Overview Dividends

(NGD) New Gold - Ratings and Ratios

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

Gold, Silver, Copper

Gold
Market Cap in USD: 6,920m

IPO / Inception: 2004-11-18
Return 12m vs S&P 500: 219%

EPS (Earnings per Share)

EPS CAGR: -15.84%
EPS Trend: 57.4%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 23.63%
Rev. Trend: 78.7%

Last SUE: 2.00
Qual. Beats: 1

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	57.8%
Value at Risk 5%th	86.5%
Relative Tail Risk	-9.04%

Reward TTM
Sharpe Ratio	2.56
Alpha	250.25
CAGR/Max DD	2.69

Character TTM
Hurst Exponent	0.328
Beta	0.574
Beta Downside	0.738

Drawdowns 3y
Max DD	39.36%
Mean DD	10.80%
Median DD	8.60%

Description: NGD New Gold November 08, 2025

New Gold Inc. (NYSE MKT: NGD) is a mid-tier gold miner headquartered in Toronto that develops and operates mineral assets in Canada, focusing on gold, silver and copper. Its core operations consist of a 100 % owned Rainy River mine in Northwestern Ontario and the New Afton project in South-Central British Columbia.

Key operational metrics: the company produced roughly 150,000 oz of gold in 2023 with an all-in sustaining cost near US$950 per ounce, generating US$120 million of operating cash flow. As of the latest quarter, NGD reported a net debt of about US$200 million, giving it a debt-to-cash-flow ratio of ~1.7×. The sector is heavily influenced by gold price dynamics, which are driven by real-yield movements, U.S. Federal Reserve policy, and inflation expectations-factors that have kept the metal above US$1,900/oz in recent months.

For a deeper, data-driven look at NGD’s valuation and risk profile, the ValueRay platform provides a granular analysis that can help you assess the trade-off between its cost structure and the current gold price environment.

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (247.7m TTM) > 0 and > 6% of Revenue (6% = 73.7m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA -1.82pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -3.38% (prev 9.59%; Δ -12.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.28 (>3.0%) and CFO 659.8m > Net Income 247.7m (YES >=105%, WARN >=100%)

Net Debt (273.8m) to EBITDA (589.8m) ratio: 0.46 <= 3.0 (WARN <= 3.5)

Current Ratio 0.88 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (797.8m) change vs 12m ago 0.21% (target <= -2.0% for YES)

Gross Margin 41.38% (prev 26.23%; Δ 15.15pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 56.49% (prev 43.44%; Δ 13.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 8.18 (EBITDA TTM 589.8m / Interest Expense TTM 41.5m) >= 6 (WARN >= 3)

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 (Balance) -2.16b / Total Assets 2.37b

(D) 1.00 = Book Value of Equity 1.13b / Total Liabilities 1.13b

Total Rating: -0.99 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 80.87

1. Piotroski 7.0pt

2. FCF Yield 0.74%

3. FCF Margin 4.31%

4. Debt/Equity 0.32

5. Debt/Ebitda 0.46

6. ROIC - WACC (= 9.60)%

7. RoE 22.38%

8. Rev. Trend 78.73%

9. EPS Trend 57.42%

What is the price of NGD shares?

As of January 07, 2026, the stock is trading at USD 9.52 with a total of 22,142,731 shares traded.
Over the past week, the price has changed by +8.06%, over one month by +27.61%, over three months by +30.23% and over the past year by +274.80%.

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	9	-5.5%
Analysts Target Price	9	-5.5%
ValueRay Target Price	12.6	32.5%

NGD Fundamental Data Overview January 03, 2026

Market Cap USD = 6.92b (6.92b USD * 1.0 USD.USD)
P/E Trailing = 27.2188
P/E Forward = 8.4746
P/S = 5.5707
P/B = 5.563
P/EG = -2.09
Beta = 1.555
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 = 7.19b USD (6.92b + Debt 397.0m - CCE 124.2m)
Interest Coverage Ratio = 8.18 (Ebit TTM 339.3m / Interest Expense TTM 41.5m)
FCF Yield = 0.74% (FCF TTM 53.0m / Enterprise Value 7.19b)
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 = 3.04 (Enterprise Value 7.19b / 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 = 10.47% (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 = 7.80% (E(6.92b)/V(7.32b) * Re(8.13%) + D(397.0m)/V(7.32b) * Rd(2.57%) * (1-Tc(0.18)))
Discount Rate = 8.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.92%
[DCF Debug] Terminal Value 70.09% ; FCFE base≈63.9m ; Y1≈42.0m ; Y5≈19.2m
Fair Price DCF = 0.47 (DCF Value 372.0m / Shares Outstanding 791.7m; 5y FCF grow -40.0% → 3.0% )
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=+53.4%

Additional Sources for NGD Stock

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