James Gowans - New Gold Non-Executive Independent Director
| NGD Stock | CAD 4.62 0.15 3.14% |
Director
Mr. James K. Gowans is Independent Director of the Company. He has more than 30 years of experience in mineral exploration, mine feasibility studies, mine construction and commissioning and the development of best practices in mine safety, operations and economic performance improvement. From January 2016 to August 2018, he was the President and Chief Executive Officer of Arizona Mining Inc. Previously, he was with Barrick Gold Corporation as Senior Advisor to the Chairman from August to December 2015, CoPresident from July 2014 to August 2015, and Executive Vice President and Chief Operating Officer from January to July 2014. From 2011 to 2014, Mr. Gowans was the Managing Director of Debswana Diamond Company Ltd., and prior to that he held executive positions at various companies including De Beers SA, De Beers Canada Inc., PT Inco Indonesia tbk and Placer Dome Inc. Mr. Gowans previously served as the President of the Canadian Institute of Mining, Metallurgy and Petroleum, the Chair of the Board of the Mining Association of Canada, and a director of the Conference Board of Canada. He currently serves on the boards of directors of Cameco Ltd. and Titan Mining Corporationrationration, as well as Gedex Technologies Inc., an innovative geophysics systems company. Mr. Gowans is a Professional Engineer, holds a Bachelor of Applied Science degree in mineral engineering from the University of British Columbia, and attended the Banff School of Advanced Management. Mr. Gowans principal occupation is as a corporate director. since 2018.
| Age | 67 |
| Tenure | 7 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 22nd 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 22nd of March 2025, Asset Turnover is likely to grow to 0.48, while Total Assets are likely to drop about 2 B.Similar Executives
| Showing other executives | DIRECTOR Age | ||
| Anthony Walsh | NovaGold Resources | 66 | |
| Ronald Smith | Alamos Gold | 68 | |
| Igor Levental | NovaGold Resources | 63 | |
| Richard Connor | Centerra Gold | 69 | |
| Susan Yurkovich | Centerra Gold | 53 | |
| LucBernard Ing | IAMGold | N/A | |
| David Gower | Alamos Gold | 60 | |
| David Fleck | Alamos Gold | 59 | |
| Jacques Perron | Centerra Gold | 57 | |
| Clynton Nauman | NovaGold Resources | 70 | |
| Askar Oskombaev | Centerra Gold | 40 | |
| Kenneth Stowe | Alamos Gold | 67 | |
| Sharon Dowdall | NovaGold Resources | 66 | |
| Sheryl Pressler | Centerra Gold | 68 | |
| Lars PGeo | Centerra Gold | N/A | |
| Diane Garrett | NovaGold Resources | 59 | |
| Ethan Schutt | NovaGold Resources | 45 | |
| Claire Kennedy | Alamos Gold | 52 | |
| Maksat Kobonbaev | Centerra Gold | 40 | |
| Kalidas Madhavpeddi | NovaGold Resources | 63 | |
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
| 0.8 | AAPL | Apple Inc CDR | PairCorr |
| 0.63 | IE | Ivanhoe Energy | PairCorr |
| 0.56 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.54 | NVDA | NVIDIA CDR | PairCorr |
| 0.31 | GOOG | Alphabet 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.