New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia. New Gold Inc. is headquartered in Toronto, Canada.
Strategic Expansion | New Gold Inc. increases stake in New Afton mine to 80.1%, boosting attributable life-of-mine cash flow by 39% and enhancing long-term value proposition |
Financial Outlook | Analysts project significant free cash flow generation, with price targets ranging from $2.60 to $4.00, despite short-term adjustments in revenue estimates |
Exploration Promise | Delve into New Afton's K-Zone drill results, suggesting potential mine life extension and increased resource value, bolstering New Gold's market position |
Risk vs. Reward | Examine the balance between concentrated asset risk and operational control, as New Gold leverages increased New Afton ownership against market volatility |
Metrics to compare | NGD | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipNGDPeersSector | |
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P/E Ratio | 26.2x | 13.4x | 1.5x | |
PEG Ratio | 0.11 | 0.05 | 0.00 | |
Price/Book | 2.5x | 1.4x | 1.6x | |
Price / LTM Sales | 2.9x | 2.4x | 1.2x | |
Upside (Analyst Target) | 18.0% | 26.5% | 31.8% | |
Fair Value Upside | Unlock | 22.5% | 3.8% | Unlock |