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New Gold
(NYSE MKT: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 | 1.03B | 924.50M | 786.50M | 604.40M | 745.50M | 643.40M |
| Gross Profit | 359.10M | 240.70M | 336.10M | 78.10M | 172.50M | 110.40M |
| EBITDA | 430.90M | 339.10M | 182.90M | 177.50M | 322.90M | 167.70M |
| Net Income | 144.90M | 102.60M | -64.50M | -66.80M | 140.60M | -79.30M |
Balance Sheet | ||||||
| Total Assets | 2.46B | 2.00B | 2.29B | 2.24B | 2.48B | 2.25B |
| Cash, Cash Equivalents and Short-Term Investments | 233.00M | 110.30M | 192.60M | 236.40M | 541.00M | 231.70M |
| Total Debt | 658.80M | 399.70M | 401.20M | 396.20M | 501.70M | 508.70M |
| Total Liabilities | 1.36B | 951.50M | 1.50B | 1.28B | 1.52B | 1.46B |
| Stockholders Equity | 1.10B | 1.05B | 789.20M | 959.50M | 955.90M | 789.30M |
Cash Flow | ||||||
| Free Cash Flow | -77.20M | 121.70M | 21.70M | -102.20M | 76.40M | 10.60M |
| Operating Cash Flow | 507.90M | 392.80M | 287.60M | 190.70M | 323.70M | 294.80M |
| Investing Cash Flow | -579.10M | -263.40M | -234.00M | -281.90M | 57.40M | -173.20M |
| Financing Cash Flow | 112.80M | -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 |
|---|---|---|---|---|---|---|---|
71 Outperform | C$5.48B | 12.56 | 17.29% | ― | 5.33% | 143.67% | |
69 Neutral | ― | ― | 2.41% | 0.50% | 17.31% | 19.28% | |
69 Neutral | C$7.59B | 22.43 | 22.29% | ― | 48.70% | 1718.41% | |
65 Neutral | $11.39B | ― | 1.41% | ― | 90.17% | -91.76% | |
62 Neutral | $7.54B | 87.32 | 28.16% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$4.38B | 138.06 | 4.89% | ― | 123.03% | ― |
New Gold Corporate Events
New Gold Inc. is a Canadian-focused intermediate mining company that operates the New Afton copper-gold mine and the Rainy River gold mine. The company is committed to responsible and profitable mining practices for its shareholders and stakeholders.
New Gold Inc’s latest earnings call conveyed a strong positive outlook, highlighting significant production achievements and financial improvements. The company emphasized its success in cost reduction, free cash flow generation, and debt repayment. Safety milestones and exploration successes were also noted, although there were concerns about increased cash costs and initial lower grades at the C-Zone. Overall, the sentiment was optimistic with minor challenges acknowledged.
On October 28, 2025, New Gold Inc. announced its third-quarter results, highlighting record production and free cash flow driven by the Rainy River mine. The company reported a significant increase in gold production and a substantial improvement in free cash flow, allowing it to repay $260 million in debt. New Gold is on track to meet its annual guidance for gold and copper production, with expectations of continued strong performance in the fourth quarter. The company has also made progress on its C-Zone cave construction at New Afton, positioning itself for future growth and enhanced shareholder value.
The most recent analyst rating on (TSE:NGD) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on New Gold stock, see the TSE:NGD Stock Forecast page.
On October 28, 2025, New Gold Inc. released its financial statements for the three and nine months ended September 30, 2025, reporting significant revenue growth compared to the previous year. The company achieved revenues of $462.5 million for the third quarter and $980 million for the nine months, reflecting a strong operational performance. Net earnings also saw a substantial increase, reaching $142.3 million for the third quarter and $194.2 million for the nine months. This financial performance underscores New Gold’s improved market positioning and operational efficiency, which could have positive implications for stakeholders.
The most recent analyst rating on (TSE:NGD) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on New Gold stock, see the TSE:NGD Stock Forecast page.
On October 7, 2025, New Gold Inc. announced that it will release its third quarter 2025 operational and financial results after market close on October 28, 2025. The company will host an earnings conference call and webcast on October 29, 2025. This announcement is significant for stakeholders as it provides an opportunity to gain insights into the company’s recent performance and future outlook.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$7.85 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 it will release its third quarter 2025 operational and financial results after market close on October 28, 2025, followed by an earnings conference call and webcast on October 29, 2025. This announcement is part of New Gold’s ongoing efforts to keep stakeholders informed about its financial performance, which is critical for maintaining investor confidence and supporting its market positioning as a key player in the gold and copper mining industry.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$7.85 price target. To see the full list of analyst forecasts on New Gold stock, see the TSE:NGD Stock Forecast page.
New Gold Inc. has been recognized as a top performer on the Toronto Stock Exchange’s TSX30 list for 2025, ranking eleventh due to a significant 394% share price appreciation over the past three years. This achievement underscores New Gold’s substantial growth, positioning it well to increase production and reduce costs, thereby enhancing free cash flow and solidifying its status as a leading intermediate gold and copper producer.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$6.85 price target. To see the full list of analyst forecasts on New Gold stock, see the TSE:NGD Stock Forecast page.
New Gold Inc. has announced significant exploration advancements at its New Afton and Rainy River mines, with the K-Zone at New Afton more than doubling in size due to new copper-gold porphyry mineralization discoveries. This expansion, along with ongoing drilling efforts, positions the company to potentially extend the operational life of its mines and improve resource estimates. The company plans to increase its exploration budget to further define the K-Zone’s potential, indicating a strategic focus on leveraging existing infrastructure for future development. These developments are expected to positively impact New Gold’s resource estimates and operational strategy, offering growth opportunities and potential benefits for stakeholders.
The most recent analyst rating on (TSE:NGD) stock is a Buy with a C$6.85 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 resignation of Christian Milau from its Board of Directors, effective immediately, as he pursues other opportunities. During his tenure, the company engaged in significant corporate development activities and operational achievements, positioning itself as a leading intermediate gold producer.
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.