New Gold Future Growth

Future criteria checks 4/6

New Gold is forecast to grow earnings and revenue by 70.9% and 12.6% per annum respectively. EPS is expected to grow by 71.2% per annum. Return on equity is forecast to be 5% in 3 years.

Key information

70.9%

Earnings growth rate

71.2%

EPS growth rate

Metals and Mining earnings growth	28.5%
Revenue growth rate	12.6%
Future return on equity	5.0%
Analyst coverage	Low
Last updated	09 Apr 2024

Recent future growth updates

Recent updates

Investors Still Aren't Entirely Convinced By New Gold Inc.'s (TSE:NGD) Revenues Despite 43% Price Jump

Mar 30

New Gold (TSE:NGD) Shareholders Have Enjoyed An Impressive 105% Share Price Gain

Nov 30

Earnings and Revenue Growth Forecasts

TSX:NGD - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,271	303	632	623	1
12/31/2025	976	116	270	443	5
12/31/2024	869	86	59	360	5
12/31/2023	787	-64	22	288	N/A
9/30/2023	750	-54	-25	249	N/A
6/30/2023	700	-55	-71	203	N/A
3/31/2023	631	-91	-94	184	N/A
12/31/2022	604	-67	-102	191	N/A
9/30/2022	644	101	-18	265	N/A
6/30/2022	673	94	-3	265	N/A
3/31/2022	755	116	66	338	N/A
12/31/2021	746	141	76	324	N/A
9/30/2021	742	-31	18	317	N/A
6/30/2021	736	-4	52	354	N/A
3/31/2021	666	-34	24	297	N/A
12/31/2020	643	-79	11	295	N/A
9/30/2020	584	-58	-33	244	N/A
6/30/2020	578	-98	-37	243	N/A
3/31/2020	605	-88	-28	241	N/A
12/31/2019	631	-73	10	264	N/A
9/30/2019	649	-816	88	279	N/A
6/30/2019	628	-793	55	239	N/A
3/31/2019	625	-1,071	58	254	N/A
12/31/2018	605	-1,086	31	245	N/A
9/30/2018	571	-570	32	301	N/A
6/30/2018	517	-542	-43	316	N/A
3/31/2018	412	-217	-154	331	N/A
12/31/2017	389	-158	-212	342	N/A
9/30/2017	406	45	N/A	275	N/A
6/30/2017	428	20	N/A	299	N/A
3/31/2017	493	-3	N/A	298	N/A
12/31/2016	523	-9	N/A	282	N/A
9/30/2016	581	5	N/A	315	N/A
6/30/2016	643	-153	N/A	277	N/A
3/31/2016	699	-132	N/A	254	N/A
12/31/2015	713	-201	N/A	263	N/A
9/30/2015	702	-624	N/A	248	N/A
6/30/2015	694	-526	N/A	255	N/A
3/31/2015	704	-519	N/A	257	N/A
12/31/2014	726	-477	N/A	269	N/A
9/30/2014	736	-300	N/A	299	N/A
6/30/2014	763	-228	N/A	277	N/A
3/31/2014	768	-229	N/A	195	N/A
12/31/2013	780	-191	N/A	172	N/A
9/30/2013	832	187	N/A	178	N/A
6/30/2013	832	193	N/A	189	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NGD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: NGD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NGD is expected to become profitable in the next 3 years.

Revenue vs Market: NGD's revenue (12.6% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: NGD's revenue (12.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NGD's Return on Equity is forecast to be low in 3 years time (5%).

Discover growth companies

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

New Gold Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

New Gold Inc. Provides Consolidated Operating Guidance for the Years 2024, 2025 and 2026

New Gold Inc. Provides Consolidated Production Guidance for the Year 2023

New Gold Inc. Announces Resumption of All Underground Mining Activities At Its New Afton Mine, Located in Kamloops B.C

New Gold Inc. Provides Consolidated Operating Guidance for the Year 2023

New Gold Inc. Reaffirms Production Guidance for the Year 2022

Consensus EPS estimates fall by 275%

Recent updates

New Gold Inc. to Report Q1, 2024 Results on Apr 30, 2024

Investors Still Aren't Entirely Convinced By New Gold Inc.'s (TSE:NGD) Revenues Despite 43% Price Jump

Is New Gold (TSE:NGD) Using Too Much Debt?

