Is NGD a good stock to buy right now?

Based on our 6-factor quantitative model, New Gold Inc. /FI (NGD) receives a "Hold" rating with a composite score of 54.9/100. It is ranked #1,034 out of 4,446 stocks. Key factor scores: Quality 37/100, Value 55/100, Momentum 83/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for NGD?

New Gold Inc. /FI (NGD) has a "Hold" rating and 3-star score. The composite score of 54.9 ranks it #1,034 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is NGD in?

New Gold Inc. /FI operates in the Materials sector (Non-Metallic And Industrial Metal Mining industry) with a market cap of $7.19 billion. It is classified as a mid-cap stock.

Does NGD pay a dividend?

NGD does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is NGD's P/E ratio?

NGD has a trailing P/E ratio of 64.86x. The Materials sector average is 26.5x. This above-average P/E reflects growth expectations or premium valuation.

How profitable is NGD?

NGD's quality factor score is 37/100. Gross margin: 52.8%. ROE: 39.0% vs sector average 3.3%. High margins suggest pricing power and competitive moats.

How is NGD valued compared to peers?

NGD's value factor score is 55/100 (higher = cheaper). Key multiples: P/E 64.9x, EV/EBITDA 5.5x. Valuation is roughly in line with peers.

What is NGD's debt level?

NGD's debt-to-equity ratio is 38%. Sector average: 41%. Low leverage suggests conservative financial management.

NGD has a beta of 1.32, meaning it amplifies market moves. Stability score: 49/100.

Does NGD have high short interest?

NGD's short interest factor score is 48/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

NGD Stock Analysis: Top Mid-Cap Hold (Score 54.9/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
NGD	-4.12%	-15.30%	-23.70%	+4.25%	+168.64%	-	-	-
Industry Proxy XLB	+0.56%	+3.07%	+4.17%	+14.58%	-33.54%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-4.05%	-18.90%	-24.03%	+4.61%	+139.11%	-	-	-
Alpha vs Sector	-4.68%	-18.37%	-27.87%	-10.33%	+202.18%	-	-	-

Metric	NGD	Benchmark
P/E Ratio	64.9x	+145%
EV/EBITDA	5.5x	-9%
Price / Book	6.8x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
CF CF Industries Holdings, Inc.	57	50	72	66	12.5x	21.1%	36.2%	24.9%	5.5%	41.0x	$19.7B	VS
NTR Nutrien Ltd.	57	37	70	64	53.5x	11.5%	29.0%	2.7%	-	52.0x	$35.9B	VS
UAN CVR PARTNERS, LP	56	50	71	67	12.2x	42.4%	28.5%	17.8%	23.1%	265.0x	$1.3B	VS
NGD New Gold Inc. /FI	55	37	55	83	64.9x	39.0%	52.8%	11.1%	-	38.0x	$7.2B
LXU LSB INDUSTRIES, INC.	54	50	54	73	39.7x	-3.3%	8.6%	-4.5%	11.0%	85.0x	$1.1B	VS
AA Alcoa Corp	54	50	61	71	19.0x	16.6%	10.0%	8.0%	3.1%	40.0x	$19.0B	VS
MEOH METHANEX CORP	53	34	76	72	23.8x	47.8%	19.1%	6.7%	-	149.0x	$4.6B	VS
NGVT Ingevity Corp	53	50	68	66	53.4x	-638.7%	38.1%	-12.1%	-14.7%	5,459.0x	$2.5B	VS
SEE SEALED AIR CORP/DE	52	50	67	59	11.2x	44.7%	30.2%	10.4%	0.5%	318.0x	$6.2B	VS
ACU ACME UNITED CORP	51	50	71	51	15.9x	9.0%	39.4%	5.2%	-11.5%	45.0x	$171M	VS
APD Air Products & Chemicals, Inc.	51	50	49	50	176.7x	2.4%	31.6%	2.2%	3.9%	114.0x	$64.4B	VS

