NULGF (NuLegacy Gold) 3-Year Share Buyback Ratio : -2.60% (As of Dec. 2024)

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What is NuLegacy Gold 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. NuLegacy Gold's current 3-Year Share Buyback Ratio was -2.60%.

The historical rank and industry rank for NuLegacy Gold's 3-Year Share Buyback Ratio or its related term are showing as below:

NULGF' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -40.4 Med: -26.1 Max: -2.6
Current: -2.6

During the past 13 years, NuLegacy Gold's highest 3-Year Share Buyback Ratio was -2.60%. The lowest was -40.40%. And the median was -26.10%.

NULGF's 3-Year Share Buyback Ratio is ranked better than
85.01% of 2021 companies
in the Metals & Mining industry
Industry Median: -14.7 vs NULGF: -2.60

Competitive Comparison of NuLegacy Gold's 3-Year Share Buyback Ratio

For the Gold subindustry, NuLegacy Gold's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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.

NuLegacy Gold's 3-Year Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, NuLegacy Gold's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where NuLegacy Gold's 3-Year Share Buyback Ratio falls into.

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NuLegacy Gold 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

NuLegacy Gold (OTCPK:NULGF) 3-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

NuLegacy Gold 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of NuLegacy Gold's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

NuLegacy Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NuLegacy Gold Corp (OTCPK:NULGF) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

7NU:Germany NUG:Canada

Address

1166 Alberni Street, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.nulegacygold.com

NuLegacy Gold Corp is an exploration company. It is engaged in the business of exploration, development, and extraction of gold and other precious metals. The company mainly operates its business activities from Nevada through its Red Hill property which is located on trend and adjacent to the three multi-million ounces Carlin-type gold deposits (the Pipeline, Cortez Hills, and Goldrush deposits) that are amongst Barrick Gold mines.