Category: Gold News

New Gold (NYSEAMERICAN:NGD) Stock Price Up 8.2%

By Published On: March 21, 20243.3 min readViews: 1870 Comments on New Gold (NYSEAMERICAN:NGD) Stock Price Up 8.2%

New Gold Inc. (NYSEAMERICAN:NGDGet Free Report) shares rose 8.2% during trading on Wednesday . The stock traded as high as $1.73 and last traded at $1.72. Approximately 5,805,649 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 5,326,743 shares. The stock had previously closed at $1.59.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. cut shares of New Gold from a “buy” rating to a “hold” rating in a research report on Sunday, January 14th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of New Gold in a research report on Wednesday, January 3rd. Finally, Raymond James upped their target price on shares of New Gold from $1.50 to $1.75 and gave the company a “market perform” rating in a research report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, New Gold has a consensus rating of “Hold” and a consensus target price of $1.55.

Check Out Our Latest Stock Analysis on NGD

New Gold Stock Performance

The firm has a market capitalization of $1.17 billion, a P/E ratio of -18.89 and a beta of 1.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.54.

New Gold (NYSEAMERICAN:NGDGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). New Gold had a positive return on equity of 5.63% and a negative net margin of 8.20%. The firm had revenue of $199.20 million during the quarter. Research analysts forecast that New Gold Inc. will post 0.06 EPS for the current year.

Institutional Trading of New Gold

A number of institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC bought a new position in New Gold in the 3rd quarter valued at $25,000. Virtu Financial LLC bought a new position in New Gold in the 1st quarter valued at $33,000. CreativeOne Wealth LLC bought a new position in New Gold in the 2nd quarter valued at $33,000. Quantbot Technologies LP bought a new position in New Gold in the 2nd quarter valued at $33,000. Finally, ExodusPoint Capital Management LP bought a new position in New Gold in the 2nd quarter valued at $33,000. 31.78% of the stock is currently owned by hedge funds and other institutional investors.

New Gold Company Profile

(Get Free Report)

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to

Before you consider New Gold, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and New Gold wasn’t on the list.

While New Gold currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

Source link

Discover more from BIPNs

Subscribe to get the latest posts to your email.

Written by : Editorial team of BIPNs

Main team of content of Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.

Discover more from BIPNs

Subscribe to get the latest posts to your email.