In today’s recent session, 2.3 million shares of the New Gold Inc. (AMEX:NGD) have been traded, and its beta is 2.00. Most recently the company’s share price was $1.51, and it changed around $0.04 or 2.72% from the last close, which brings the market valuation of the company to $1.01B. NGD at last check was trading at a discount to its 52-week high of $2.40, offering almost -58.94% off that amount. The share price’s 52-week low was $1.01, which indicates that the recent value has risen by an impressive 33.11% since then. We note from New Gold Inc.’s average daily trading volume that its 3-month average coming to 8.83 million.
Instantly NGD has been showing a green trend so far today with a performance of 2.72% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.5600 on Monday, 01/03/22 increased the stock’s daily price by 3.21%. The company’s shares are currently down -2.00% year-to-date, but still down -0.68% over the last five days. On the other hand, New Gold Inc. (AMEX:NGD) is 6.52% down in the 30-day period.
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New Gold Inc. (NGD) estimates and forecasts
New Gold Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -16.95 percent over the past six months and at a 366.67% annual growth rate that is well above the industry average of 0.10%.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $202.68 million in revenue for the current quarter. 1 analysts expect New Gold Inc. to make $213.26 million in revenue for the quarter ending Mar 2022.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 21.60%. New Gold Inc. earnings are expected to increase by 2.50% in 2022, but the outlook is positive 9.61% per year for the next five years.
New Gold Inc.’s next quarterly earnings report is expected to be released around February 16 and February 21.
New Gold Inc. (AMEX:NGD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.23% of New Gold Inc. shares, and 51.73% of them are in the hands of institutional investors. The stock currently has a share float of 51.85%. New Gold Inc. stock is held by 249 institutions, with Van Eck Associates Corporation being the largest institutional investor. By Sep 29, 2021, it held 10.33% of the shares, which is about 70.3 million shares worth $74.52 million.
Renaissance Technologies, LLC, with 2.44% or 16.58 million shares worth $17.58 million as of Sep 29, 2021, holds the second largest percentage of outstanding shares.
VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF were the top two Mutual Funds as of Sep 29, 2021. The former held 34.59 million shares worth $36.66 million, making up 5.08% of all outstanding shares. On the other hand, VanEck Vectors ETF Tr-Junior Gold Miners ETF held roughly 30.55 million shares worth around $32.38 million, which represents about 4.49% of the total shares outstanding.