New Gold Stock Today

NGD Stock  USD 1.70  0.01  0.59%   

Performance

34 of 100

 
Low
 
High
Very Strong

Odds Of Distress

Less than 18

 
100  
 
Zero
Low
New Gold is trading at 1.70 as of the 29th of March 2024, a 0.59 percent increase since the beginning of the trading day. The stock's lowest day price was 1.67. New Gold has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a very strong performance during the last 90 days. Equity ratings for New Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2023 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
18th of November 2004
Category
Basic Materials
New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. The company was incorporated in 1980 and is headquartered in Toronto, Canada. New Gold is traded on AMEX Exchange in the United States. The company has 685.6 M outstanding shares of which 3.87 M shares are now shorted by investors with about 0.47 days to cover. More on New Gold

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New Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. New Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEORenaud Adams
Thematic Ideas
(View all Themes)
Business ConcentrationMetals & Mining, Materials, Basic Materials, Compulsion, Non-Metallic and Industrial Metal Mining, Gold and Gold Mining, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering New Gold report their recommendations after researching New Gold's financial statements, talking to executives and customers, or listening in on New Gold's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering New Gold. The New consensus assessment is calculated by taking the average forecast from all of the analysts covering New Gold.
New Gold's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to New Gold's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand New Gold's financial leverage. It provides some insight into what part of New Gold's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on New Gold's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how New Gold deploys its capital and how much of that capital is borrowed.
Liquidity
New Gold cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 399.15 M in debt with debt to equity (D/E) ratio of 0.41, which is OK given its current industry classification. New Gold has a current ratio of 2.75, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist New Gold until it has trouble settling it off, either with new capital or with free cash flow. So, New Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Gold's use of debt, we should always consider it together with cash and equity.

Free Cash Flow

(6.74 Million)
New Gold (NGD) is traded on NYSE MKT Exchange in USA. It is located in Brookfield Place, Toronto, ON, Canada, M5J 2T3 and employs 44 people. New Gold is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.16 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Gold's market, we take the total number of its shares issued and multiply it by New Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. New Gold runs under Metals & Mining sector within Materials industry. The entity has 685.6 M outstanding shares of which 3.87 M shares are now shorted by investors with about 0.47 days to cover. New Gold has about 33.1 M in cash with 264.36 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48.
Check New Gold Probability Of Bankruptcy
Ownership Allocation
New Gold maintains a total of 685.6 Million outstanding shares. Over half of New Gold's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in New Gold. Please watch out for any change in the institutional holdings of New Gold as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check New Ownership Details

New Stock Price Odds Analysis

What are New Gold's target price odds to finish over the current price? Based on a normal probability distribution, the odds of New Gold jumping above the current price in 90 days from now is under 4%. The New Gold probability density function shows the probability of New Gold stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6961. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, New Gold will likely underperform. Additionally, new Gold has an alpha of 0.0141, implying that it can generate a 0.0141 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 1.7HorizonTargetOdds Above 1.7
96.64%90 days
 1.70 
3.34%
Based on a normal probability distribution, the odds of New Gold to move above the current price in 90 days from now is under 4 (This New Gold probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) .

New Gold Historical Income Statement

New Gold Income Statement is one of the three primary financial statements used for reporting New's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of New Gold revenue and expense. New Gold Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, New Gold's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 779.9 M, whereas Gross Profit is forecasted to decline to about 77.2 M. View More Fundamentals

New Stock Against Markets

Picking the right benchmark for New Gold stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in New Gold stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for New Gold is critical whether you are bullish or bearish towards New Gold at a given time. Please also check how New Gold's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in New Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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New Gold Corporate Directors

New Gold corporate directors refer to members of a New Gold board of directors. The board of directors generally takes responsibility for the New Gold's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of New Gold's board members must vote for the resolution. The New Gold board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gillian DavidsonNon-Executive Independent DirectorProfile
Margaret MulliganNon-Executive Independent DirectorProfile
Pierre LassondeIndependent DirectorProfile
Marilyn SchonbernerNon-Executive Independent DirectorProfile

How to buy New Stock?

Before investing in New Gold, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in New Gold. To buy New Gold stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of New Gold. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase New Gold stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located New Gold stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased New Gold stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as New Gold, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy New Stock please use our How to Invest in New Gold guide.

Already Invested in New Gold?

The danger of trading New Gold is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of New Gold is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than New Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile New Gold is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether New Gold is a strong investment it is important to analyze New Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Gold's future performance. For an informed investment choice regarding New Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For information on how to trade New Stock refer to our How to Trade New Stock guide.
Note that the New Gold information on this page should be used as a complementary analysis to other New Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running New Gold's price analysis, check to measure New Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.
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Is New Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Gold. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.09)
Revenue Per Share
1.15
Quarterly Revenue Growth
0.224
Return On Assets
0.0158
Return On Equity
(0.07)
The market value of New Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Gold's value that differs from its market value or its book value, called intrinsic value, which is New Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Gold's market value can be influenced by many factors that don't directly affect New Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.