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 $6.92, up 1.59% from the previous day, and has increased 148.41% in one year. It has overperformed other stocks in the Gold industry by 0.91 percentage points. New Gold stock is currently +184.77% from its 52-week low of $2.43, and -10.25% from its 52-week high of $7.71.
There are currently 791.71M NGD shares outstanding. The market cap of NGD is $5.48B. In the past 24 hours, 30.69M NGD shares were traded.
How to Buy New Gold Stock
Wondering how to invest in New Gold stock? Here's how.
- Figure out where to buy New Gold stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide 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 method of payment 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 market research tools can help you decide 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 buy NGD stock at a given price.
- Keep tabs on your NGD position: Create a watchlist to important updates regarding your new investment in New Gold shares.
Step 1: Figure out where to buy New Gold stock
You will need an online brokerage account to access the NYSEMKT market and buy NGD stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Energy, New York to Tokyo (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal details so you can buy NGD today.
How to Set Up 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.
- Enter your personal info to start your new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on app for investing, you can securely and quickly fund your account:
Check out this video walkthrough if you need help transferring money into your new brokerage account.
Step 4: Evaluate New Gold stock
After you have identified the best place to buy New Gold stock, it's important to evaluate their stock prior to investing, so you actually understand the risk as well as the upside.
New Gold stock quick numbers
New Gold Overview
WallStreetZen was created to help everyday investors do better fundamental analysis.
You can view 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 may be undervalued based on its P/E ratio of 20.97x, relative to Gold industry P/E ratio of 25.81x
- NGD could be overvalued based on its P/B ratio of 4.42x, relative to Gold industry P/B ratio of 3.11x
- NGD may be undervalued based on its PEG ratio of 0.37x
You can access more valuation research on NGD's stock here.
NGD Financial Health
Positive Health Checks:
- NGD's operating cash flow of $680.70M allows it to safely service it's debt of $493.50M.
- NGD profit margin has gone up from 2.3% to 20.1% in the past year.
- NGD earnings of $343.40M is not sufficient to cover its interest payments.
- Total NGD debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- NGD has a relatively high debt to equity ratio of 0.91.
- There are more long-term liabilities than short-term assets on the NGD balance sheet.
- There are more short-term liabilities than short-term assets on the NGD balance sheet.
Is it a good time to buy NGD stock, according to analysts?
Out of 2 Equities analysts who give recommendations on NGD, the consensus analyst rating on NGD is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the New Gold stock forecast page.
NGD Technical Indicators
How is NGD performing as a company?
Last year, NGD earnings were $249.30M. Over the past 3 year, NGD's earnings have increased by 106.27% per year. This was faster than the Gold industry average of 21.15%.
Last year, NGD revenue was $1.24B. In the past five year, NGD's revenue has increased by 16.31% per year. This was faster than the Gold industry average of 15.61%.
Learn more about NGD's earnings and revenue performance here.
Who is buying/selling NGD?
Over the past 12 months, insiders at NGD have not bought or sold any shares.
Get more info about who owns NGD stock here.
Does NGD stock generate passive income?
No, New Gold doesn't provide an income stream by paying out dividends.
What do other traders have to say about NGD?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your NGD trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Press the Open button and your broker will place your order.
If you need more info about buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your NGD position
Now that you own some shares in NGD, you'll want to stay up-to-date on your new shares.
Make a watchlist to track the latest developments regarding your NGD stock.
NGD Feed
How to Buy Stock in New Gold
To reiterate, here are the 6 steps for buying New Gold stock:
- 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 brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in New Gold, create a watchlist on WallStreetZen today.
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