New Financial Statements From 2010 to 2025
| NGD Stock | USD 3.04 0.15 5.19% |
Check New Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . New financial statements analysis is a perfect complement when working with New Gold Valuation or Volatility modules.
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New Gold Company Return On Equity Analysis
New Gold's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current New Gold Return On Equity | 0.0214 |
Most of New Gold's fundamental indicators, such as Return On Equity, 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.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, New Gold has a Return On Equity of 0.0214. This is 97.65% lower than that of the Metals & Mining sector and 78.6% lower than that of the Materials industry. The return on equity for all United States stocks is 106.9% lower than that of the firm.
New Gold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Gold's current stock value. Our valuation model uses many indicators to compare New Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Gold competition to find correlations between indicators driving New Gold's intrinsic value. More Info.New Gold is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about 1.39 of Return On Asset per Return On Equity. Comparative valuation analysis is a catch-all technique that is used if you cannot value New Gold by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About New Gold Financial Statements
New Gold stakeholders use historical fundamental indicators, such as New Gold's revenue or net income, to determine how well the company is positioned to perform in the future. Although New Gold investors may analyze each financial statement separately, they are all interrelated. For example, changes in New Gold's assets and liabilities are reflected in the revenues and expenses on New Gold's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in New Gold. Please read more on our technical analysis and fundamental analysis pages.
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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 the analysis of New Gold Correlation against competitors. For information on how to trade New Stock refer to our How to Trade New Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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.
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.