TSX

New Gold Inc.

NGD.TO•Basic Materials•Gold
Current Price
$12.16
Today's Change
+3.31%
Market Cap
$9.63B
Volume
55.77M
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Commodity Exposure

Gold

Current Price
$4,076.10/oz
-1.78% today
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Industry Context

Mining companies typically trade at 5-9x EV/EBITDA due to commodity price volatility. Gold price movements significantly impact profitability.

Price updated: Oct 22, 2026, 03:00 PM

💡 Quick Take

New Gold Inc. (NGD.TO) is an intermediate gold mining company focused on developing and operating mineral properties in Canada. The company showcases strong financial health with impressive margins—gross margin at 53.2% and net margin at 58.1%—indicating effective cost management. However, the quick ratio of 0.92 suggests potential liquidity concerns. While the low debt-to-equity ratio of 0.24 reflects prudent leverage, the high EBITDA margin of 94.0% may indicate overvaluation relative to industry peers. Overall, NGD.TO presents a solid investment opportunity with some caution warranted regarding liquidity.

Based on 28 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$18.62
52 Week Low$4.12
Avg Volume3.58M
Beta1.83
Shares Outstanding791.73M

🔥 Valuation

Market Cap$9.63B
Enterprise Value$9.70B
P/E Ratio8.22
EV/EBITDA ⚠️13.89x
Dividend Yield0.00%

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🚩 Red Flags

✅

No significant red flags identified

This company appears financially healthy on available metrics

🌟 Opportunities

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Exceptional revenue growth of 59.7% YoY demonstrates strong market demand and competitive positioning.

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Gross margin expanded by 27.1 percentage points, indicating improved pricing power or cost efficiency.

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Operating margin expanded by 58.2pp, demonstrating strong operational leverage.

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Both gross margin (+27.1pp) and operating margin (+58.2pp) are expanding simultaneously, indicating the company is scaling profitably.

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Operating margin of 77.9% demonstrates excellent operational efficiency.

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