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Is this Large Market Cap Stock target price reasonable for New Gold, Inc. (NYSE:NGD)?

The company in question is, New Gold, Inc. (NYSE:NGD) currently with a stock price of 3.91 (-1.26% today). The market cap for New Gold, Inc. is 2083.36, and is in the sector Basic Materials, and Gold industry. The target price for New Gold, Inc. is 5.71. Currently New Gold, Inc. is trading with a P/E of *TBA, and a forward P/E of 30.46. Average volume for New Gold, Inc. is 5300.74 and so far today it is 2864451.

Performance in the last year for New Gold, Inc. has been 28.99%. For EPS growth, New Gold, Inc. has seen a growth of 58.20%, and is looking to grow in the next year to 83.10%. More long term stats show that EPS growth has been -36.40% over the last five years and could be *TBA for the next five years. New Gold, Inc. has seen sales growth quarter over quarter at -46.40%, with EPS growth quarter over quarter at 74.30%. The 20-day simple moving average is -20.08%, with the 200-day simple moving average coming to -3.59%.

Since the IPO date for New Gold, Inc. on the 11/18/2004, New Gold, Inc. has seen performance year to date to be 70.69%. With New Gold, Inc. trading at 3.91, the dividend yield is *TBA, and the EPS is -0.29.

So could New Gold, Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 2.93 and the P/B is at 0.96. The P/cash is 9.49, with P/free cash flow at *TBA.

New Gold, Inc. ability to deal with debt shows that the current ratio is 3, and the quick ratio is 2.1. This is with long term debt/equity at 0.37, and total debt/equity at 0.37.

In terms of margins, New Gold, Inc. has a gross margin of 77.10%, an operating margin of -24.70% and a profit margin of -21.00%.Payout ratio for New Gold, Inc. is *TBA. Return on assets come to -4.00% with return on investment coming to -2.80%.

Insider ownership for New Gold, Inc., is at 3.60% and institutional ownership comes to 55.10%. Outstanding shares are at 526.1. While shares float is 491.05. The float short is currently 1.63%, and short ratio is 1.51.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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