Overview Dividends

(NGD) New Gold - Ratings and Ratios

Exchange: NYSE MKT • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA6445351068

Gold, Silver, Copper

NGD EPS (Earnings per Share)

EPS Growth (3Y CAGR): 91.85%
EPS Trend (3Y Correlation): 44.4%

NGD Revenue

Revenue Growth (3Y CAGR): 30.33%
Revenue Trend (3Y Correlation): 86.4%

Description: NGD New Gold August 03, 2025

New Gold Inc. is an intermediate gold mining company with a primary focus on developing and operating mineral properties in Canada, particularly gold, silver, and copper deposits. Its principal assets include the Rainy River mine in Northwestern Ontario and the New Afton project in South-Central British Columbia.

To further analyze the companys performance, we can look at key performance indicators (KPIs) such as production costs, reserve life, and exploration potential. New Golds ability to maintain a low all-in sustaining cost (AISC) is crucial for its profitability. As an intermediate gold miner, its production volume and revenue growth are also important metrics to track. Additionally, the companys return on equity (RoE) of 13.96% indicates a relatively healthy profitability level.

From a valuation perspective, New Golds price-to-earnings (P/E) ratio of 20.95 and forward P/E of 9.67 suggest that the market expects the companys earnings to grow in the future. The companys market capitalization of $3.32 billion USD is substantial, indicating a relatively liquid stock with a decent trading volume. To further assess the companys potential, we can examine its exploration pipeline, mine life, and expansion plans, as well as its hedging strategy and sensitivity to gold price fluctuations.

NGD Stock Overview

Market Cap in USD	5,083m
Sub-Industry	Gold
IPO / Inception	2004-11-18

NGD Stock Ratings

Growth Rating	88.2%
Fundamental	64.3%
Dividend Rating	-
Return 12m vs S&P 500	109%
Analyst Rating	3.80 of 5

NGD Dividends

Currently no dividends paid

NGD Growth Ratios

Growth Correlation 3m	75.7%
Growth Correlation 12m	95.7%
Growth Correlation 5y	47.3%
CAGR 5y	90.59%
CAGR/Max DD 3y (Calmar Ratio)	2.30
CAGR/Mean DD 3y (Pain Ratio)	8.00
Sharpe Ratio 12m	1.45
Alpha	125.15
Beta	1.087
Volatility	63.22%
Current Volume	31100k
Average Volume 20d	17971k
Stop Loss	6.3 (-7.4%)
Signal	-1.45

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (146.1m TTM) > 0 and > 6% of Revenue (6% = 62.1m TTM)

FCFTA -0.03 (>2.0%) and ΔFCFTA -5.93pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -4.77% (prev 13.55%; Δ -18.33pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.21 (>3.0%) and CFO 510.5m > Net Income 146.1m (YES >=105%, WARN >=100%)

Net Debt (434.0m) to EBITDA (431.9m) ratio: 1.00 <= 3.0 (WARN <= 3.5)

Current Ratio 0.89 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (797.2m) change vs 12m ago 7.02% (target <= -2.0% for YES)

Gross Margin 33.66% (prev 11.11%; Δ 22.56pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 46.28% (prev 40.32%; Δ 5.96pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.78 (EBITDA TTM 431.9m / Interest Expense TTM 32.6m) >= 6 (WARN >= 3)

Altman Z'' -1.85

(A) -0.02 = (Total Current Assets 394.7m - Total Current Liabilities 444.1m) / Total Assets 2.47b

(B) -0.94 = Retained Earnings (Balance) -2.31b / Total Assets 2.47b

(D) 0.73 = Book Value of Equity 998.9m / Total Liabilities 1.36b

Total Rating: -1.85 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.28

1. Piotroski 6.0pt = 1.0

2. FCF Yield -1.52% = -0.76

3. FCF Margin -8.32% = -3.12

4. Debt/Equity 0.60 = 2.33

5. Debt/Ebitda 1.00 = 1.76

6. ROIC - WACC (= 2.57)% = 3.21

7. RoE 13.96% = 1.16

8. Rev. Trend 86.41% = 6.48

9. EPS Trend 44.42% = 2.22

What is the price of NGD shares?

