lowest estimate is $199.25M.
A total of 8 analysts have provided revenue estimates for NGD’s current fiscal year. The highest revenue estimate was $912M, while the lowest revenue estimate was $767M, resulting in an average revenue estimate of $852.21M. In the same quarter a year ago, actual revenue was $786.5M, up 8.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $972.55M in the next fiscal year. The high estimate is $1.05B and the low estimate is $851M. The average revenue growth estimate for next year is up 14.10% from the average revenue estimate for this year.
