Angus Confirms Extensive Gold System, Intersects 104 metres of 0.8 gt Au on its Golden Sky Project, Wawa
NGD Stock | USD 2.75 0.01 0.36% |
About 56% of all New Gold's shareholders are looking to take a long position. The current sentiment regarding investing in New Gold stock implies that some traders are interested. The current market sentiment, together with New Gold's historical and current headlines, can help investors time the market. In addition, many technical investors use New Gold stock news signals to limit their universe of possible portfolio assets.
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Figure 1 Figure 1 Surface Map BIF new drilling, Golden Sky Airbone Magnetics Map Highlights Drilling within the Banded Iron Formation exploration area has successfully extended the gold mineralisation over 800 metres along strike, up to 104 metres wide and down to depths of 220 metres, suggesting an extensive gold systemResults confirm a robust gold system with thick intervals of up to 104.3 metres of near-continuous mineralization grading 0.8 gt Au, including 7.9 metres of 2.3 gt
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New Gold Investor Sentiment by Other News Outlets
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New Gold Fundamental Analysis
We 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.
Revenue
Revenue Comparative Analysis
New Gold is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
New Gold Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Gold stock to make a market-neutral strategy. 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 with similar companies.
Peers
New Gold Related Equities
GLDG | GoldMining | 3.57 | ||||
IAG | IAMGold | 2.04 | ||||
AEM | Agnico Eagle | 1.53 | ||||
FTCO | Fortitude Gold | 1.35 | ||||
HMY | Harmony Gold | 1.32 | ||||
PAAS | Pan American | 1.15 | ||||
EGO | Eldorado Gold | 0.76 | ||||
AU | AngloGold Ashanti | 0.61 | ||||
OR | Osisko Gold | 0.36 | ||||
CDE | Coeur Mining | 0.46 | ||||
GFI | Gold Fields | 0.48 | ||||
FSM | Fortuna Silver | 0.62 | ||||
SAND | Sandstorm Gold | 0.69 | ||||
KGC | Kinross Gold | 0.92 | ||||
GAU | Galiano Gold | 2.08 |
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