Please make use of analysis of New Gold fundamentals to determine if markets are correctly pricing the entity. We were able to break down thirty-six available fundamentals for New Gold, which can be compared to its peers in the industry. The stock experiences a normal downward trend and little activity. Check odds of New Gold to be traded at C$4.73 in 90 days. Key indicators impacting New Gold's financial strength include:
New Gold competes with IAMGold, Eldorado Gold, Alamos Gold, NovaGold Resources, and Centerra Gold. 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.
You should never invest in New Gold without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of New Stock, because this is throwing your money away. Analyzing the key information contained in New Gold's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
New Gold Key Financial Ratios
New Gold's financial ratios allow both analysts and investors to convert raw data from New Gold's financial statements into concise, actionable information that can be used to evaluate the performance of New Gold over time and compare it to other companies across industries.
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 regarded second in return on equity category among its peers. It is regarded fourth in return on asset category among its peers reporting about 0.46 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for New Gold is roughly 2.15 . At this time, New Gold's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value New Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
New Gold Systematic Risk
New Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New Gold volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on New Gold correlated with the market. If Beta is less than 0 New Gold generally moves in the opposite direction as compared to the market. If New Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New Gold is generally in the same direction as the market. If Beta > 1 New Gold moves generally in the same direction as, but more than the movement of the benchmark.
New Gold Total Assets Over Time
Today, most investors in New Gold Stock are looking for potential investment opportunities by analyzing not only static indicators but also various New Gold's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of New Gold growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of New Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New Gold. We use our internally-developed statistical techniques to arrive at the intrinsic value of New Gold based on widely used predictive technical indicators. In general, we focus on analyzing New Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New Gold's daily price indicators and compare them against related drivers.
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 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.