New Gold Stock Analysis

New Stock Analysis Notes

About 64.0% 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 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. To find out more about New Gold contact Renaud Adams at 416 324 6000 or learn more at https://www.newgold.com.

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New Gold Environmental, Social, and Governance (ESG) Scores

New Gold Thematic Classifications

New Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 2.25 B.

New Profitablity

The company has Net Profit Margin of 0.02 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.26 %, which entails that for every 100 dollars of revenue, it generated $0.26 of operating income.

Management Efficiency

New Gold has Return on Asset of 0.0297 % which means that on every $100 spent on assets, it made $0.0297 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0214 %, implying that it generated $0.0214 on every 100 dollars invested. 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. The current year's Return On Capital Employed is expected to grow to 0.03, whereas Return On Tangible Assets are forecasted to decline to (0.03). At present, New Gold's Intangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 0.44, whereas Non Current Assets Total are forecasted to decline to about 1.7 B.

Technical Drivers

As of the 26th of November, New Gold secures the Mean Deviation of 2.38, downside deviation of 2.99, and Risk Adjusted Performance of 0.0465. 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. Please verify New Gold value at risk, as well as the relationship between the semi variance and kurtosis to decide if New Gold is priced some-what accurately, providing market reflects its recent price of 2.66 per share. Please also check out New Gold total risk alpha, which is currently at (0.34) to check the company can sustain itself at a future point.

New Gold Price Movement Analysis

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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.

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.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. New analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. New analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

New Gold stock analysis indicators help investors evaluate how New Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading New Gold shares will generate the highest return on investment. By understating and applying New Gold stock analysis, traders can identify New Gold position entry and exit signals to maximize returns.

When running New Gold's price analysis, check to measure New Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.