New Gold Inc. s in-depth stock price analysis indicates that the stock price has dropped -20.64% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -40% . Looking at the past 52 week period, the stock price is up at 1.69% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of New Gold Inc. has a negative value of -6.17 compared to overall market performance. Stocks of New Gold Inc. (NYSEMKT:NGD) rallied by 3.09% during the past week but lost 26.29% on a 4-week basis. The company has outperformed the S&P 500 by 2.26% in the past week but underperformed the index by 27.61% in the last 4 weeks.
New Gold Inc. (NYSEMKT:NGD) : On Friday heightened volatility was witnessed in New Gold Inc. (NYSEMKT:NGD) which led to swings in the share price. The stock opened for trading at $2.9 and hit $3.03 on the upside , eventually ending the session at $3, with a gain of 3.45% or 0.1 points. The heightened volatility saw the trading volume jump to 6,459,562 shares. The 52-week high of the share price is $6.0362 and the company has a market cap of $1,542 million. The 52-week low of the share price is at $2.39 .
New Gold (USA) Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.03 EPS for the quarter. Analyst had a consensus estimate of $0.03. The company had revenue of $178.70 million for the quarter, compared to analysts expectations of $178.98 million. The companys revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.New Gold (USA) was Downgraded by Credit Suisse to Underperform on Jan 31, 2017.
New Gold Inc. is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia.