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 $2.82, down 1.74% from the previous day, and has increased 100% in one year. It has overperformed other stocks in the Gold industry by 0.82 percentage points. New Gold stock is currently +158.72% from its 52-week low of $1.09, and -13.23% from its 52-week high of $3.25.
There are currently 790.9M NGD shares outstanding. The market cap of NGD is $2.23B. In the past 24 hours, 8M 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 — 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.
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 overvalued based on its P/E ratio of 141x, relative to Gold industry P/E ratio of 0.43x
- NGD could be overvalued based on its P/B ratio of 2.24x, relative to Gold industry P/B ratio of 1.84x
You can do additional valuation research on NGD's stock here.
A look at NGD Cashflows and Balance Sheet
Positive Health Checks:
- Total NGD debt is lower than 5 years ago, relative to shareholder equity.
- NGD's operating cash flow of $353.60M allows it to safely service it's debt of $448.90M.
- NGD profit margin has gone up from -7.2% to 2.3% in the past year.
- There are more short-term assets than short-term liabilities on the NGD balance sheet.
Negative Health Checks:
- NGD has a relatively high debt to equity ratio of 0.99.
- NGD earnings of -$2.40M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the NGD balance sheet.
Is it a good time to buy New Gold stock, according to Wall Street analysts?
Out of 2 Wall Street analysts who give forecasts on NGD, the consensus analyst rating on New Gold is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the New Gold stock forecast page.
NGD Technicals
How are NGD Revenues/Earnings doing?
Last year, NGD earnings were $20.10M. In the last 2 year, NGD's earnings have grown by -63.49% per year. This was slower than the Gold industry average of 12.92%.
Last year, NGD revenue was $861.50M. During the past 5 year, NGD's revenue has increased by 5.83% per year. This was slower than the Gold industry average of 13.09%.
You can research NGD's earnings and revenue performance here.
Are NGD insiders buying or selling the stock?
Over the last 12 months, insiders at NGD have not bought or sold any shares.
Learn more about who owns NGD shares 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 highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your NGD trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, place a limit order.
Click the Open button and eToro will execute the order.
If you require more assistance investing in 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 stock purchase.
Put NGD on 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 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 are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in New Gold, click below.
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