How to Buy New Gold Stock
New Gold Inc
New Gold Inc. is engaged in the operation, development and exploration of mineral properties. The company is headquartered in Toronto, Ontario and currently employs 1,267 full-time employees.
New Gold stock last closed at $4.26, up 1.67% from the previous day, and has increased 85.22% in one year. It has overperformed other stocks in the Gold industry by 0.5 percentage points. New Gold stock is currently +119.59% from its 52-week low of $1.94, and -17.44% from its 52-week high of $5.16.
At the moment, there are 791.7M shares of NGD outstanding. The market value of NGD is $3.37B. In the last 24 hours, 12.92M NGD shares were traded.
How to Buy New Gold Stock
Not sure how to invest in New Gold stock? Here's how.
- Figure out where to buy New Gold stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy New Gold stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Evaluate New Gold stock: The New Gold ticker symbol is NGD. Is New Gold stock a good investment? Should you buy shares of NGD? How do NGD's underlying business fundamentals look? Do top analysts think New Gold is a good buy? Why has NGD's stock price moved recently? (Hint: Our stock research website can help you evaluate if NGD is a good stock to buy).
- Make your NGD trade: Decide if you will purchase NGD shares at the current market price or use a limit order to purchase NGD stock at a particular price.
- Keep tabs on your NGD position: Create a watchlist to keep tabs on your investment in New Gold shares.
Step 1: Figure out where to buy New Gold stock
You will need a brokerage account to access the NYSEMKT market and buy NGD shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global financial markets: From Technology to Real Estate, New York to Tokyo (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you can buy NGD stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on the best stock app, your next step is to transfer the money for your investment:
Watch the tutorial below for more details depositing funds into your new investment account.
Step 4: Evaluate New Gold stock
Once you have identified the best place to buy New Gold stock, it's absolutely critical to analyze their stock prior to buying, so you can wrap your head around the risk and upside.
New Gold stock quick numbers
NGD Fundamentals
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on NGD's stock page.
How is NGD stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge NGD's true value.
Using relative valuations measures:
- NGD could be undervalued based on its P/E ratio of 21.3x, relative to Gold industry P/E ratio of 35.49x
- NGD may be overvalued based on its P/B ratio of 3.06x, relative to Gold industry P/B ratio of 2.46x
- NGD could be undervalued based on its PEG ratio of 0.39x
You can do more valuation research on NGD's stock here.
NGD Financial Health Overview
Positive Health Checks:
- NGD profit margin has gone up from -2.5% to 14% in the past year.
- NGD has cash burn of 77200000. It has sufficient cash and short-term investments to cover this for at least one year.
- NGD has $233.00M in cash and short term investments. This is sufficient to cover its annual cash burn of $77.20M.
- Total NGD debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- There are more short-term liabilities than short-term assets on the NGD balance sheet.
- There are more long-term liabilities than short-term assets on the NGD balance sheet.
- NGD has a relatively high debt to equity ratio of 1.24.
Is New Gold stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Equities analysts who track NGD, the consensus analyst rating on NGD is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the New Gold stock forecast page.
NGD Technical Indicators
NGD Revenue
Last year, NGD earnings were $144.90M. In the past three year, NGD's earnings have grown by 75.39% per year. This was faster than the Gold industry average of 17.16%.
Last year, NGD revenue was $1.03B. In the last five year, NGD's revenue has grown by 12.27% per year. This was slower than the Gold industry average of 16.16%.
Find out more about NGD's earnings and revenue performance here.
Latest Insiders Trades at NGD
In the past 12 months, insiders at NGD have not bought or sold any shares.
Research more about who owns NGD stock here.
Does NGD provide a stable income stream?
No, New Gold doesn't provide an income stream by paying out dividends.
What others are saying about NGD
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your NGD trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Press the Open Trade button and eToro will execute your order.
If you require additional help buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your NGD position
Now that you own some NGD shares, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to monitor your NGD stock.
NGD Feed
How to Buy Stock in New Gold
To reiterate, here are the 6 steps you need to take to buy New Gold stock right now:
- Figure out where to buy New Gold stock
- Open a brokerage account
- Put funds into your brokerage account
- Evaluate New Gold stock
- Make your NGD trade
- Keep tabs on your NGD position
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your investment in New Gold, create a watchlist today.
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