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Earnings transcript
Read the complete earnings call transcript.
NGD
New Gold Inc.
$9.08
-0.39
(-4.12%)
[ms_data_label text=’Delayed data’]
| Exchange: | AMEX |
| Market Cap: | 7.189B |
| Shares Outstanding: | 2.865M |
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Gold | |||||
| CEO: | Patrick Godin Asc. | |||||
| Full Time Employees: | 1337 | |||||
| Address: |
| |||||
| Website: | https://www.newgold.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 604,400 | 786,500 | 924,500 |
| Gross Profit | 26,300 | 101,900 | 240,700 |
| EBITDA | 152,600 | 192,567.871 | 331,672 |
| Operating Income | -15,700 | 61,800 | 182,300 |
| Net Income | -66,800 | -64,500 | 102,600 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Total Assets | 2,243,500 | 2,286,000 | 2,003,800 |
| Total Liabilities | 1,284,000 | 1,496,800 | 951,500 |
| Total Stockholders Equity | 959,500 | 785,162.216 | 1,052,300 |
| Total Debt | 396,200 | 401,200 | 399,700 |
| Cash and Cash Equivalents | 200,800 | 185,500 | 105,200 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating Cash Flow | 190,700 | 287,600 | 392,800 |
| Capital Expenditure | -292,900 | -265,900 | -271,100 |
| Free Cash Flow | -102,200 | 21,700 | 121,700 |
| Net Income | -66,800 | -65,682.853 | 102,600 |
| Net Change in Cash | -280,700 | -15,300 | -80,300 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,539,049.966 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,598,333.629 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,568,691.798 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 542,384.942 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 563,277.420 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 552,831.181 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 564,969.898 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 593,418.102 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 579,194 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 57,734.004 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 59,957.897 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 58,845.951 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0.770 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0.790 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.750 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Q3 2025 Financial Performance: New Gold reported robust results in the third quarter of 2025, as highlighted in the earnings call transcript, with significant improvements in key financial metrics. This suggests effective operational execution and potential for sustained profitability.
- Positive Revenue and Cash Flow Trends: Historical income statements and cash flow statements indicate consistent revenue growth and positive operating cash flow, supported by efficient cost management and operational output, positioning NGD favorably within the mining sector.
- Low Forward P/E Ratio: Based on forward P/E data, NGD’s valuation appears attractive with a forward P/E average below the industry average (as per sector and industry metrics), indicating potential undervaluation relative to peers and a favorable entry point for investors.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates NGD intrinsic value between $2.36 – $3.42 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about NGD valuation
Is New Gold Inc. (NGD) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for New Gold Inc. (NGD) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is NGD a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NGD trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is NGD’s P/E ratio?
You can see NGD’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for NGD?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is NGD a good long-term investment?
Whether NGD fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
NGD
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
[ms_data_label text="Daily snapshot"]
-4.12
Trading Metrics:
| Open: | [ms_cell_or_dash table='trading_quote' column='open'] | Previous Close: | [ms_cell_or_dash table='trading_quote' column='previousClose'] | |
| Day Low: | [ms_cell_or_dash table='trading_quote' column='dayLow'] | Day High: | [ms_cell_or_dash table='trading_quote' column='dayHigh'] | |
| Year Low: | 2.9 | Year High: | 13.63 | |
| Price Avg 50: | 11.14 | Price Avg 200: | 7.55 | |
| Volume: | 25.329M | Average Volume: | 17.711M |
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Login — it's freeNGD full analysis
Welcome to MARKETSNAP’s SWOT analysis for New Gold, a player in the gold mining space that some of you might not be as familiar with compared to the bigger names. If you’re a long-term investor looking to diversify into precious metals, stick around as we break down what makes New Gold (ticker NGD) tick, where it’s shining, and where it might be stumbling. We’ve got a packed analysis today with recent performance, key financials, and insights straight from their latest…
