New Gold Stock Today

NGD Stock  USD 2.87  0.21  6.82%   

Performance

0 of 100

 
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Odds Of Distress

Less than 27

 
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Below Average
New Gold is trading at 2.87 as of the 14th of December 2024, a 6.82 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.84. New Gold has about a 27 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 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 9.29 M shares are now shorted by investors with about 0.44 days to cover. More on New Gold

Moving together with New Stock

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Moving against New Stock

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New Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEORenaud Adams
Thematic Ideas
(View all Themes)
Business ConcentrationMetals & Mining, Materials, Basic Materials, SP TSX Composite, Gold and Gold Mining, Compulsion, Non-Metallic and Industrial Metal Mining, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.360.3441
Sufficiently Up
Slightly volatile
Gross Profit Margin0.240.1296
Way Up
Slightly volatile
Total Current Liabilities240.4 M229 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total768.9 M1.3 B
Way Down
Pretty Stable
Total AssetsB2.3 B
Fairly Down
Pretty Stable
Total Current Assets331 M351.8 M
Notably Down
Pretty Stable
Debt Levels
New 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.
Liquidity
New Gold has 398.6 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. Note however, debt could still be an excellent tool for New to invest in growth at high rates of return.

Free Cash Flow

22.79 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 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 2.44 B. New Gold runs under Metals & Mining sector within Materials industry. The entity has 790.9 M outstanding shares of which 9.29 M shares are now shorted by investors with about 0.44 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.
Check New Gold Probability Of Bankruptcy
Ownership Allocation
New 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.
Check New Ownership Details

New Gold Historical Income Statement

At present, New Gold's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 64.9 M, whereas Total Revenue is forecasted to decline to about 410.8 M. View More Fundamentals

New Stock Against Markets

New Gold Corporate Directors

Gillian DavidsonNon-Executive Independent DirectorProfile
Margaret MulliganNon-Executive Independent DirectorProfile
Marilyn SchonbernerNon-Executive Independent DirectorProfile
James GowansNon-Executive Independent DirectorProfile
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 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.