The stock price of New Gold Inc (AMEX: NGD) has surged by 1.11 when compared to previous closing price of 1.80, but the company has seen a 4.00% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Investors interested in stocks from the Mining – Gold sector have probably already heard of New Gold (NGD) and Triple Flag Precious Metals (TFPM). But which of these two stocks presents investors with the better value opportunity right now?
Is It Worth Investing in New Gold Inc (AMEX: NGD) Right Now?
Additionally, the 36-month beta value for NGD is 1.52. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 2 rating it as “sell.”
The public float for NGD is 646.84M and currently, short sellers hold a 0.88% ratio of that float. The average trading volume of NGD on April 29, 2024 was 7.29M shares.
NGD’s Market Performance
NGD stock saw an increase of 4.00% in the past week, with a monthly gain of 7.69% and a quarterly increase of 46.77%. The volatility ratio for the week is 5.37%, and the volatility levels for the last 30 days are 5.48% for New Gold Inc (NGD). The simple moving average for the last 20 days is 3.47% for NGD stock, with a simple moving average of 41.93% for the last 200 days.
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 previous year 2023.
RBC Capital Mkts gave a rating of “Outperform” to NGD, setting the target price at $1.25 in the report published on October 03rd of the previous year.
NGD Trading at 16.79% 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 -6.19% of loss for the given period.
Volatility was left at 5.48%, however, over the last 30 days, the volatility rate increased by 5.37%, as shares surge +7.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +59.65% upper at present.
During the last 5 trading sessions, NGD rose by +4.00%, which changed the moving average for the period of 200-days by +45.60% in comparison to the 20-day moving average, which settled at $1.7650. In addition, New Gold Inc saw 24.66% 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:
- 0.08 for the present operating margin
- 0.15 for the gross margin
The net margin for New Gold Inc stands at -0.08. The total capital return value is set at 0.03. Equity return is now at value -7.38, with -2.85 for asset returns.
Based on New Gold Inc (NGD), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.73. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 4.04.
Currently, EBITDA for the company is 301.22 million with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 47.4for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.54.
Conclusion
In conclusion, New Gold Inc (NGD) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
