(NGD) New Gold - Overview
Stock: Gold, Silver, Copper
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 81.6% |
| Relative Tail Risk | -9.66% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.32 |
| Alpha | 228.07 |
| Character TTM | |
|---|---|
| Beta | 0.667 |
| Beta Downside | 0.616 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.36% |
| CAGR/Max DD | 3.04 |
Description: NGD New Gold January 11, 2026
New Gold Inc. (NYSE MKT: NGD) is an intermediate-size gold miner headquartered in Toronto, Canada, focused on developing and operating mineral assets in Canada. Its core operations consist of a 100 % owned Rainy River mine in Northwestern Ontario and the New Afton project in South-Central British Columbia, where it pursues gold, silver and copper exploration.
Key operating metrics (2023 SEC filing) show Rainy River produced ~170,000 oz of gold equivalent at an all-in sustaining cash cost of roughly $1,050 / oz, while the New Afton development plan targets a 2025 start-up with an initial output of 120,000 oz / yr and a projected cash cost near $950 / oz. The company’s cash balance stood at $140 million, providing a runway of over two years at current burn rates, assuming no major capital-intensive expansions.
Sector drivers that materially affect NGD’s outlook include the global gold price (currently ~$1,950 / oz) and the U.S. real-interest-rate environment, which historically correlates inversely with gold demand. Additionally, Canadian mining policy stability and the country’s relatively low royalty regime (3 % on gold) enhance project economics compared with peers in higher-tax jurisdictions.
For a deeper, data-driven assessment of NGD’s valuation and risk profile, you may find the ValueRay platform a useful next step.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 247.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.82 > 1.0 |
| NWC/Revenue: -3.38% < 20% (prev 9.59%; Δ -12.97% < -1%) |
| CFO/TA 0.28 > 3% & CFO 659.8m > Net Income 247.7m |
| Net Debt (273.8m) to EBITDA (589.8m): 0.46 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (797.8m) vs 12m ago 0.21% < -2% |
| Gross Margin: 41.38% > 18% (prev 0.26%; Δ 4112 % > 0.5%) |
| Asset Turnover: 56.49% > 50% (prev 43.44%; Δ 13.05% > 0%) |
| Interest Coverage Ratio: 8.18 > 6 (EBITDA TTM 589.8m / Interest Expense TTM 41.5m) |
Altman Z'' -0.99
| A: -0.02 (Total Current Assets 303.0m - Total Current Liabilities 344.6m) / Total Assets 2.37b |
| B: -0.91 (Retained Earnings -2.16b / Total Assets 2.37b) |
| C: 0.16 (EBIT TTM 339.3m / Avg Total Assets 2.17b) |
| D: 1.00 (Book Value of Equity 1.13b / Total Liabilities 1.13b) |
| Altman-Z'' Score: -0.99 = CCC |
Beneish M -2.11
| DSRI: 1.75 (Receivables 31.3m/12.5m, Revenue 1.23b/861.5m) |
| GMI: 0.63 (GM 41.38% / 26.23%) |
| AQI: 1.84 (AQ_t 0.03 / AQ_t-1 0.01) |
| SGI: 1.43 (Revenue 1.23b / 861.5m) |
| TATA: -0.17 (NI 247.7m - CFO 659.8m) / TA 2.37b) |
| Beneish M-Score: -2.11 (Cap -4..+1) = BB |
What is the price of NGD shares?
Over the past week, the price has changed by +5.38%, over one month by +11.03%, over three months by +52.75% and over the past year by +253.51%.
Is NGD a buy, sell or hold?
- StrongBuy: 3
- Buy: 4
- Hold: 2
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the NGD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 9 | -14.9% |
| Analysts Target Price | 9 | -14.9% |
| ValueRay Target Price | 14.2 | 34.2% |
NGD Fundamental Data Overview February 07, 2026
P/E Forward = 7.734
P/S = 6.0312
P/B = 6.5275
P/EG = -2.09
Revenue TTM = 1.23b USD
EBIT TTM = 339.3m USD
EBITDA TTM = 589.8m USD
Long Term Debt = 394.0m USD (from longTermDebt, last quarter)
Short Term Debt = 1.70m USD (from shortTermDebt, last quarter)
Debt = 397.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 273.8m USD (from netDebt column, last quarter)
Enterprise Value = 8.54b USD (8.27b + Debt 397.0m - CCE 124.2m)
Interest Coverage Ratio = 8.18 (Ebit TTM 339.3m / Interest Expense TTM 41.5m)
EV/FCF = 161.3x (Enterprise Value 8.54b / FCF TTM 53.0m)
FCF Yield = 0.62% (FCF TTM 53.0m / Enterprise Value 8.54b)
FCF Margin = 4.31% (FCF TTM 53.0m / Revenue TTM 1.23b)
Net Margin = 20.16% (Net Income TTM 247.7m / Revenue TTM 1.23b)
Gross Margin = 41.38% ((Revenue TTM 1.23b - Cost of Revenue TTM 720.2m) / Revenue TTM)
Gross Margin QoQ = 52.43% (prev 42.61%)
Tobins Q-Ratio = 3.61 (Enterprise Value 8.54b / Total Assets 2.37b)
Interest Expense / Debt = 2.57% (Interest Expense 10.2m / Debt 397.0m)
Taxrate = 18.22% (31.3m / 172.1m)
NOPAT = 277.4m (EBIT 339.3m * (1 - 18.22%))
Current Ratio = 0.88 (Total Current Assets 303.0m / Total Current Liabilities 344.6m)
Debt / Equity = 0.32 (Debt 397.0m / totalStockholderEquity, last quarter 1.24b)
Debt / EBITDA = 0.46 (Net Debt 273.8m / EBITDA 589.8m)
Debt / FCF = 5.17 (Net Debt 273.8m / FCF TTM 53.0m)
Total Stockholder Equity = 1.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.39% (Net Income 247.7m / Total Assets 2.37b)
RoE = 22.38% (Net Income TTM 247.7m / Total Stockholder Equity 1.11b)
RoCE = 22.60% (EBIT 339.3m / Capital Employed (Equity 1.11b + L.T.Debt 394.0m))
RoIC = 17.41% (NOPAT 277.4m / Invested Capital 1.59b)
WACC = 8.08% (E(8.27b)/V(8.67b) * Re(8.37%) + D(397.0m)/V(8.67b) * Rd(2.57%) * (1-Tc(0.18)))
Discount Rate = 8.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.92%
[DCF Debug] Terminal Value 69.84% ; FCFF base≈63.9m ; Y1≈42.0m ; Y5≈19.1m
Fair Price DCF = 0.12 (EV 369.0m - Net Debt 273.8m = Equity 95.2m / Shares 791.7m; r=8.08% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 57.42 | EPS CAGR: -15.84% | SUE: -4.0 | # QB: 0
Revenue Correlation: 78.73 | Revenue CAGR: 23.63% | SUE: 2.00 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.26 | Chg30d=+0.033 | Revisions Net=+4 | Analysts=3
EPS next Year (2026-12-31): EPS=1.15 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+87.0% | Growth Revenue=+52.9%