Highly Traded Stock: New Gold Inc. (NYSE:NGD)

New Gold Inc. (NYSE:NGD)

Canaccord Genuity Upgrades New Gold Inc. (NYSE:NGD)’s stock to Hold with no specific Price Target. This rating was issued on 8/20/18. The stock recently closed its previous session at $0.82 by showing a percentage change of 5.99% from its previous day closing price of $0.78.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on New Gold Inc. (NYSE:NGD) in which RBC Capital Downgrades New Gold Inc. (NYSE:NGD) to Underperform with no specific Price Target on 8/15/18. Credit Suisse Downgrades the stock to Underperform on 7/26/18 by stationing a price target of $1.6. TD Securities Downgrades the company’s stock to Hold on 6/20/18 by setting a price target of $2.5. Scotiabank Upgrades New Gold Inc. (NYSE:NGD) to Outperform with no specific Price Target.

New Gold Inc. (NYSE:NGD) currently has a consensus Price Target of $1.29. While some analysts have a High Price target for the stock of $2 and a Low Price Target of $0.58.

Several sell side analysts reviewed their recommendations on New Gold Inc. (NYSE:NGD) where 1 analyst have rated the stock as Strong Buy, 1 analysts said it’s a Buy, 11 rated the stock as Hold, 4 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 3.5. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, New Gold Inc. (NYSE:NGD) reported its Actual EPS of $0.01/share. The analysts offering Earnings Estimates for the company were believing that New Gold Inc. (NYSE:NGD) could bring EPS of $0.01/share. The difference between Actual EPS and Estimated EPS was 0 Percent. Thus the company showed an Earnings Surprise of 0 Percent.

New Gold Inc. (NYSE:NGD) has a market capitalization of 471.15 Million. The stock traded with the volume of 3.9 Million shares in the last trading session. The stock touched its high share price of $3.91 on 10/16/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 09/27/18 as $0.75. The company has a 1 Year high price target of $3.81. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -5.9%. The Moving Average SMA50 is -15.26% while SMA200 is -60.74%.

New Gold Inc. (NYSE:NGD) is currently showing its ROA (Return on Assets) of -12.7%. The Return on Investment (ROI) is at -3% while it’s Return on Equity (ROE) value stands at -23.8%. The stock currently shows its YTD (Year to Date) performance of -74.94 percent while its Weekly performance value is 1.87%. The Monthly and Yearly performances are -14.14 percent and -78.36 percent respectively. The Relative Volume value measured for New Gold Inc. (NYSE:NGD) is 0.85. The Average Volume (3 months) is 4.61 Million.

The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. NGD has P/E (Price to Earnings ttm) value of 0, Forward P/E of 0, P/C (Price to cash per share) of 2.97 and Price to Free Cash Flow (P/FCF) value of 1.81. The stock is showing its Operating Margin of -88.2 percent.

Company Profile:

New Gold Inc. is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia.