New Gold Stock Shares Owned By Institutions
NGD Stock | CAD 2.90 0.34 13.28% |
New Gold fundamentals help investors to digest information that contributes to New Gold's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Gold stock.
New | Shares Owned By Institutions |
New Gold Company Shares Owned By Institutions Analysis
New Gold's Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
More About Shares Owned By Institutions | All Equity Analysis
Shares Held by Institutions | = | Funds and Banks | + | Firms |
Current New Gold Shares Owned By Institutions | 54.00 % |
Most of New Gold's fundamental indicators, such as Shares Owned By Institutions, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
New Shares Owned By Institutions Driver Correlations
Understanding the fundamental principles of building solid financial models for New Gold is extremely important. It helps to project a fair market value of New Stock properly, considering its historical fundamentals such as Shares Owned By Institutions. Since New Gold's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of New Gold's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of New Gold's interrelated accounts and indicators.
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Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Competition |
Based on the latest financial disclosure, 54% of New Gold are shares owned by institutions. This is 95.44% higher than that of the Metals & Mining sector and 146.91% higher than that of the Materials industry. The shares owned by institutions for all Canada stocks is 37.72% lower than that of the firm.
New Shares Owned By Institutions Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Gold's direct or indirect competition against its Shares Owned By Institutions to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Gold could also be used in its relative valuation, which is a method of valuing New Gold by comparing valuation metrics of similar companies.New Gold is currently under evaluation in shares owned by institutions category among related companies.
New Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of New Gold from analyzing New Gold's financial statements. These drivers represent accounts that assess New Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of New Gold's important valuation drivers and their relationship over time.
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Market Cap | 540.8M | 1.5B | 1.0B | 990.1M | 891.1M | 897.4M | |
Enterprise Value | 1.2B | 1.8B | 1.0B | 1.2B | 1.1B | 1.0B |
New Fundamentals
Return On Equity | -0.0944 | ||||
Return On Asset | 0.0143 | ||||
Profit Margin | (0.1) % | ||||
Operating Margin | 0.07 % | ||||
Current Valuation | 2.24 B | ||||
Shares Outstanding | 690.1 M | ||||
Shares Owned By Insiders | 5.76 % | ||||
Shares Owned By Institutions | 54.00 % | ||||
Number Of Shares Shorted | 13.31 M | ||||
Price To Earning | 24.85 X | ||||
Price To Book | 1.58 X | ||||
Price To Sales | 2.17 X | ||||
Revenue | 786.5 M | ||||
Gross Profit | 221.7 M | ||||
EBITDA | 288.9 M | ||||
Net Income | (64.5 M) | ||||
Cash And Equivalents | 33.1 M | ||||
Cash Per Share | 1.04 X | ||||
Total Debt | 396.2 M | ||||
Debt To Equity | 1.33 % | ||||
Current Ratio | 5.06 X | ||||
Book Value Per Share | 1.07 X | ||||
Cash Flow From Operations | 248.8 M | ||||
Short Ratio | 7.31 X | ||||
Earnings Per Share | (0.14) X | ||||
Price To Earnings To Growth | (2.09) X | ||||
Target Price | 2.71 | ||||
Beta | 1.6 | ||||
Market Capitalization | 2 B | ||||
Total Asset | 2.29 B | ||||
Retained Earnings | (2.35 B) | ||||
Working Capital | 122.8 M | ||||
Current Asset | 614.6 M | ||||
Current Liabilities | 147.3 M | ||||
Net Asset | 2.29 B |
About New Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck 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 board of governors. To learn how to invest in New Stock, please use our How to Invest in New Gold 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for New Stock analysis
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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