As of November 07, 2025, the stock is trading at USD 6.80 with a total of 31,100,030 shares traded.
Over the past week, the price has changed by -2.86%, over one month by -6.98%, over three months by +48.80% and over the past year by +148.18%.

Is New Gold a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, New Gold is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 64.28 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NGD is around 8.72 USD . This means that NGD is currently undervalued and has a potential upside of +28.24% (Margin of Safety).

Is NGD a buy, sell or hold?

New Gold has received a consensus analysts rating of 3.80. Therefor, it is recommend to hold NGD.

Strong Buy: 3
Buy: 4
Hold: 2
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the NGD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	7.8	14.4%
Analysts Target Price	7.8	14.4%
ValueRay Target Price	9.8	43.7%

NGD Fundamental Data Overview October 24, 2025

Market Cap USD = 5.08b (5.08b USD * 1.0 USD.USD)
P/E Trailing = 32.1
P/E Forward = 7.8431
P/S = 4.9266
P/B = 5.2823
P/EG = -2.09
Beta = 1.087
Revenue TTM = 1.04b USD
EBIT TTM = 188.5m USD
EBITDA TTM = 431.9m USD
Long Term Debt = 543.8m USD (from longTermDebt, last quarter)
Short Term Debt = 113.5m USD (from shortTermDebt, last quarter)
Debt = 660.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 434.0m USD (from netDebt column, last quarter)
Enterprise Value = 5.68b USD (5.08b + Debt 660.3m - CCE 64.9m)
Interest Coverage Ratio = 5.78 (Ebit TTM 188.5m / Interest Expense TTM 32.6m)
FCF Yield = -1.52% (FCF TTM -86.2m / Enterprise Value 5.68b)
FCF Margin = -8.32% (FCF TTM -86.2m / Revenue TTM 1.04b)
Net Margin = 14.11% (Net Income TTM 146.1m / Revenue TTM 1.04b)
Gross Margin = 33.66% ((Revenue TTM 1.04b - Cost of Revenue TTM 687.0m) / Revenue TTM)
Gross Margin QoQ = 38.90% (prev 22.85%)
Tobins Q-Ratio = 2.30 (Enterprise Value 5.68b / Total Assets 2.47b)
Interest Expense / Debt = 1.60% (Interest Expense 10.6m / Debt 660.3m)
Taxrate = 4.72% (3.46m / 73.2m)
NOPAT = 179.6m (EBIT 188.5m * (1 - 4.72%))
Current Ratio = 0.89 (Total Current Assets 394.7m / Total Current Liabilities 444.1m)
Debt / Equity = 0.60 (Debt 660.3m / totalStockholderEquity, last quarter 1.10b)
Debt / EBITDA = 1.00 (Net Debt 434.0m / EBITDA 431.9m)
Debt / FCF = -5.03 (negative FCF - burning cash) (Net Debt 434.0m / FCF TTM -86.2m)
Total Stockholder Equity = 1.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.92% (Net Income 146.1m / Total Assets 2.47b)
RoE = 13.96% (Net Income TTM 146.1m / Total Stockholder Equity 1.05b)
RoCE = 11.85% (EBIT 188.5m / Capital Employed (Equity 1.05b + L.T.Debt 543.8m))
RoIC = 11.61% (NOPAT 179.6m / Invested Capital 1.55b)
WACC = 9.04% (E(5.08b)/V(5.74b) * Re(10.02%) + D(660.3m)/V(5.74b) * Rd(1.60%) * (1-Tc(0.05)))
Discount Rate = 10.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 7.88%
Fair Price DCF = unknown (Cash Flow -86.2m)
EPS Correlation: 44.42 | EPS CAGR: 91.85% | SUE: -4.0 | # QB: 0
Revenue Correlation: 86.41 | Revenue CAGR: 30.33% | SUE: -0.52 | # QB: 0

Additional Sources for NGD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle