New Gold Stock Net Income
| NGD Stock | CAD 13.68 2.65 16.23% |
As of the 31st of January, New Gold secures the Mean Deviation of 2.92, risk adjusted performance of 0.2001, and Downside Deviation of 2.75. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New Gold, as well as the relationship between them.
New Gold Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 8.2282 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 92.3 M | 97 M | |
| Net Income From Continuing Ops | 118 M | 123.9 M | |
| Net Income Applicable To Common Shares | 118 M | 123.9 M | |
| Net Income Per Share | 0.14 | 0.16 | |
| Net Income Per E B T | 1.42 | 1.14 |
New | Net Income |
Evaluating New Gold's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into New Gold's fundamental strength.
Latest New Gold's Net Income Growth Pattern
Below is the plot of the Net Income of New Gold over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in New Gold financial statement analysis. It represents the amount of money remaining after all of New Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is New Gold's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Gold's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 102.6 M | 10 Years Trend |
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Net Income |
| Timeline |
New Net Income Regression Statistics
| Arithmetic Mean | (98,489,120) | |
| Geometric Mean | 71,108,311 | |
| Coefficient Of Variation | (339.99) | |
| Mean Deviation | 201,288,753 | |
| Median | (64,500,000) | |
| Standard Deviation | 334,854,585 | |
| Sample Variance | 112127.6T | |
| Range | 1.4B | |
| R-Value | 0.10 | |
| Mean Square Error | 118356.3T | |
| R-Squared | 0.01 | |
| Significance | 0.70 | |
| Slope | 6,769,511 | |
| Total Sum of Squares | 1794041.5T |
New Net Income History
New Net Income 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 Net Income. 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.
Click cells to compare fundamentals
New Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to New Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of New Gold.
| 11/02/2025 |
| 01/31/2026 |
If you would invest 0.00 in New Gold on November 2, 2025 and sell it all today you would earn a total of 0.00 from holding New Gold or generate 0.0% return on investment in New Gold over 90 days. New Gold is related to or competes with B2Gold Corp, OceanaGold, Artemis Gold, Eldorado Gold, Osisko Gold, IAMGold, and SSR Mining. New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties More
New Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure New Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess New Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.75 | |||
| Information Ratio | 0.2483 | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 7.68 |
New Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Gold's standard deviation. In reality, there are many statistical measures that can use New Gold historical prices to predict the future New Gold's volatility.| Risk Adjusted Performance | 0.2001 | |||
| Jensen Alpha | 0.9039 | |||
| Total Risk Alpha | 0.7269 | |||
| Sortino Ratio | 0.3429 | |||
| Treynor Ratio | 0.5575 |
New Gold January 31, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.2001 | |||
| Market Risk Adjusted Performance | 0.5675 | |||
| Mean Deviation | 2.92 | |||
| Semi Deviation | 2.26 | |||
| Downside Deviation | 2.75 | |||
| Coefficient Of Variation | 378.11 | |||
| Standard Deviation | 3.8 | |||
| Variance | 14.46 | |||
| Information Ratio | 0.2483 | |||
| Jensen Alpha | 0.9039 | |||
| Total Risk Alpha | 0.7269 | |||
| Sortino Ratio | 0.3429 | |||
| Treynor Ratio | 0.5575 | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 7.68 | |||
| Downside Variance | 7.58 | |||
| Semi Variance | 5.11 | |||
| Expected Short fall | (3.75) | |||
| Skewness | 0.6099 | |||
| Kurtosis | 0.9575 |
New Gold Backtested Returns
New Gold appears to be somewhat reliable, given 3 months investment horizon. New Gold has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. By analyzing New Gold's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise New Gold's Downside Deviation of 2.75, risk adjusted performance of 0.2001, and Mean Deviation of 2.92 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Gold holds a performance score of 10. The company secures a Beta (Market Risk) of 1.79, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, New Gold will likely underperform. Please check New Gold's value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether New Gold's current price movements will revert.
Auto-correlation | 0.62 |
Good predictability
New Gold has good predictability. Overlapping area represents the amount of predictability between New Gold time series from 2nd of November 2025 to 17th of December 2025 and 17th of December 2025 to 31st of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New Gold price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current New Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 3.71 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
New Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, New Gold reported net income of 102.6 M. This is 952.56% lower than that of the Metals & Mining sector and 174.01% lower than that of the Materials industry. The net income for all Canada stocks is 82.03% higher than that of the company.
New Net Income 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 Net Income 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 net income category among its peers.
New Fundamentals
| Return On Equity | 0.22 | ||||
| Return On Asset | 0.13 | ||||
| Profit Margin | 0.20 % | ||||
| Operating Margin | 0.50 % | ||||
| Current Valuation | 13.89 B | ||||
| Shares Outstanding | 791.73 M | ||||
| Shares Owned By Insiders | 3.78 % | ||||
| Shares Owned By Institutions | 68.78 % | ||||
| Number Of Shares Shorted | 10.65 M | ||||
| Price To Earning | 24.85 X | ||||
| Price To Book | 8.03 X | ||||
| Price To Sales | 10.41 X | ||||
| Revenue | 924.5 M | ||||
| Gross Profit | 784.2 M | ||||
| EBITDA | 339.1 M | ||||
| Net Income | 102.6 M | ||||
| Cash And Equivalents | 19.9 M | ||||
| Cash Per Share | 1.04 X | ||||
| Total Debt | 399.7 M | ||||
| Debt To Equity | 1.33 % | ||||
| Current Ratio | 5.06 X | ||||
| Book Value Per Share | 2.17 X | ||||
| Cash Flow From Operations | 392.8 M | ||||
| Short Ratio | 3.66 X | ||||
| Earnings Per Share | 0.44 X | ||||
| Price To Earnings To Growth | (2.09) X | ||||
| Target Price | 14.89 | ||||
| Beta | 1.55 | ||||
| Market Capitalization | 11.46 B | ||||
| Total Asset | 2 B | ||||
| Retained Earnings | (2.36 B) | ||||
| Working Capital | 77.5 M | ||||
| Current Asset | 614.6 M | ||||
| Current Liabilities | 147.3 M | ||||
| Net Asset | 2 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.
Pair Trading with New Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with New Stock
| 0.98 | AG | First Majestic Silver | PairCorr |
| 0.91 | IE | Ivanhoe Energy | PairCorr |
| 0.96 | ORE | Orezone Gold Corp | PairCorr |
| 0.72 | FDR | Flinders Resources | PairCorr |
| 0.92 | FDY | Faraday Copper Corp | PairCorr |
Moving against New Stock
| 0.72 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.72 | MSFT | Microsoft CDR | PairCorr |
| 0.49 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.49 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to New Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Gold to buy it.
The correlation of New Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 employment. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.