NGD Stock Overview
New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties.
New Gold Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$1.54|
|52 Week High||CA$2.57|
|52 Week Low||CA$1.29|
|1 Month Change||-9.94%|
|3 Month Change||-33.62%|
|1 Year Change||-31.25%|
|3 Year Change||21.26%|
|5 Year Change||-62.62%|
|Change since IPO||-80.85%|
Recent News & Updates
These 4 Measures Indicate That New Gold (TSE:NGD) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|NGD||CA Metals and Mining||CA Market|
Return vs Industry: NGD underperformed the Canadian Metals and Mining industry which returned -14.9% over the past year.
Return vs Market: NGD underperformed the Canadian Market which returned -5.7% over the past year.
|NGD Average Weekly Movement||8.5%|
|Metals and Mining Industry Average Movement||10.8%|
|Market Average Movement||9.9%|
|10% most volatile stocks in CA Market||17.2%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: NGD is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: NGD's weekly volatility (8%) has been stable over the past year.
About the Company
New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada.
New Gold Fundamentals Summary
|NGD fundamental statistics|
Is NGD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NGD income statement (TTM)|
|Cost of Revenue||US$379.40m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.17|
|Net Profit Margin||15.58%|
How did NGD perform over the long term?See historical performance and comparison
Is NGD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NGD?
Other financial metrics that can be useful for relative valuation.
|What is NGD's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NGD's PE Ratio compare to its peers?
|NGD PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: NGD is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (14.2x).
Price to Earnings Ratio vs Industry
How does NGD's PE Ratio compare vs other companies in the Canadian Metals and Mining Industry?
Price-To-Earnings vs Industry: NGD is good value based on its Price-To-Earnings Ratio (6.9x) compared to the Canadian Metals and Mining industry average (10.8x)
Price to Earnings Ratio vs Fair Ratio
What is NGD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.9x|
|Fair PE Ratio||16.4x|
Price-To-Earnings vs Fair Ratio: NGD is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).
Share Price vs Fair Value
What is the Fair Price of NGD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NGD (CA$1.54) is trading below our estimate of fair value (CA$5.43)
Significantly Below Fair Value: NGD is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: NGD is good value based on its PEG Ratio (0.3x)
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How is New Gold forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NGD's forecast earnings growth (23.8% per year) is above the savings rate (1.6%).
Earnings vs Market: NGD's earnings (23.8% per year) are forecast to grow faster than the Canadian market (7.4% per year).
High Growth Earnings: NGD's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NGD's revenue (5.9% per year) is forecast to grow slower than the Canadian market (6.6% per year).
High Growth Revenue: NGD's revenue (5.9% 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 (1.4%).
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How has New Gold performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NGD has a large one-off gain of $131.4M impacting its March 31 2022 financial results.
Growing Profit Margin: NGD became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NGD has become profitable over the past 5 years, growing earnings by 24.9% per year.
Accelerating Growth: NGD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NGD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-5.8%).
Return on Equity
High ROE: NGD's Return on Equity (12.6%) is considered low.
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How is New Gold's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NGD's short term assets ($637.9M) exceed its short term liabilities ($146.1M).
Long Term Liabilities: NGD's short term assets ($637.9M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: NGD has more cash than its total debt.
Reducing Debt: NGD's debt to equity ratio has increased from 38.8% to 52.7% over the past 5 years.
Debt Coverage: NGD's debt is well covered by operating cash flow (68.8%).
Interest Coverage: NGD's interest payments on its debt are well covered by EBIT (5.9x coverage).
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What is New Gold current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NGD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NGD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NGD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NGD's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NGD has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Renaud Adams (51 yo)
Mr. Renaud Adams, P.Eng., has been President, Chief Executive Officer and Director of New Gold Inc. since September 12, 2018. Mr. Adams has been an Independent Director of GT Gold Corp. since July 2018. He...
CEO Compensation Analysis
Compensation vs Market: Renaud's total compensation ($USD2.32M) is above average for companies of similar size in the Canadian market ($USD1.59M).
Compensation vs Earnings: Renaud's compensation has been consistent with company performance over the past year.
Experienced Management: NGD's management team is considered experienced (3.1 years average tenure).
Experienced Board: NGD's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NGD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New Gold Inc.'s employee growth, exchange listings and data sources
- Name: New Gold Inc.
- Ticker: NGD
- Exchange: TSX
- Founded: 1980
- Industry: Gold
- Sector: Materials
- Implied Market Cap: CA$1.010b
- Shares outstanding: 682.10m
- Website: https://www.newgold.com
Number of Employees
- New Gold Inc.
- Brookfield Place
- Suite 3320
- M5J 2T3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.