New Gold Inc. (NGD) will probably climb 271.3 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $1.29 price as 12-month high target. This represents a whopping 19.44 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $0.97, which represents a return potential of -10.19 percent when compared to the closing price of the stock of $1.08 on Tuesday, January 08. The lowest price target for the stock is $0.75 — slightly more than -30.56 percent from NGD’s current share price.
The stock is currently hovering around the first support level of $1.02. Below this, the next support is placed in the zone of $0.95. Till the time, the NGD stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 73.09 on daily chart, which may remain a cause for concern. If the price breaks below $0.95 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $1.13 mark may result into a pull-back move towards $1.17 level.
On 8th of January, New Gold Inc. (NYSE:NGD) shares ended higher after a volatile session. The shares accumulated 0.12 points or 12.5 percent at $1.08 with a heavy trade volume of 7.785 million shares. After opening the session at $1.01, the shares went as high as $1.11 and as low as $1, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $625 million and now has 578.7 million shares outstanding. New Gold Inc. (NGD) stock has gained 37.21 percent of market value in 21 trading days.
NGD stock has a trailing 3-year beta of -0.2, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $-0.9 a share in the trailing twelve months. The stock’s value has surged 42.71 percent year to date (YTD) against a decline of -68.51 percent in 12 month’s time. The company’s shares still trade -68.7 percent away from its 1-year high of $3.45 and 55.4 percent up from 52-week low of $0.69. The average consensus rating on the company is 2.7, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of New Gold Inc. (NGD) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry NGD operates in has an average P/E of 15.81. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 0.98 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1. 75.1 percent is the gross profit margin for New Gold Inc. and operating margin sits at -60.1 percent. Along with this, the net profit margin is -82.2 percent.