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New Gold

TOR:NGD · CA6445351068
Metals & MiningMedium

360

65
Medium confidence — indicative
EV / EBIT65
Price / Owner Earnings52
Owner Earnings Yield76
Dividend Yield1
Price/Sales61
EV / Gross Profit55
Price/Book63
Return on Capital91
Cash Return on Capital90
Return on Equity99
EBIT Margin100
Gross Profitability74
Cash Conversion13
Accruals12
Owner Earnings Margin94
Sales growth72
Profit Growth97
Long-Term EPS Growth55
Reinvestment88
Price momentum74
Debt load34
Refinancing14
Debt Payback27
Liquidity70
Analyst ratings1
Expectations trend2
Market mood60
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

New Gold generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryCanada
IndustryMetals & Mining
SizeMedium
TypePrivate Company
ExchangeTSX
Founded2016
Employees722
Websitenewgold.com/home/default.aspx
ISINCA6445351068
Last UpdateApr 2, 2026
Indices
GoldTSX Composite (Canada)
Themes
Mining TechnologyMineralNatural Resources

Description

New Gold Inc. (‘New Gold’) is an intermediate gold mining company engaged in the development and operation of mineral properties. The assets of the company, directly or through its subsidiaries, are consisted of the Rainy River Mine in Ontario, Cana…

Analysis

Middle-of-the-road

New Gold Inc. sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 12.7×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
28
2023202420252026

All-time high

73

Sep 2025

All-time low

11

Mar 2023

Average rank

47

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
61
60
72
69
Price/Earnings
69
81
82
83
Price/Book
63
25
57
69
Dividend Yield
1
1
1
1
Value (overall)
50
43
53
70

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →