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We Analyzed the Future Direction of New Gold Inc. (NGD), Here is What We Found

New Gold Inc. (AMEX:NGD) changed by 0.00% from its latest closing price compared to the recent 1-year high of $2.02. The company’s stock price has collected 8.33% of gains in the last five trading sessions.

Is It Worth Investing in New Gold Inc. (AMEX :NGD) Right Now?

New Gold Inc. (AMEX:NGD) scored a price-to-earnings ratio above its average ratio, recording 6.88 x from its present earnings ratio. Plus, the 36-month beta value for NGD is at 1.46. Opinions of the stock are interesting as 4 analysts out of 11 who provided ratings for New Gold Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $1.29, which is $0.03 above the current price. NGD currently public float of 680.19M and currently shorts hold a 0.66% ratio of that float. Today, the average trading volume of NGD was 3.14M shares.

NGD’s Market Performance

NGD stocks went up by 8.33% for the week, with a monthly jump of 13.59% and a quarterly performance of 32.58%, while its annual performance rate touched -28.22%. The volatility ratio for the week stands at 5.11% while the volatility levels for the past 30 days are set at 5.23% for New Gold Inc. The simple moving average for the period of the last 20 days is 10.01% for NGD stocks with a simple moving average of 10.09% for the last 200 days.

Analysts’ Opinion of NGD

RBC Capital Mkts, on the other hand, stated in their research note that they expect to see NGD reach a price target of $1.25, previously predicting the price at $1. The rating they have provided for NGD stocks is “Outperform” according to the report published on October 03rd, 2022.

NGD Trading at 8.95% from the 50-Day Moving Average

After a stumble in the market that brought NGD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.08% of loss for the given period.

Volatility was left at 5.23%, however, over the last 30 days, the volatility rate increased by 5.11%, as shares surge +14.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.00% upper at present.

During the last 5 trading sessions, NGD rose by +8.33%, which changed the moving average for the period of 200-days by -32.37% in comparison to the 20-day moving average, which settled at $1.0711. In addition, New Gold Inc. saw 19.39% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for NGD

Current profitability levels for the company are sitting at:

  • +18.13 for the present operating margin
  • +21.19 for the gross margin

The net margin for New Gold Inc. stands at +18.78.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.97.

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SSR Mining Inc. (NASDAQ:SSRM) went down by -3.03% from its latest closing price compared to the recent 1-year high of $24.58. The company’s stock price