The stock of New Gold Inc (NGD) has seen a 7.98% increase in the past week, with a 22.98% gain in the past month, and a 30.22% flourish in the past quarter. The volatility ratio for the week is 6.24%, and the volatility levels for the past 30 days are at 6.21% for NGD. The simple moving average for the last 20 days is 11.57% for NGD’s stock, with a simple moving average of 19.79% for the last 200 days.
Is It Worth Investing in New Gold Inc (AMEX: NGD) Right Now?
, and the 36-month beta value for NGD is at 1.54. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 2 as “sell.”
The average price suggested by analysts for NGD is $1.54, which is $0.21 above the current market price. The public float for NGD is 681.97M, and currently, shorts hold a 0.43% of that float. The average trading volume for NGD on November 21, 2023 was 2.37M shares.
NGD) stock’s latest price update
New Gold Inc (AMEX: NGD)’s stock price has soared by 6.26 in relation to previous closing price of 1.25. Nevertheless, the company has seen a gain of 7.98% in its stock price over the last five trading days. Proactive Investors reported 2023-11-13 that Aurion Resources (TSX-V:AU) Ltd has announced results from the scout drilling and base of till sampling programs at its wholly owned Risti property in Finland, which included 3.63 grams per tonne (g/t) gold over 3.2 metres (m) from 41.3m. The exploration company also said it has uncovered numerous gold and pathfinder anomalies from base of till sampling program.
Analysts’ Opinion of NGD
Many brokerage firms have already submitted their reports for NGD stocks, with Scotiabank repeating the rating for NGD by listing it as a “Sector Perform.” The predicted price for NGD in the upcoming period, according to Scotiabank is $1.25 based on the research report published on March 03, 2023 of the current year 2023.
NGD Trading at 22.22% 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 -10.26% of loss for the given period.
Volatility was left at 6.21%, however, over the last 30 days, the volatility rate increased by 6.24%, as shares surge +21.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.54% upper at present.
During the last 5 trading sessions, NGD rose by +7.50%, which changed the moving average for the period of 200-days by +20.20% in comparison to the 20-day moving average, which settled at $1.2021. In addition, New Gold Inc saw 35.53% 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:
- -2.57 for the present operating margin
- +1.29 for the gross margin
The net margin for New Gold Inc stands at -11.01. The total capital return value is set at -1.10, while invested capital returns managed to touch -4.73. Equity return is now at value -5.66, with -2.40 for asset returns.
Based on New Gold Inc (NGD), the company’s capital structure generated 42.19 points at debt to equity in total, while total debt to capital is 29.67. Total debt to assets is 18.04, with long-term debt to equity ratio resting at 41.29. Finally, the long-term debt to capital ratio is 29.04.
When we switch over and look at the enterprise to sales, we see a ratio of 1.34, with the company’s debt to enterprise value settled at 0.48. The receivables turnover for the company is 28.03 and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
In conclusion, New Gold Inc (NGD) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.