Analyst Research

New Gold Inc. (NYSEMKT:NGD) Has 103 Percent Upside Potential

New Gold Inc. (NYSEMKT:NGD) shares traded 2.16% during the most recent session the stock exchanged hands 9.48M shares versus average trading capacity of 6.65M shares, yielding a market cap of $1.67B. Wall Street analysts covering the stock are projecting that the stock will reach $3.92 within the next 52-weeks. The mean target projections are based on 13 opinions, the mean target was last revised on 04/27/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have New Gold Inc. (NYSEMKT:NGD) high price target of $6.00 and with a conservative view have low price target of $2.94 with a standard deviation of $0.71. If seeing target price from optimistic overview then it has a 103 percent upside potential from the latest closing price of $2.84.

New Gold Inc. (NYSEMKT:NGD) received “Downgrade” rating by Credit Suisse in a research note issued to investors on Jan-31-17 from Neutral  to Underperform.

Additionally on Sep-16-16 New Gold Inc. (NYSEMKT:NGD) was “Upgraded” by Desjardins from Hold  to Buy and on Sep-07-16 the stock was “Downgraded” by Desjardins from Buy to Hold. Furthermore on May-25-16 the stock was “Downgraded” by Dundee from Neutral to Sell.

On the other hand the company has Relative Strength Index (RSI 14) of 39.73 along with Average True Range (ATR 14) of 0.14, Consequently New Gold Inc. (NYSEMKT:NGD) weekly and monthly volatility is 6.03%, 4.05% respectively. The company’s beta value is at 0.27.

In terms of Buy, Sell or Hold recommendations, New Gold Inc. (NYSEMKT:NGD) has an analysts’ mean recommendation of 3.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that New Gold Inc. (NYSEMKT:NGD) will report earnings of $0.02 for the current quarter, however the company’s high EPS estimates are $0.05 and low estimates are -$0.01. However the company reported $0.03 earnings per share for the same quarter during last year.

Previously New Gold Inc. (NYSEMKT:NGD) reported $0.02 earnings per share (EPS) for the quarter on 4/26/2017 After Market Close, meeting the consensus estimate of $0.02 by $0.00. The company posted an earnings surprise of 0.00%.

While considering growth estimates of the company, it has next quarter growth estimates of -66.70% whereas during current quarter it has -33.30% estimations over growth, comparing to the estimations of 20.00% during current year and 100.00% for next year. Past 5 years growth of New Gold Inc. (NYSEMKT:NGD) observed at -38.01%, looking forward for the next 5 years it has a strong prediction of 5.00% over growth.

New Gold Inc. (NYSEMKT:NGD) revenue estimates for the current quarter are $177.85M according to 3 number of analysts, for the current quarter the company has high revenue estimates of $184M in contradiction of low revenue estimates of $169.46M. For the current year the company’s revenue estimates are $744.63M compared to low analyst estimates of $701M and high estimates of $783M according 12 number of analysts.

Currently New Gold Inc. (NYSEMKT:NGD) shares owned by insiders are 3.60%, whereas shares owned by institutional owners are 55.10%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded XX-2.83

New Gold Inc. (NYSEMKT:NGD) trading -52.98% away from its 52 week high of $6.04 and +18.83% far from the stock’s low point over the past 52 weeks, which was $2.39. The stock hit its 52-week high on 08/10/16, and 52-week low on 01/31/17. The company’s trailing twelve month income is 2.70M dollars.

New Gold Inc. (NYSEMKT:NGD) trailing twelve month revenues are $683.80M, whereas its price to sales ratio for the same period is 2.41. Its book value per share for the most recent quarter is $4.06 while its price to book ratio for the same period is 0.70, as for as the company’s cash per share for the most recent quarter is $0.32, however its price to cash per share ratio for the same period is 8.88. The stock has a current PEG ratio of 113.60 where as its trailing twelve month P/E ratio is 568.00.

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