Full year 2023 earnings released: US$0.094 loss per share (vs US$0.098 loss in FY 2022)

New Gold Inc. Provides Consolidated Operating Guidance for the Years 2024, 2025 and 2026

New Gold Inc., Annual General Meeting, May 14, 2024

Not Many Are Piling Into New Gold Inc. (TSE:NGD) Just Yet

New Gold Inc. to Report Q4, 2023 Results on Feb 13, 2024

Executive VP & CFO exercised options and sold CA$276k worth of stock

New Gold Inc. Announces CFO Changes, Effective January 2, 2024

New Gold Inc. Announces CFO Changes, Effective January 2, 2024

New Gold Inc. Provides Consolidated Production Guidance for the Year 2023

New Gold Inc. Provides Update on Promising Opportunities for Mine Life Extension at New Afton, with the Potential to Extend the Mine Life Beyond 2030

New Gold Inc. Provides Update on Promising Opportunities for Mine Life Extension at New Afton, with the Potential to Extend the Mine Life Beyond 2030

New Gold Inc. to Report Q3, 2023 Results on Oct 25, 2023

New Gold Inc. Announces New Afton Achieves Significant Milestone with Completion of the First Draw Bell at C-Zone on Time and C-Zone Commercial Production On-Track for Second Half of 2024

New Gold Inc. Announces Resumption of All Underground Mining Activities At Its New Afton Mine, Located in Kamloops B.C

New Gold Inc. Provides New Afton Tailings Storage Facility Update

Second quarter 2023 earnings released: US$0.004 loss per share (vs US$0.056 loss in 2Q 2022)

New Gold Inc. to Report Q2, 2023 Results on Jul 26, 2023

Is New Gold (TSE:NGD) A Risky Investment?

Executive VP & COO recently bought CA$92k worth of stock

Executive VP & COO recently bought CA$97k worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Is New Gold (TSE:NGD) A Risky Investment?

Full year 2022 earnings: EPS misses analyst expectations

New Gold Inc. Provides Consolidated Operating Guidance for the Year 2023

New Gold Inc., Annual General Meeting, May 09, 2023

New Gold Inc. to Report Q4, 2022 Results on Feb 16, 2023

New Gold Announces the Appointment of Patrick Godin as President

Investor sentiment improved over the past week

New Gold Inc. Reaffirms Production Guidance for the Year 2022

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

New Gold Inc. to Report Q3, 2022 Results on Nov 03, 2022

Investor sentiment improved over the past week

New Gold Inc. Provides Rainy River Mine Update

Investor sentiment improved over the past week

New Gold Inc. Provides Detailed Drill Results for the Underground Exploration Program Underway At Its New Afton Mine and Provides an Update on Additional Exploration Activities At Its Operations

Executive VP & CFO recently bought CA$84k worth of stock

New Gold (TSE:NGD) Seems To Be Using A Lot Of Debt

President recently bought CA$104k worth of stock

Consensus EPS estimates fall by 275%

New Gold Inc. Revises Production Guidance for the Year 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improved over the past week

Consensus revenue estimates fall by 12%

New Gold Inc. to Report Q2, 2022 Results on Aug 04, 2022

Investor sentiment deteriorated over the past week

President recently bought CA$165k worth of stock

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

These 4 Measures Indicate That New Gold (TSE:NGD) Is Using Debt Reasonably Well

Consensus forecasts updated

New Gold Inc. to Report Q1, 2022 Results on May 02, 2022

New Gold Files Updated Technical Report For The Rainy River Mine

New Gold Inc Appoints Patrick Godin as Executive Vice President and Chief Operating Officer

Consensus EPS estimates fall by 32%

New Gold's (TSE:NGD) Earnings Are Of Questionable Quality

Analysts Are More Bearish On New Gold Inc. (TSE:NGD) Than They Used To Be

Full year 2021 earnings: EPS exceeds analyst expectations

New Gold Inc. Provides Consolidated Production Guidance for the Year 2022

New Gold Inc., Annual General Meeting, May 03, 2022

Forecast breakeven date pushed back to 2022

Wheaton Precious Metals Corp. (TSX:WPM) completed the acquisition of BLACKWATER GOLD STREAM from New Gold Inc. (TSX:NGD).

Wheaton Precious Metals Corp. (TSX:WPM) entered into a definitive agreement to acquire BLACKWATER GOLD STREAM from New Gold Inc. (TSX:NGD) for $300 million.

Third quarter 2021 earnings released: US$0.017 loss per share (vs US$0.023 profit in 3Q 2020)

Here's Why New Gold (TSE:NGD) Has A Meaningful Debt Burden

President recently bought CA$235k worth of stock

New Gold Inc. Announces Revised Consolidated Guidance for 2021

Second quarter 2021 earnings released: US$0.023 loss per share (vs US$0.067 loss in 2Q 2020)