Key Ratio	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.5%	0.5%	0.4%	0.4%	0.5%	0.5%	0.4%	0.5%	0.5%	0.5%
Operating Margin %	0.2%	0.2%	0.1%	-0.0%	0.2%	0.1%	-0.0%	-1.7%	-0.7%	0.0%
EBITDA Margin %	0.4%	0.4%	0.2%	0.3%	0.5%	0.3%	0.4%	-1.3%	-0.1%	0.4%
Net Margin %	0.1%	0.1%	-0.1%	-0.1%	0.2%	-0.1%	-0.1%	-2.1%	-0.3%	-0.0%
FCF Margin %	13.2%	13.2%	2.8%	-16.9%	10.2%	-90.0%	1.6%	5.2%	-148.3%	-52.4%
ROE %	0.4%	0.1%	-0.1%	-0.1%	0.1%	-0.1%	-0.1%	-1.3%	-0.1%	-0.0%
ROA %	0.2%	0.1%	-0.0%	-0.0%	0.1%	-0.0%	-0.0%	-0.6%	-0.0%	-0.0%
ROIC %	10.7%	10.7%	4.9%	-1.1%	11.2%	5.9%	-0.4%	-50.5%	-6.6%	0.2%

Key Ratio

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.5%

0.4%

0.5%

0.4%

0.5%

Operating Margin %

0.2%

0.1%

-0.0%

0.2%

0.1%

-0.0%

-1.7%

-0.7%

0.0%

EBITDA Margin %

0.4%

0.2%

0.3%

0.5%

0.3%

0.4%

-1.3%

-0.1%

0.4%

Net Margin %

0.1%

-0.1%

0.2%

-0.1%

-2.1%

-0.3%

-0.0%

FCF Margin %

13.2%

2.8%

-16.9%

10.2%

-90.0%

1.6%

5.2%

-148.3%

-52.4%

ROE %

0.4%

0.1%

-0.1%

0.1%

-0.1%

-1.3%

-0.1%

-0.0%

ROA %

0.2%

0.1%

-0.0%

0.1%

-0.0%

-0.6%

-0.0%

ROIC %

10.7%

4.9%

-1.1%

11.2%

5.9%

-0.4%

-50.5%

-6.6%

0.2%

Line Item	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016
	$925M	$925M	$787M	$604M	$746M	$643M	$631M	$605M	$604M	$523M
	$488M	$488M	$336M	$222M	$368M	$304M	$259M	$279M	$283M	$247M
Gross Margin	52.8%	52.8%	42.7%	36.7%	49.4%	47.2%	41.0%	46.2%	49.0%	47.3%
	—	$248M	$235M	$196M	$197M	$195M	$242M	$241M	$160M	$200M
	$182M	$182M	$62M	-$16M	$137M	$81M	-$8M	-$1.0B	-$245M	$6M
EBIT	$182M	$182M	$62M	-$16M	$137M	$81M	-$8M	-$1.0B	-$245M	$6M
EBITDA	$342M	$342M	$182M	$155M	$392M	$198M	$228M	-$787M	-$71M	$198M
Operating Margin	19.7%	19.7%	7.9%	-2.6%	18.4%	12.7%	-1.3%	-173.1%	-71.4%	1.1%
EBITDA Margin	36.9%	36.9%	23.1%	25.6%	52.5%	30.7%	36.2%	-130.2%	-11.7%	37.9%
	—	$17M	$13M	$28M	$35M	$79M	$63M	$69M	$13M	$10M
	—	-$19M	$5M	$1M	$20M	$4M	-$400K	-$25M	-$116M	-$2M
	$103M	$103M	-$65M	-$67M	$141M	-$79M	-$74M	-$1.2B	-$108M	-$7M
Net Margin	11.1%	11.1%	-8.2%	-11.1%	18.9%	-12.3%	-11.7%	-205.2%	-27.8%	-1.3%
	$0.14	$0.14	$-0.09	$-0.10	$0.21	$-0.12	$-0.12	$-2.12	$-0.19	$-0.01
Diluted EPS	$0.14	$0.14	$-0.09	$-0.10	$0.21	$-0.12	$-0.12	$-2.12	$-0.19	$-0.01

