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New Gold Inc. (AMEX: NGD) Gain Of 13.68% Compared To 52-Week Low; YTD Fall -16.67% – What Should You Do Now?

New Gold Inc. (AMEX:NGD)’s traded shares stood at 1.42 million during the latest session, with the company’s beta value hitting 1.91. At the last check…

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This article was originally published by The Marketing Sentinal

New Gold Inc. (AMEX:NGD)’s traded shares stood at 1.42 million during the latest session, with the company’s beta value hitting 1.91. At the last check today, the stock’s price was $1.17, to imply a decrease of -6.00% or -$0.08 in intraday trading. The NGD share’s 52-week high remains $2.19, putting it -87.18% down since that peak but still an impressive 13.68% since price per share fell to its 52-week low of $1.01. The company has a valuation of $1.01B, with an average of 4.06 million shares in intraday trading volume over the past 10 days and average of 5.02 million shares over the past 3 months.

New Gold Inc. (AMEX:NGD) trade information

After registering a -6.00% downside in the latest session, New Gold Inc. (NGD) has traded red over the past five days. The stock hit a weekly high of 1.4100 this Wednesday, 06/15/22, dropping -6.00% in its intraday price action. The 5-day price performance for the stock is -9.42%, and -3.10% over 30 days. With these gigs, the year-to-date price performance is -16.67%. Short interest in New Gold Inc. (AMEX:NGD) saw shorts transact 4.06 million shares and set a 0.76 days time to cover.

New Gold Inc. (NGD) estimates and forecasts

Looking at statistics comparing New Gold Inc. share performance against respective industry, we note that the company has underperformed competitors. New Gold Inc. (NGD) shares are -8.09% down over the last 6 months, with its year-to-date growth rate lower than industry average at 8.33% against 13.10%. Revenue is forecast to shrink -25.00% this quarter before jumping 33.30% for the next one. The rating firms project that company’s revenue will grow 1.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $183.53 million. Meanwhile, for the quarter ending Sep 2022, a total of 2 analyst(s) estimate revenue growth to $197.82 million.Earnings reports from the last fiscal year show that sales brought in $198.2 million and $179.8 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -7.40% before jumping 10.00% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -12.39% for the past 5-year period. While 2022 is set for a 8.30% return in earnings, projections for the next 5 years are at 8.65% annually.

NGD Dividends

New Gold Inc. has its next earnings report out between February 16 and February 21. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. New Gold Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

New Gold Inc. (AMEX:NGD)’s Major holders

New Gold Inc. insiders hold 0.26% of total outstanding shares, with institutional holders owning 54.77% of the shares at 54.91% float percentage. In total, 54.77% institutions holds shares in the company, led by Van Eck Associates Corporation. As of Mar 30, 2022, the company held over 69.32 million shares (or 10.17% of shares), all amounting to roughly $124.77 million.

The next major institution holding the largest number of shares is Renaissance Technologies, LLC with 16.36 million shares, or about 2.40% of shares outstanding. As of the market price on Dec 30, 2021, these shares were worth $24.54 million.

We also have VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the New Gold Inc. (NGD) shares. Going by data provided on Dec 30, 2021, VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 30.4 million shares. This is just over 4.46% of the total shares, with a market valuation of $45.61 million. Data from the same date shows that the other fund manager holds a little less at 29.28 million, or 4.30% of the shares, all valued at about 50.66 million.

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