Ian Pearce - New Gold Non-Executive Independent Chairman of the Board
| NGD Stock | CAD 4.77 0.06 1.24% |
Chairman
Mr. Ian Wilton Pearce is NonExecutive Independent Chairman of the Board of the Company. Mr. Pearce is the Chair of the Board of New Gold. Mr. Pearce has over 35 years of experience in the mining industry. From 1993 to 2003, Mr. Pearce held progressively more senior engineering and project management roles with Fluor Inc., including managing numerous significant development projects in the extractive sector. From 2003 to 2006, Mr. Pearce held executive roles at Falconbridge Limited, including Chief Operating Officer, and he subsequently served as Chief Executive Officer of Xstrata Nickel, a subsidiary of Xstrata plc, from 2006 to 2013. From 2013 to 2017, Mr. Pearce was a partner of X2 Resources, a private partnership focused on building a midtier diversified mining and metals group. Mr. Pearce currently serves as the Chair of the Board of MineSense Technologies Ltd., a technology company seeking to improve the ore extraction and recovery process, and a director of KoBold Metals, a company that deploys digital tools to discover new cobalt deposits, as well as a director of Outotec Oyj. He also recently served as the Chair of the Board of Nevsun Resources Ltd. up to its acquisition by Zijin Mining Group Co. Ltd. in December 2018. He holds a Higher National Diploma in Engineering and a BS degree from the University of the Witwatersrand in South Africa. Mr. Pearces principal occupation is as a corporate director. since 2017.
| Age | 62 |
| Tenure | 8 years |
| Address | Brookfield Place, Toronto, ON, Canada, M5J 2T3 |
| Phone | 416 324 6000 |
| Web | https://www.newgold.com |
New Gold Management Efficiency
The company has return on total asset (ROA) of 0.0518 % which means that it generated a profit of $0.0518 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1114 %, meaning that it generated $0.1114 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 21st of March 2025, Return On Tangible Assets is likely to grow to 0.05. Also, Return On Capital Employed is likely to grow to 0.11. At this time, New Gold's Return On Assets are very stable compared to the past year. As of the 21st of March 2025, Asset Turnover is likely to grow to 0.48, while Total Assets are likely to drop about 2 B.Similar Executives
| Found 5 records | CHAIRMAN Age | ||
| Bruce Walter | Centerra Gold | 61 | |
| Michael Parrett | Centerra Gold | 67 | |
| Stephen Lang | Centerra Gold | 63 | |
| Thomas Kaplan | NovaGold Resources | 56 | |
| Paul Murphy | Alamos Gold | 68 | |
Management Performance
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0518 |
New Gold Leadership Team
Elected by the shareholders, the New Gold's board of directors comprises two types of representatives: New Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New Gold's management team and ensure that shareholders' interests are well served. New Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eric Vinet, Vice President, General Manager - Rainy River | ||
| Keith Murphy, Executive CFO | ||
| Dan Sharkey, Vice Resources | ||
| Gillian Davidson, Non-Executive Independent Director | ||
| Ankit Shah, Vice President - Strategy and Business Development | ||
| Ankit CPA, Executive Development | ||
| JeanFrancois Ravenelle, Vice Geology | ||
| Brandon Throop, Director Relations | ||
| Margaret Mulligan, Non-Executive Independent Director | ||
| Paul Melling, Treasurer | ||
| Renaud Adams, President, Chief Executive Officer, Director | ||
| Anne Day, Vice President - Investor Relations | ||
| Andrew PEng, Director Services | ||
| Jeff LaMarsh, General Afton | ||
| Shauntese Constantinoff, External Advisor | ||
| Marilyn Schonberner, Non-Executive Independent Director | ||
| Robert Chausse, Chief Financial Officer, Executive Vice President | ||
| Asc BSc, Pres CEO | ||
| Sean Keating, Vice President General Counsel, Corporate Secretary | ||
| Sharon Giraudel, Head Resources | ||
| James Gowans, Non-Executive Independent Director | ||
| Bethany Borody, Vice Sustainability | ||
| Gord Simms, General River | ||
| John Ritter, Gen Afton | ||
| Nicholas Chirekos, Non-Executive Independent Director | ||
| Ian Pearce, Non-Executive Independent Chairman of the Board | ||
| Yohann Bouchard, Executive COO | ||
| Luke Buchanan, Vice Services |
New Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is New Gold a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0518 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.29 % | ||||
| Current Valuation | 4.24 B | ||||
| Shares Outstanding | 791.3 M | ||||
| Shares Owned By Insiders | 3.75 % | ||||
| Shares Owned By Institutions | 62.42 % | ||||
| Number Of Shares Shorted | 18.61 M | ||||
| Price To Earning | 24.85 X |
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
Moving against New Stock
| 0.78 | AAPL | Apple Inc CDR | PairCorr |
| 0.62 | IE | Ivanhoe Energy | PairCorr |
| 0.53 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.53 | NVDA | NVIDIA 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 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.