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New Gold
(TSX:NGD)
New Gold (NGD) vs. iShares MSCI Canada ETF (EWC)
New Gold Business Overview & Revenue Model
New Gold Earnings Call Summary
New Gold Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 941.50M | 924.50M | 786.50M | 604.40M | 745.50M | 643.40M | Gross Profit |
| 266.60M | 240.70M | 336.10M | 78.10M | 172.50M | 110.40M | EBIT |
| 189.20M | 182.30M | 61.80M | -18.40M | 137.30M | 81.40M | EBITDA |
| 375.90M | 339.10M | 182.90M | 177.50M | 322.90M | 167.70M | Net Income Common Stockholders |
| 129.40M | 102.60M | -64.50M | -66.80M | 140.60M | -79.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 219.60M | 110.30M | 192.60M | 236.40M | 541.00M | 231.70M | Total Assets |
| 2.12B | 2.00B | 2.29B | 2.24B | 2.48B | 2.25B | Total Debt |
| 509.30M | 399.70M | 401.20M | 396.20M | 501.70M | 508.70M | Net Debt |
| 296.50M | 294.50M | 215.70M | 195.40M | 20.20M | 322.40M | Total Liabilities |
| 1.09B | 951.50M | 1.50B | 1.28B | 1.52B | 1.46B | Stockholders Equity |
| 1.03B | 1.05B | 789.20M | 959.50M | 955.90M | 789.30M |
| Cash Flow | Free Cash Flow | ||||
| 160.20M | 121.70M | 21.70M | -102.20M | 76.40M | 10.60M | Operating Cash Flow |
| 445.40M | 392.80M | 287.60M | 190.70M | 323.70M | 294.80M | Investing Cash Flow |
| -278.50M | -263.40M | -234.00M | -281.90M | 57.40M | -173.20M | Financing Cash Flow |
| -109.20M | -207.80M | -68.60M | -185.00M | -86.50M | -21.90M |
New Gold Technical Analysis
New Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $5.21B | 28.84 | 14.62% | ― | 23.61% | ― | |
51 Neutral | $2.04B | -1.23 | -21.09% | 3.96% | 2.90% | -30.45% | |
| $2.66B | 92.63 | 2.05% | 0.62% | ― | ― | ||
76 Outperform | C$4.88B | 40.45 | -0.28% | ― | 72.95% | 97.10% | |
| $2.89B | 23.42 | 8.12% | ― | ― | ― | ||
| $3.17B | 10.54 | 8.27% | ― | ― | ― | ||
| $4.38B | ― | -3.49% | ― | ― | ― |
New Gold Corporate Events
New Gold Inc. has announced the redemption of its remaining $111 million 7.50% Senior Notes due 2027, scheduled for July 15, 2025. This move is funded by proceeds from a previous senior notes offering and cash on hand, potentially strengthening the company’s financial position and enhancing its market standing.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$3.90 price target. To see the full list of analyst forecasts on New Gold stock, see the TSE:NGD Stock Forecast page.
New Gold has released its 2024 Sustainability Report, highlighting significant achievements in sustainability practices and performance. The report, aligned with global standards, showcases a 7.8% reduction in greenhouse gas emissions and a decrease in the total recordable injury frequency rate, reflecting the company’s commitment to safety and environmental responsibility. Additionally, New Gold emphasizes its dedication to community engagement and local employment, with substantial investments in local communities and a significant portion of its workforce being Indigenous and locally hired.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$3.90 price target. To see the full list of analyst forecasts on New Gold stock, see the TSE:NGD Stock Forecast page.
New Gold Inc. announced the results of its Board of Directors election, with all nominees receiving overwhelming support from shareholders. The meeting also included the appointment of an auditor and a ‘Say on Pay’ advisory vote, both of which received strong approval. These results reflect shareholder confidence in New Gold’s leadership and strategic direction, potentially strengthening its position in the mining industry.
New Gold Inc. has completed the acquisition of the remaining 19.9% free cash flow interest in its New Afton Mine from the Ontario Teachers’ Pension Plan, consolidating its free cash flow interest to 100%. This consolidation is expected to enhance New Gold’s operational efficiency and financial performance, potentially strengthening its position in the mining industry.
New Gold Inc. has completed the acquisition of the remaining 19.9% free cash flow interest in its New Afton Mine from Ontario Teachers’ Pension Plan. This consolidation to 100% ownership of the free cash flow interest strengthens New Gold’s operational control and financial benefits from the New Afton Mine, potentially enhancing its market position and value to stakeholders.
New Gold Inc. reported strong financial and operational results for the first quarter of 2025, achieving significant milestones that enhance its strategic objectives. The company increased its future free cash flow by consolidating its interest in New Afton to 100%, refinanced and extended its senior notes and credit facility, and delivered new Technical Reports with strong production profiles and lower costs. Operationally, New Gold exceeded planned production at New Afton due to higher B3 grades and is on track for a production increase at Rainy River. The company is advancing its exploration efforts, particularly targeting the K-Zone at New Afton and growth opportunities at Rainy River, which are expected to ramp up aggressively.
New Gold Inc. has announced its acquisition of the remaining 19.9% free cash flow interest in the New Afton Mine from Ontario Teachers’ Pension Plan, consolidating its ownership to 100%. This transaction, valued at $300 million, will be funded through cash on hand, borrowings, and a gold prepayment financing. The consolidation is expected to enhance New Gold’s financial performance by increasing its exposure to the mine’s cash flow, driven by anticipated production growth and cost improvements. The company also plans to invest in exploration activities to extend the mine’s life and increase its value. This strategic move is positioned to benefit shareholders by maximizing free cash flow without equity dilution.
New Gold Inc. announced it will release its first quarter 2025 operational and financial results on April 29, 2025, followed by an earnings conference call and webcast on April 30, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor relations.
New Gold Inc. has announced the mailing of its Management Information Circular for its upcoming annual general and special meeting of shareholders, scheduled for May 6, 2025. The meeting will be held virtually to ensure accessibility for all shareholders. Margaret Mulligan will be resigning from the Board of Directors, and the company has expressed gratitude for her significant contributions over the past seven years. Additionally, New Gold has filed its Annual Information Form and Annual Report on Form 40-F with the relevant regulatory authorities, making these documents available online and in hard copy upon request.
New Gold Inc. announced the expiration and results of its tender offer for its 7.50% Senior Notes due 2027, with 72.21% of the principal amount tendered. The company plans to use proceeds from a new issuance of 6.875% Senior Notes due 2032 to purchase the tendered notes, with settlement expected on March 18, 2025. This financial maneuver aims to optimize New Gold’s debt structure and potentially improve its financial standing, although there is no assurance that untendered notes will be redeemed.