New Murchison Gold (ASX:NMG) Beta: 0.2945 (As of Jun. 25, 2026)


What is New Murchison Gold Beta?

New Murchison Gold ASX:NMG -4.55% Beta is 0.2945 as of Jun. 25, 2026. The stock has 2 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-25), New Murchison Gold's Beta is 0.2945.

New Murchison Gold  (ASX:NMG) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

New Murchison Gold Beta Related Terms

New Murchison Gold Beta Historical Data

* Premium members only.

The historical data trend for New Murchison Gold's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

New Murchison Gold Beta Chart

New Murchison Gold Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.68 1.89 -0.01 0.63 -1.41

New Murchison Gold Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.63 0.66 -1.41 0.38

New Murchison Gold Beta Competitor Comparison

For the Other Industrial Metals & Mining subindustry, New Murchison Gold's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Murchison Gold Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, New Murchison Gold's Beta distribution charts can be found below:

* The bar in red indicates where New Murchison Gold's Beta falls into.


New Murchison Gold Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Frequently Asked Questions Learn more about Beta →
What does a Beta of 0.2945 mean?
New Murchison Gold (ASX:NMG) has a Beta of 0.2945 as of Jun. 25, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for New Murchison Gold and its competitors.
Is New Murchison Gold's Beta too high?
New Murchison Gold's current Beta is 0.2945.
How does New Murchison Gold's Beta compare to competitors?
New Murchison Gold's Beta of 0.2945 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Metals & Mining company?
A good Beta depends on the Metals & Mining industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for New Murchison Gold and its competitors. New Murchison Gold's current Beta is 0.2945. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Murchison Gold stock overvalued right now?
New Murchison Gold (ASX:NMG) has a current Beta of 0.2945. The current Beta is 0.2945. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For New Murchison Gold (ASX:NMG), the current Beta is 0.2945 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Murchison Gold Business Description

Other Exchanges TLXPF:USATJ30:Germany
Address 5 Ord Street, Level 2, Suite 8, West Perth, WA, AUS, 6005
New Murchison Gold Ltd Formerly Ora Gold Ltd is engaged in the mineral exploration industry in Australia. The company projects include Garden Gully; Red Bore and Keller Creek in Western Australia. The Garden Gully Gold Project represents an excellent opportunity for the discovery of a new gold camp in a region that has an established track record of hosting such occurrences.