New Gold Stock Today
| NGD Stock | USD 2.66 0.17 6.01% |
Performance4 of 100
| Odds Of DistressLess than 31
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New Gold is trading at 2.66 as of the 26th of November 2024, a 6.01 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.63. New Gold has about a 31 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Note, on November 21, 2024, Representative Debbie Wasserman Schultz of US Congress acquired under $15k worth of New Gold's common stock.
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 790.9 M outstanding shares of which 7.9 M shares are now shorted by investors with about 0.87 days to cover. More on New Gold
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New Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Renaud Adams | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, SP TSX Composite, Non-Metallic and Industrial Metal Mining, Gold and Gold Mining, Compulsion, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsNew Gold can leverage 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.
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New Gold (NGD) is traded on NYSE MKT Exchange in USA. It is located in Brookfield Place, Toronto, ON, Canada, M5J 2T3 and employs 28 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 2.25 B. New Gold runs under Metals & Mining sector within Materials industry. The entity has 790.9 M outstanding shares of which 7.9 M shares are now shorted by investors with about 0.87 days to cover.
New Gold has about 33.1 M in cash with 287.6 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48.
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Ownership AllocationNew Gold maintains a total of 790.9 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. Please note that on November 21, 2024, Representative Debbie Wasserman Schultz of US Congress acquired under $15k worth of New Gold's common stock.
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New Gold Historical Income Statement
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New Gold Corporate Directors
| Gillian Davidson | Non-Executive Independent Director | Profile | |
| Margaret Mulligan | Non-Executive Independent Director | Profile | |
| Marilyn Schonberner | Non-Executive Independent Director | Profile | |
| James Gowans | Non-Executive Independent Director | Profile |
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 closely tied 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.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Metals & Mining space 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 0.02 | Revenue Per Share 1.187 | Quarterly Revenue Growth 0.252 | Return On Assets 0.0297 | Return On Equity 0.0214 |
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.