New Gold Stock Today
NGD Stock | CAD 2.33 0.08 3.32% |
Performance12 of 100
| Odds Of DistressLess than 30
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New Gold is selling at 2.33 as of the 23rd of April 2024; that is -3.32 percent down since the beginning of the trading day. The stock's open price was 2.41. New Gold has about a 30 percent probability of financial distress in the next few years of operation but had a somewhat good 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 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It also holds 100 percent interests in the Blackwater gold-silver project located in British Columbia, Canada and operates the Cerro San Pedro gold-silver mine in Mexico. The company has 685.6 M outstanding shares of which 13.31 M shares are now shorted by private and institutional investors with about 8.24 days to cover all short positions. More on New Gold
Moving together with New Stock
0.73 | OSI | Osino Resources Corp | PairCorr |
Moving against New Stock
0.52 | DYA | DynaCERT | PairCorr |
0.44 | DFR | Diamond Fields Resources | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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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.
CEO | Renaud Adams | ||||
Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
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.
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New Gold (NGD) is traded on Toronto Exchange in Canada and employs 48 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 current market capitalization of 1.6 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 operates under Metals & Mining sector and is part of Materials industry. The entity has 685.6 M outstanding shares of which 13.31 M shares are now shorted by private and institutional investors with about 8.24 days to cover all short positions.
New Gold has accumulated about 33.1 M in cash with 248.8 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.04.
Check New Gold Probability Of Bankruptcy
Ownership AllocationNew Gold holds 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. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
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New Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of New Gold jumping above the current price in 90 days from now is about 15.87%. The New Gold probability density function shows the probability of New Gold stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.3826. 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 0.3904, implying that it can generate a 0.39 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of New Gold to move above the current price in 90 days from now is about 15.87 (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 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. New Gold market risk premium is the additional return an investor will receive from holding New Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in New Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although New Gold's alpha and beta are two of the key measurements used to evaluate New Gold's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 2.9 | |||
Semi Deviation | 2.67 | |||
Standard Deviation | 3.7 | |||
Variance | 13.69 |
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.Did you try this?
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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 Davidson | Non-Executive Independent Director | Profile | |
Margaret Mulligan | Non-Executive Independent Director | Profile | |
Pierre Lassonde | Independent Director | Profile | |
Marilyn Schonberner | Non-Executive Independent Director | Profile |
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 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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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