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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 $1.88, up 2.17% from the previous day, and has increased 38.24% in one year. It has overperformed other stocks in the Gold industry by 0.42 percentage points. New Gold stock is currently +118.6% from its 52-week low of $0.86, and -6.47% from its 52-week high of $2.01.

There are currently 689.83M NGD shares outstanding. The market cap of NGD is $1.30B. In the past 24 hours, 8.18M NGD shares were traded.

How to Buy New Gold Stock

Wondering how to invest in New Gold stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Pick your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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 Account
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Step 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

  1. 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.
  2. Enter your personal info to start your new brokerage account.
  1. Submit your info by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

NGD Price
$1.88
1w %
-4.57%
1y %
38.24%
5y %
137.37%
P/E
-18.8x
P/B
1.76x
P/S
1.66x
PEG
N/A
Revenue
$777.00M
Earnings
-$76.20M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$1.30B
Next Earnings
N/A
Next Dividend
N/A

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/B ratio of 1.76x, relative to Gold industry P/B ratio of 1.84x

You can access more valuation analysis on NGD's stock here.

A look at NGD Cashflows and Balance Sheet

Positive Health Checks:

  • There are more short-term assets than short-term liabilities on the NGD balance sheet.
  • NGD's operating cash flow of $281.80M allows it to safely service it's debt of $398.50M.
  • NGD profit margin has gone up from -14.4% to -9.8% in the past year.

Negative Health Checks:

  • NGD earnings of -$56.70M is not sufficient to cover its interest payments.
  • Total NGD debt is higher than 5 years ago, relative to shareholder equity.
  • NGD has a relatively high debt to equity ratio of 2.07.
  • There are more long-term liabilities than short-term assets on the NGD balance sheet.

Is New Gold stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 1 Wall Street analysts who monitor NGD, the consensus analyst rating on New Gold is a Hold

It's important to note that analyst forecasts are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are saying on the New Gold stock forecast page.

NGD Momentum

SMA10
1.87
SMA20
1.83
SMA50
1.75
SMA100
1.52
SMA200
1.33
MACD
0.04
MACD Signal
0.05
MACD Histogram
-0.01
RSI
56.21
Stochastic %K
44.49
Stochastic %D
49.79
StochRSI %K
14.29
StochRSI %D
20.21

Is NGD Making Money?

Last year, NGD revenue was $777.00M. In the past five year, NGD's revenue has grown by 4.45% per year. This was slower than the Gold industry average of 14.09%.

Learn more about NGD's earnings and revenue performance here.

Are NGD executives and large shareholders buying or selling the stock?

Over the last 12 months, executives and large shareholders at NGD have not bought or sold any shares.

Get more info 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 primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other traders have to say.

Step 5: Make your NGD trade

You have two main options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order allows you 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 given price limit, place a limit order.

Click the Open Trade button and eToro will execute the order.

If you need additional info about buying stocks on eToro, watch the how to video below:

Open eToro Account

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 investment.

Start a watchlist to track your NGD stock.

NGD Feed

How to Buy Stock in New Gold

To reiterate, here are the 6 steps for buying New Gold stock:

  1. Figure out where to buy New Gold stock
  2. Open a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate New Gold stock
  5. Make your NGD trade
  6. Keep tabs on your NGD position

If you need a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep track of your new investment in New Gold, hit the button below to create your watchlist.

NYSEMKT: NGD
$1.88+0.04 (+2.17%)
Updated May 16, 2024
Open eToro Account
NYSEMKT: NGD
$1.88+0.04 (+2.17%)
Updated May 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one New Gold share?

As of May 16, 2024, it costs $1.88 to buy one share of New Gold stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.94, you can buy 0.5 shares of NGD.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy New Gold stock?

According to 1 Wall Street analysts who monitor New Gold, their consensus recommendation is to hold New Gold stock.

What is the best way to buy New Gold stock?

One way to place an order for New Gold stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.