New Found Gold Stock Shares Outstanding
| NFG Stock | CAD 2.38 0.12 5.31% |
New Found Gold fundamentals help investors to digest information that contributes to New Found's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Found's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Found stock.
Common Stock Shares Outstanding is likely to drop to about 179.1 M in 2024. New | Shares Outstanding |
New Found Gold Company Shares Outstanding Analysis
New Found's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current New Found Shares Outstanding | 198.91 M |
Most of New Found's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Found Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
New Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for New Found is extremely important. It helps to project a fair market value of New Stock properly, considering its historical fundamentals such as Shares Outstanding. Since New Found's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of New Found's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of New Found's interrelated accounts and indicators.
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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New Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, New Found Gold has 198.91 M of shares currently outstending. This is 67.62% lower than that of the Metals & Mining sector and 44.78% lower than that of the Materials industry. The shares outstanding for all Canada stocks is 65.21% higher than that of the company.
New Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Found's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Found could also be used in its relative valuation, which is a method of valuing New Found by comparing valuation metrics of similar companies.New Found is currently under evaluation in shares outstanding category among its peers.
New Found Current Valuation Drivers
We derive many important indicators used in calculating different scores of New Found from analyzing New Found's financial statements. These drivers represent accounts that assess New Found's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of New Found's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Enterprise Value | 55.1M | 410.8M | 1.3B | 827.4M | 744.6M | 423.4M |
New Fundamentals
| Return On Equity | -1.1 | ||||
| Return On Asset | -0.66 | ||||
| Current Valuation | 432.9 M | ||||
| Shares Outstanding | 198.91 M | ||||
| Shares Owned By Insiders | 44.04 % | ||||
| Shares Owned By Institutions | 4.82 % | ||||
| Number Of Shares Shorted | 1.22 M | ||||
| Price To Book | 6.00 X | ||||
| EBITDA | (79.44 M) | ||||
| Net Income | (79.89 M) | ||||
| Cash And Equivalents | 62.91 M | ||||
| Cash Per Share | 0.37 X | ||||
| Total Debt | 19.08 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 4.02 X | ||||
| Book Value Per Share | 0.35 X | ||||
| Cash Flow From Operations | (99.27 M) | ||||
| Short Ratio | 5.22 X | ||||
| Earnings Per Share | (0.30) X | ||||
| Target Price | 9.0 | ||||
| Number Of Employees | 98 | ||||
| Beta | 0.54 | ||||
| Market Capitalization | 473.4 M | ||||
| Total Asset | 84.58 M | ||||
| Retained Earnings | (259.5 M) | ||||
| Working Capital | 43.37 M | ||||
| Net Asset | 84.58 M |
About New Found Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Found Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Found using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Found Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for New Stock Analysis
When running New Found's price analysis, check to measure New Found's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Found is operating at the current time. Most of New Found's value examination focuses on studying past and present price action to predict the probability of New Found's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Found's price. Additionally, you may evaluate how the addition of New Found to your portfolios can decrease your overall portfolio volatility.