New Gold Inc.

TSX:NGD Stock Report

Market Cap: CA$2.8b

New Gold Management

Management criteria checks 2/4

New Gold's CEO is Pat Godin, appointed in Nov 2022, has a tenure of 2.08 years. total yearly compensation is $3.10M, comprised of 17.1% salary and 82.9% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth CA$405.45K. The average tenure of the management team and the board of directors is 1.7 years and 4.6 years respectively.

Key information

Pat Godin

Chief executive officer

US$3.1m

Total compensation

CEO salary percentage17.1%
CEO tenure2.1yrs
CEO ownership0.01%
Management average tenure1.7yrs
Board average tenure4.6yrs

Recent management updates

Recent updates

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

Nov 26
Is New Gold (TSE:NGD) A Risky Investment?

New Gold's (TSE:NGD) Shareholders Should Assess Earnings With Caution

Nov 05
New Gold's (TSE:NGD) Shareholders Should Assess Earnings With Caution

Potential Upside For New Gold Inc. (TSE:NGD) Not Without Risk

Jul 04
Potential Upside For New Gold Inc. (TSE:NGD) Not Without Risk

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

Mar 30
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?

Mar 12
Is New Gold (TSE:NGD) Using Too Much Debt?

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

Jan 19
Not Many Are Piling Into New Gold Inc. (TSE:NGD) Just Yet

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

Jul 12
Is New Gold (TSE:NGD) A Risky Investment?

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

Mar 02
Is New Gold (TSE:NGD) A Risky Investment?

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

Aug 20
New Gold (TSE:NGD) Seems To Be Using A Lot Of Debt

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

Apr 25
These 4 Measures Indicate That New Gold (TSE:NGD) Is Using Debt Reasonably Well

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

Mar 02
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

Feb 28
Analysts Are More Bearish On New Gold Inc. (TSE:NGD) Than They Used To Be

CEO Compensation Analysis

How has Pat Godin's remuneration changed compared to New Gold's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$20m

Jun 30 2024n/an/a

-US$20m

Mar 31 2024n/an/a

-US$76m

Dec 31 2023US$3mUS$528k

-US$64m

Sep 30 2023n/an/a

-US$54m

Jun 30 2023n/an/a

-US$55m

Mar 31 2023n/an/a

-US$91m

Dec 31 2022US$2mUS$281k

-US$67m

Compensation vs Market: Pat's total compensation ($USD3.10M) is above average for companies of similar size in the Canadian market ($USD2.10M).

Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.

CEO

Pat Godin (55 yo)

2.1yrs

Tenure

US$3,096,459

Compensation

Mr. Patrick Godin, also known as Pat, B.Sc., P.Eng., M. Eng., Asc., Eng., served as the Vice President and Chief Operating Officer at Pretium Resources Incorporated since August 1, 2020. He serves as Chief...

Leadership Team

NamePositionTenureCompensationOwnership
Patrick Godin
CEO, President & Director2.1yrsUS$3.10m0.014%
CA$ 405.4k
Yohann Bouchard
Executive VP & COO1.7yrsUS$1.40m0.033%
CA$ 941.9k
Sean Keating
VP, General Counsel & Corporate Secretary5.1yrsUS$891.81k0.014%
CA$ 395.5k
Ankit Shah
Executive Vice President of Strategy & Business Developmentno dataUS$1.12m0.015%
CA$ 418.5k
Keith Murphy
Executive VP & CFO1.7yrsno data0.0059%
CA$ 166.8k
Luke Buchanan
Vice President of Technical Servicesno datano datano data
Brandon Throop
Director of Investor Relationsno datano datano data
Dan Sharkey
Vice President of Human Resourcesless than a yearno datano data
Jean-Francois Ravenelle
Vice President of Geology1.7yrsno datano data
Paul Melling
Treasurerless than a yearno datano data
Jeff LaMarsh
General Manager of New Aftonno datano datano data
Gord Simms
General Manager of Rainy Riverno datano datano data

1.7yrs

Average Tenure

Experienced Management: NGD's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Patrick Godin
CEO, President & Director22.1yrsUS$3.10m0.014%
CA$ 405.4k
Richard O'Brien
Independent Chairman of the Boardless than a yearno datano data
Ross Bhappu
Independent Directorless than a yearno datano data
Thomas McCulley
Independent Director3.6yrsUS$150.95kno data
Margaret Mulligan
Independent Director6.7yrsUS$169.82kno data
Christian Milau
Independent Directorless than a yearno data0.0025%
CA$ 70.9k
Marilyn Schonberner
Independent Director7.5yrsUS$177.36kno data
Gillian Davidson
Independent Director6.7yrsUS$165.10kno data
Nicholas Chirekos
Independent Director5.6yrsUS$162.27kno data
Sophie Bergeron
Independent Directorless than a yearno datano data

4.6yrs

Average Tenure

59.5yo

Average Age

Experienced Board: NGD's board of directors are considered experienced (4.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 08:55
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

New Gold Inc. is covered by 29 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Farooq HamedBarclays
Brian QuastBMO Capital Markets Equity Research
Harmen PuriBofA Global Research