New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties.
Mediocre balance sheet with moderate growth potential.
Share Price & News
How has New Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NGD's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: NGD underperformed the Canadian Metals and Mining industry which returned -10.2% over the past year.
Return vs Market: NGD underperformed the Canadian Market which returned -24.6% over the past year.
Price Volatility Vs. Market
How volatile is New Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs New Gold (TSE:NGD) Using Debt Sensibly?
1 month ago | Simply Wall StDo Institutions Own New Gold Inc. (TSE:NGD) Shares?
1 month ago | Simply Wall StSome New Gold (TSE:NGD) Shareholders Have Taken A Painful 76% Share Price Drop
Is New Gold undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate NGD's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate NGD's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: NGD is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: NGD is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NGD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NGD is good value based on its PB Ratio (0.4x) compared to the CA Metals and Mining industry average (1.2x).
How is New Gold forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
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 (1.4%).
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's is expected to become profitable in the next 3 years.
Revenue vs Market: NGD's revenue (0.9% per year) is forecast to grow slower than the Canadian market (3.5% per year).
High Growth Revenue: NGD's revenue (0.9% 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 (9.7%).
How has New Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NGD is currently unprofitable.
Growing Profit Margin: NGD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NGD is unprofitable, and losses have increased over the past 5 years at a rate of -18.4% per year.
Accelerating Growth: Unable to compare NGD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NGD is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.5%).
Return on Equity
High ROE: NGD has a negative Return on Equity (-7.65%), as it is currently unprofitable.
How is New Gold's financial position?
Financial Position Analysis
Short Term Liabilities: NGD's short term assets ($228.7M) exceed its short term liabilities ($171.9M).
Long Term Liabilities: NGD's short term assets ($228.7M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: NGD's debt to equity ratio (74.3%) is considered high.
Reducing Debt: NGD's debt to equity ratio has increased from 38.5% to 74.3% over the past 5 years.
Inventory Level: NGD has a high level of physical assets or inventory.
Debt Coverage by Assets: NGD's debt is not covered by short term assets (assets are 0.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NGD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NGD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.5% per year.
What is New Gold's current dividend yield, its reliability and sustainability?
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 payouts.
High Dividend: Unable to evaluate NGD's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NGD's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Renaud Adams (49yo)
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 ($USD851.26K) is about average for companies of similar size in the Canadian market ($USD1.20M).
Compensation vs Earnings: Insufficient data to compare Renaud's compensation with company performance.
|Executive VP & CFO||1.42yrs||US$372.34k||0.074% $390.0k|
|Vice President of Investor Relations||1.58yrs||US$331.67k||0.020% $105.3k|
|VP, General Counsel & Corporate Secretary||0.42yr||no data||0.00022% $1.2k|
|Director of Exploration||no data||no data||no data|
|General Manager of New Afton||1.5yrs||no data||no data|
|VP & GM of Rainy River||no data||no data||no data|
|Senior External Project Relations Advisor||no data||no data||no data|
Experienced Management: NGD's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
|Independent Director||1.75yrs||US$109.16k||0.0044% $23.4k|
|Independent Chair||3.25yrs||US$227.68k||0.0040% $21.2k|
|Independent Director||2yrs||US$135.06k||no data|
|Independent Director||2.83yrs||US$154.36k||no data|
|Independent Director||2yrs||US$135.06k||no data|
|Independent Director||0.92yr||no data||no data|
Experienced Board: NGD's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 5.6%.
New Gold Inc.'s company bio, employee growth, exchange listings and data sources
- Name: New Gold Inc.
- Ticker: NGD
- Exchange: TSX
- Founded: 1980
- Industry: Gold
- Sector: Materials
- Market Cap: CA$527.247m
- Shares outstanding: 675.96m
- Website: https://www.newgold.com
Number of Employees
- New Gold Inc.
- Brookfield Place
- 181 Bay Street
- M5J 2T3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NGD||AMEX (NYSE MKT LLC)||Yes||Common Shares||US||USD||Dec 1999|
|NGD||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Dec 1999|
|32N||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1999|
|0V90||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Dec 1999|
New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company’s operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico. It also holds interests in the Blackwater project located to the Southwest of Prince George, British Columbia, Canada. The company was founded in 1980 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 00:51|
|End of Day Share Price||2020/04/03 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.