New Gold (New Gold) Buyback Yield % : -0.40 (As of Apr. 30, 2024)

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What is New Gold Buyback Yield %?

Buyback yield is the net repurchase of shares outstanding over the market capital of the company. It is a measure of shareholder return.

New Gold's current buyback yield was -0.40%.

New Gold Buyback Yield % Historical Data

The historical data trend for New Gold's Buyback Yield % 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.

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New Gold Buyback Yield % Chart

New Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Buyback Yield %

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-17.94

-0.68

-0.02

-0.13

-0.51

New Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Buyback Yield %	Get a 7-Day Free Trial															-	-	-0.81	-0.06	-1.40

Competitive Comparison of New Gold's Buyback Yield %

For the Gold subindustry, New Gold's Buyback Yield %, along with its competitors' market caps and Buyback Yield % 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 Gold's Buyback Yield % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Gold's Buyback Yield % falls into.

New Gold Buyback Yield % Calculation

Buyback yield is a measure of shareholder return.

New Gold's Buyback Yield for the fiscal year that ended in Dec. 2023 is calculated as

Buyback Yield	=	Net Issuance of Stock			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	/	Market Cap
	=	- (0	+	5.1)	/	1003.02876
	=	-0.51%

New Gold's annualized Buyback Yield for the quarter that ended in Dec. 2023 is calculated as

Buyback Yield	=	Net Issuance of Stock		(Annualized)			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	*	Annualized Factor	/	Market Cap
	=	- (0	+	3.5)	*	4	/	1003.02876
	=	-1.40%

In calculating the annualized quarterly data, the Repurchase of Stock and Issuance of Stock data used here is four times the quarterly (Dec. 2023) data.

New Gold Buyback Yield % Related Terms

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New Gold (New Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Gold Inc (AMEX:NGD) » Definitions » Buyback Yield %

Comparable Companies

Traded in Other Exchanges

32N:Germany 32N:Germany NGD:Canada

Address

181 Bay Street, Suite 3320, Toronto, ON, CAN, M5J 2T3

Website

https://www.newgold.com

New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.