Northgold AB (FRA:QY5) 3-Month Share Buyback Ratio : -41.37% (As of Sep. 2024 )

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What is Northgold AB 3-Month Share Buyback Ratio?

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

3-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past three months, calculated as the percentage change in shares outstanding from the previous quarter to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Northgold AB's current 3-Month Share Buyback Ratio was -41.37%.

Competitive Comparison of Northgold AB's 3-Month Share Buyback Ratio

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

Northgold AB's 3-Month Share Buyback Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Northgold AB's 3-Month Share Buyback Ratio falls into.

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Northgold AB 3-Month Share Buyback Ratio Calculation

Northgold AB's 3-Month Share Buyback Ratio for the quarter that ended in Sep. 2024 is calculated as

3-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Jun. 2024 )	-	Shares Outstanding (EOP) (Sep. 2024 ))	/	Shares Outstanding (EOP) (Jun. 2024 )
	=	(16.139	-	22.816)	/	16.139
	=	-41.37%

* 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.

Northgold AB (FRA:QY5) 3-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

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.

Northgold AB 3-Month Share Buyback Ratio Related Terms

Northgold AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northgold AB (FRA:QY5) » Definitions » 3-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

NG:Sweden

Address

Vasagatan 28, Stockholm, SWE, 111 20

Website

https://northgoldab.com

Northgold AB is a gold exploration and development Company with multiple resource-stage projects in the Middle Ostrobothnia Gold Belt of Central Finland, including the Kopsa Gold-Copper project and the Kiimala Trend Gold project.

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