New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 52.96% year-on-year.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD 102.60M.%!(EXTRA int=2)
Overvalued
The company’s latest PB is 4.64, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 538.55M shares, decreasing 1.13% quarter-over-quarter.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of 0.07.