New Gold Inc.

New Gold Inc.verified

NGD

Price:

$2.515

Market Cap:

$1.99B

New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada. It also operates the Cerro San Pedro mine in San Luis Potosí, Mexico. The company was incorporated in 1980 and is headquartered in Toronto, Canada.[Read more]

Industry

Gold

IPO Date

2004-11-18

Stock Exchange

AMEX

Ticker

NGD

The Current Ratio as of December 2024 (TTM) for New Gold Inc. (NGD) is 1.42

According to New Gold Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.42. This represents a change of -4.73% compared to the average of 1.49 of the last 4 quarters.

New Gold Inc. (NGD) Historical Current Ratio (quarterly & annually)

How has NGD Current Ratio performed in the past?

The mean historical Current Ratio of New Gold Inc. over the last ten years is 2.93. The current 1.42 Current Ratio has changed 4.74% with respect to the historical average. Over the past ten years (40 quarters), NGD's Current Ratio was at its highest in in the December 2014 quarter at 6.38. The Current Ratio was at its lowest in in the December 2019 quarter at 1.33.

Quarterly (TTM)
Annual

Average

2.93

Median

2.42

Minimum

1.33

Maximum

6.38

New Gold Inc. (NGD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of New Gold Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 98.35%

Maximum Annual Current Ratio = 6.38

Minimum Annual Increase = -44.45%

Minimum Annual Current Ratio = 1.33

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.54-30.33%
20222.21-44.45%
20213.9750.41%
20202.6498.35%
20191.33-40.03%
20182.22-11.65%
20172.517.53%
20162.34-44.03%
20154.17-34.61%
20146.38-12.52%

New Gold Inc. (NGD) Average Current Ratio

How has NGD Current Ratio performed in the past?

The current Current Ratio of New Gold Inc. (NGD) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.57

5-year avg

2.34

10-year avg

2.93

New Gold Inc. (NGD) Current Ratio vs. Peers

How is NGD’s Current Ratio compared to its peers?

New Gold Inc.’s Current Ratio is less than Eldorado Gold Corporation (3.20), less than Kinross Gold Corporation (1.61), greater than Harmony Gold Mining Company Limited (1.12), greater than Coeur Mining, Inc. (1.09), less than Fortuna Silver Mines Inc. (0), less than Pan American Silver Corp. (1.94), less than IAMGOLD Corporation (2.06), greater than Fortitude Gold Corporation (0.89), less than Galiano Gold Inc. (11.62), less than GoldMining Inc. (1.97), less than Agnico Eagle Mines Limited (4.19), less than Osisko Gold Royalties Ltd (1.75), less than Gold Fields Limited (4.40), less than AngloGold Ashanti Limited (1.77), less than Sandstorm Gold Ltd. (1.93), less than null (2.29),

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