1.94%
24.65%
16.84%
40.28%
176.23%
122.64%
266.80%
AI Spotlight on NGD
Company Description
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.
It also operates the Cerro San Pedro mine in San Luis Potosí, Mexico.The company was incorporated in 1980 and is headquartered in Toronto, Canada.
Market Data
| Last Price | 4.47 |
| Change Percentage | 1.94% |
| Open | 4.43 |
| Previous Close | 4.39 |
| Market Cap ( Millions) | 3539 |
| Volume | 622900 |
| Year High | 4.54 |
| Year Low | 1.47 |
| M A 50 | 3.89 |
| M A 200 | 3.39 |
Financial Ratios
| FCF Yield | 3.77% |
| Dividend Yield | 0.00% |
| ROE | 2.25% |
| Debt / Equity | 45.12% |
| Net Debt / EBIDTA | 123.41% |
| Price To Book | 2.26 |
| Price Earnings Ratio | 115.14 |
| Price To FCF | 26.5 |
| Price To sales | 2.62 |
| EV / EBITDA | 9.99 |
News
- Jan -27 - Is New Gold (NGD) the Best Affordable Stock Under $5 to Buy Now?
- Jan -24 - ICL & Dynanonic Ink Deal to Produce LFP for European Battery Market
- Jan -24 - BASF's Personal Care Unit Unveils Innovative Technology for Retinol
- Jan -20 - Best Momentum Stocks to Buy for January 20th
- Jan -20 - Best Value Stocks to Buy for January 20th
- Jan -10 - New Gold Sees 2% Annual Increase in Q4 Gold Output
- Jan -09 - NEW GOLD DELIVERS HIGHEST PRODUCTION QUARTER OF 2024
- Jan -09 - Here’s Why New Gold Inc. (NGD) Skyrocketed Today
- Dec -30 - Reasons to Retain International Paper Stock in Your Portfolio
- Dec -30 - Why You Should Add Century Aluminum Stock to Your Portfolio
- Dec -29 - New Gold Inc.'s (TSE:NGD) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
- Dec -27 - MOS Potash Revenues Dip Y/Y in Oct-Nov, Phosphate & Fertilizantes Up
- Dec -26 - ARKAY Launches Global Mass Balance Solutions to Cut Carbon Footprint
- Dec -24 - ICL Boosts Relationship With Plantible Foods With Follow-On Investment
- Dec -24 - Why New Gold Inc. (NGD) Is One of the Best Gold Royalty and Small-Cap Gold Stocks to Buy?
- Dec -24 - Agnico Eagle Concludes Acquisition of 15% Interest in OnGold Resources
- Dec -23 - BASF & Partners to Optimize Mechanical Recycling of Plastics
- Dec -23 - Agnico Eagle Begins Friendly All-Cash Offer to Acquire O3 Mining
- Dec -20 - Franco-Nevada Secures Precious Metals Stream With Sibanye-Stillwater
- Dec -20 - U.S. Steel Lowers EBITDA Guidance for Q4 Amid Weak Pricing
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Rainy River
Expected Growth : 7 %
What the company do ?
The Rainy River is a gold mine project in Ontario, Canada, owned by New Gold Inc., with expected annual gold production of 230,000 ounces.
Why we expect these perspectives ?
Rainy River's 7% growth is driven by increasing gold production, improved operating efficiencies, and higher gold prices. The mine's life extension and exploration success have also contributed to the growth. Additionally, New Gold Inc.'s focus on cost reduction and optimization initiatives have enhanced the segment's profitability.
Segment n°2 -> New Afton
Expected Growth : 9 %
What the company do ?
The New Afton is a copper-gold mine located in British Columbia, Canada, operated by New Gold Inc., producing copper, gold, and silver.
Why we expect these perspectives ?
New Afton's 9% growth is driven by increasing gold prices, improved operational efficiency, and higher copper by-product credits. The mine's life extension to 2030 and exploration potential also contribute to growth. Additionally, New Gold Inc.'s focus on cost reduction and balance sheet strengthening enables reinvestment in the mine, further supporting growth.
New Gold Inc. Products
| Product Range | What is it ? |
|---|---|
| Gold | New Gold Inc. is a leading gold producer with a portfolio of mines and development projects in Canada and Australia. |
| Copper | New Gold Inc. also produces copper as a by-product of its gold mining operations. |
| Silver | Silver is another by-product of New Gold Inc.'s mining operations, often extracted alongside gold and copper. |
| Exploration Services | New Gold Inc. offers exploration services to identify and develop new mineral deposits. |
| Mining Operations | New Gold Inc. operates several mines across Canada and Australia, producing gold, copper, and silver. |
New Gold Inc.'s Porter Forces
Threat Of Substitutes
New Gold Inc. operates in the gold mining industry, which has few substitutes. However, the company faces some threat from other precious metals like silver and copper.
Bargaining Power Of Customers
New Gold Inc. sells its gold to a few large refineries and banks, which limits the bargaining power of customers. The company's large-scale operations also reduce the dependence on individual customers.
Bargaining Power Of Suppliers
New Gold Inc. relies on suppliers for equipment, materials, and services. While the company has some bargaining power due to its large scale, suppliers can still exert some pressure, especially for specialized equipment and services.
Threat Of New Entrants
The gold mining industry has high barriers to entry, including significant capital requirements, regulatory hurdles, and environmental concerns. This limits the threat of new entrants to New Gold Inc.
Intensity Of Rivalry
The gold mining industry is highly competitive, with many established players competing for market share. New Gold Inc. faces intense rivalry from companies like Barrick Gold, Goldcorp, and Kinross Gold.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 33.56% |
| Debt Cost | 3.95% |
| Equity Weight | 66.44% |
| Equity Cost | 11.93% |
| WACC | 9.25% |
| Leverage | 50.51% |
New Gold Inc. : Quality Control
New Gold Inc. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| VGCX.TO | Victoria Gold Corp. acquires, operates, explores, and develops mineral properties in Canada and the United States. The company primarily explores for gold deposits. Its flagship property is 100% owned Dublin … |
| OLA.TO | Orla Mining Ltd. acquires, explores for, and develops mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project … |
| WDO.TO | Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver … |
| EQX.TO | Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine … |
| ORE.TO | Orezone Gold Corporation engages in the exploration and development of gold properties. Its flagship property is the 90%-owned Bomboré gold project comprising a block of contiguous permits covering an area … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Wesdome Gold Mines
A-Score
1-Year Total Return ->
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Orla Mining
A-Score
1-Year Total Return ->
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Equinox Gold
A-Score
1-Year Total Return ->
4
Orezone Gold
A-Score
1-Year Total Return ->
5
Victoria Gold
A-Score
1-Year Total Return ->
6
