New Gold Stock Analysis
| NGD Stock | CAD 4.02 0.01 0.25% |
New Gold is overvalued with Real Value of 3.34 and Hype Value of 4.02. The main objective of New Gold stock analysis is to determine its intrinsic value, which is an estimate of what New Gold is worth, separate from its market price. There are two main types of New Gold's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect New Gold's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of New Gold's stock to identify patterns and trends that may indicate its future price movements.
The New Gold stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. New Gold is usually not traded on Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day, Canada Day. New Stock trading window is adjusted to America/Toronto timezone.
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New Stock Analysis Notes
About 62.0% of the company shares are owned by institutional investors. The book value of New Gold was now reported as 1.26. The company had not issued any dividends in recent years. New Gold had 1:3 split on the 25th of July 2002. 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. NEW GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 1337 people. To find out more about New Gold contact Renaud Adams at 416 324 6000 or learn more at https://www.newgold.com.New Gold Investment Alerts
| New Gold had very high historical volatility over the last 90 days | |
| The company reported the revenue of 786.5 M. Net Loss for the year was (64.5 M) with profit before overhead, payroll, taxes, and interest of 416.8 M. | |
| About 62.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Should Value Investors Buy New Gold Stock - Yahoo Finance |
New Largest EPS Surprises
Earnings surprises can significantly impact New Gold's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-04-30 | 2024-03-31 | 0.01 | 0.02 | 0.01 | 100 | ||
2022-11-03 | 2022-09-30 | -0.01 | -0.02 | -0.01 | 100 | ||
2021-11-12 | 2021-09-30 | 0.02 | 0.03 | 0.01 | 50 |
New Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.19 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 Profitablity
New Gold's profitability indicators refer to fundamental financial ratios that showcase New Gold's ability to generate income relative to its revenue or operating costs. If, let's say, New Gold is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, New Gold's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of New Gold's profitability requires more research than a typical breakdown of New Gold's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.26 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.26. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.03) | (0.03) | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | (0.03) | (0.03) | |
| Return On Equity | (0.09) | (0.10) |
Management Efficiency
New Gold has return on total asset (ROA) of 0.0297 % which means that it generated a profit of $0.0297 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0214 %, meaning that it generated $0.0214 on every $100 dollars invested by stockholders. New Gold's management efficiency ratios could be used to measure how well New Gold manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of January 2025, Return On Capital Employed is likely to grow to 0.03, while Return On Tangible Assets are likely to drop (0.03). At this time, New Gold's Net Tangible Assets are very stable compared to the past year. As of the 22nd of January 2025, Asset Turnover is likely to grow to 0.33, while Total Assets are likely to drop about 2 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.04 | 0.99 | |
| Tangible Book Value Per Share | 1.04 | 0.99 | |
| Enterprise Value Over EBITDA | 5.66 | 5.95 | |
| Price Book Value Ratio | 1.46 | 1.39 | |
| Enterprise Value Multiple | 5.66 | 5.95 | |
| Price Fair Value | 1.46 | 1.39 | |
| Enterprise Value | 1 B | 1.1 B |
Leadership effectiveness at New Gold is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Technical Drivers
As of the 22nd of January, New Gold secures the Mean Deviation of 2.33, risk adjusted performance of 0.022, and Downside Deviation of 3.05. 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 Price Movement Analysis
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New Gold Outstanding Bonds
New Gold issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. New Gold uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most New bonds can be classified according to their maturity, which is the date when New Gold has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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New Gold Predictive Daily Indicators
New Gold intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of New Gold stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 41653.9 | |||
| Daily Balance Of Power | (0.06) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 4.1 | |||
| Day Typical Price | 4.07 | |||
| Price Action Indicator | (0.08) | |||
| Period Momentum Indicator | (0.01) |
New Gold Forecast Models
New Gold's time-series forecasting models are one of many New Gold's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary New Gold's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About New Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how New Gold prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling New shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as New Gold. By using and applying New Stock analysis, traders can create a robust methodology for identifying New entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (0.07) | (0.07) | |
| Operating Profit Margin | 0.07 | 0.07 | |
| Net Loss | (0.07) | (0.08) | |
| Gross Profit Margin | 0.15 | 0.24 |
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding New Gold to your portfolios without increasing risk or reducing expected return.Did you try this?
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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 board of governors. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.