What Is The Dividend Yield Of New Gold Inc. (NGD)?

The stock of New Gold Inc. (AMEX:NGD) increased by $0.03 on Tuesday to finish at $1.18, up 2.61 percent. The last five days have seen an average of 2,354,820 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $0.2000. The average number of shares traded over the last 20 days was 2,628,720, while the average volume over the last 50 days totaled 3,165,628.

NGD stock appreciated 18.92% since last month. On 01/03/23, the company’s shares reached a one-month low of $0.9857. The stock touched a high of $2.02 on 01/26/23, after rallying from a low of $0.61 in 52 weeks. The price of NGD stock has risen by 20.41% or $0.2000 this year, reaching a new high 11 times. Still, the stock price is down -41.58% from the 52-week high.

Valuation Metrics

New Gold Inc. (NGD) has a trailing price-to-earnings (P/E) ratio of 7.37. Beta for the stock is 1.49. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.25, the price-to-book (PB) ratio of 0.79.

Financial Health

For the three months ended June 29, New Gold Inc.’s quick ratio was 1.70, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.39, and the total debt to equity ratio is 0.40. Based on annual data, it had gross profit of $368.2 million and revenue of $745.5 million.

Earnings Surprise

According to New Gold Inc.’s quarterly financial report for the quarter that ended June 29, it had $9.4 million in total debt versus $4.3 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $604.5 million, while revenues rose by 0.02% to $0.0. It was predicted that New Gold Inc.’s quarterly earnings would be -$0.02, but it ended up being -$0.02. EBITDA was $44.3 million for the quarter. At the end of New Gold Inc.’s most recent quarter ended June 29, its liabilities totaled 1.23 billion, while its total debt was $409.8 million.

Technical Picture

Here’s a quick look at New Gold Inc.’s (NGD) price momentum from a technical perspective. As of 31 January, the RSI 9-day stood at 62.08%, suggesting the stock is Neutral, with a 34.19% historical volatility rate.

The stochastic %K and %D were 64.71% and 71.24% respectively, while the average true range (ATR) was 0.0547. Based on the 14-day stochastic reading of 70.59%, the RSI (14) reading is 60.50%. On the 9-day MACD Oscillator, the stock is at 0.0044, and the 14-day reading is at 0.0307.

Analyst Ratings

New Gold Inc. (AMEX: NGD) was downgraded by TD Securities to a a Reduce rating in its latest research report. The stock was previously rated as a a Hold. Analysts have assigned New Gold Inc. (NGD) an Hold rating. NGD is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.

What is NGD’s price target for the next 12 months?

The current consensus forecast for the stock is between $0.95 and $2.04, with a median target price of $1.25. In analyzing these forecasts, the average price target given by analysts for New Gold Inc. (NGD) is $1.32.

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