New Found Gold Corp. (NFGC)
(Real Time Quote from BATS)
$2.79 USD
-0.07 (-2.45%)
Updated Jul 23, 2024 10:48 AM ET
2-Buy of 5 2
F Value F Growth A Momentum F VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
NFGC 2.79 -0.07(-2.45%)
Will NFGC be a Portfolio Killer in July?
Zacks Investment Research is releasing its prediction for NFGC based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for NFGC
New Found Gold Corp. (NFGC) Loses -23.16% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
All You Need to Know About New Found Gold Corp. (NFGC) Rating Upgrade to Buy
NFGC: What are Zacks experts saying now?
Zacks Private Portfolio Services
Is New Found Gold Corp. (NFGC) Stock Outpacing Its Basic Materials Peers This Year?
Koppers (KOP) Earnings Beat Estimates, Revenues Lag in Q1
Kronos Worldwide (KRO) Earnings & Sales Top Estimates in Q1
Other News for NFGC
New Found Intercepts Nine New Gold Zones Spanning 3km in Strike, Doubles Known Vertical Extent of Gold Mineralization to 820m Depth at Queensway
New Found Completes Acquisition of Labrador Gold’s Kingsway Project
New Found Commences Surface Trenching at Iceberg
Labrador Gold shareholders approve sale of Kingsway project
NFGC Crosses Critical Technical Indicator