Line Item

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

$925M

$787M

$604M

$746M

$643M

$631M

$605M

$604M

$523M

$488M

$336M

$222M

$368M

$304M

$259M

$279M

$283M

$247M

Gross Margin

52.8%

42.7%

36.7%

49.4%

47.2%

41.0%

46.2%

49.0%

47.3%

—

$248M

$235M

$196M

$197M

$195M

$242M

$241M

$160M

$200M

$182M

$62M

-$16M

$137M

$81M

-$8M

-$1.0B

-$245M

$6M

EBIT

$182M

$62M

-$16M

$137M

$81M

-$8M

-$1.0B

-$245M

$6M

EBITDA

$342M

$182M

$155M

$392M

$198M

$228M

-$787M

-$71M

$198M

Operating Margin

19.7%

7.9%

-2.6%

18.4%

12.7%

-1.3%

-173.1%

-71.4%

1.1%

EBITDA Margin

36.9%

23.1%

25.6%

52.5%

30.7%

36.2%

-130.2%

-11.7%

37.9%

—

$17M

$13M

$28M

$35M

$79M

$63M

$69M

$13M

$10M

—

-$19M

$5M

$1M

$20M

$4M

-$400K

-$25M

-$116M

-$2M

$103M

-$65M

-$67M

$141M

-$79M

-$74M

-$1.2B

-$108M

-$7M

Net Margin

11.1%

-8.2%

-11.1%

18.9%

-12.3%

-11.7%

-205.2%

-27.8%

-1.3%

$0.14

$-0.09

$-0.10

$0.21

$-0.12

$-2.12

$-0.19

$-0.01

Diluted EPS

$0.14

$-0.09

$-0.10

$0.21

$-0.12

$-2.12

$-0.19

$-0.01

New Gold Inc. /FI (NGD) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does New Gold Inc. /FI Do?

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. New Gold Inc. /FI (NGD) is classified as a mid-cap stock in the Materials sector, specifically within the Non-Metallic And Industrial Metal Mining industry. The company is led by CEO Patrick Godin and employs approximately 1,570 people, headquartered in Vancouver, Ontario. With a market capitalization of $7.2B, NGD is one of the notable companies in the Materials sector.

New Gold Inc. /FI (NGD) Stock Rating — Hold (April 2026)

As of April 2026, New Gold Inc. /FI receives a Hold rating with a composite score of 54.9/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.NGD ranks #1,034 out of 4,446 stocks in our coverage universe. Within the Materials sector, New Gold Inc. /FI ranks #66 of 284 stocks, placing it in the top quartile of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

NGD Stock Price and 52-Week Range

New Gold Inc. /FI (NGD) currently trades at $9.47. The stock lost $0.87 (8.4%) in the most recent trading session. The 52-week high for NGD is $13.63, which means the stock is currently trading -30.5% from its annual peak. The 52-week low is $2.90, putting the stock 227.1% above its annual trough. Recent trading volume was 20.2M shares, indicating strong institutional interest and high liquidity.

Is NGD Overvalued or Undervalued? — Valuation Analysis

New Gold Inc. /FI (NGD) carries a value factor score of 55/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 64.86x, compared to the Materials sector average of 26.50x — a premium of 145%. The price-to-book ratio stands at 6.83x, versus the sector average of 2.83x. The price-to-sales ratio is 1.94x, compared to 0.74x for the average Materials stock. On an enterprise value basis, NGD trades at 5.48x EV/EBITDA, versus 6.01x for the sector.

Overall, NGD's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

New Gold Inc. /FI Profitability — ROE, Margins, and Quality Score

New Gold Inc. /FI (NGD) earns a quality factor score of 37/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 39.0%, compared to the Materials sector average of 3.3%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 20.5% versus the sector average of 0.6%.

On a margin basis, New Gold Inc. /FI reports gross margins of 52.8%, compared to 29.8% for the sector. The operating margin is 19.7% (sector: 6.0%). Net profit margin stands at 11.1%, versus 3.0% for the average Materials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

NGD Debt, Balance Sheet, and Financial Health

New Gold Inc. /FI has a debt-to-equity ratio of 38.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $397M. Cash and equivalents stand at $105M.

NGD has a beta of 1.32, meaning it is more volatile than the broader market — a $10,000 investment in NGD would be expected to move 32.3% more than the S&P 500 on any given day. The stability factor score for New Gold Inc. /FI is 49/100, reflecting average volatility within the normal range for its sector.

New Gold Inc. /FI Revenue and Earnings History — Quarterly Trend

In TTM 2026, New Gold Inc. /FI reported revenue of $925M and earnings per share (EPS) of $0.14. Net income for the quarter was $103M. Gross margin was 52.8%. Operating income came in at $182M.

In FY 2024, New Gold Inc. /FI reported revenue of $925M and earnings per share (EPS) of $0.14. Net income for the quarter was $103M. Gross margin was 52.8%. Revenue grew 17.5% year-over-year compared to FY 2023. Operating income came in at $182M.

In FY 2023, New Gold Inc. /FI reported revenue of $787M and earnings per share (EPS) of $-0.09. Net income for the quarter was $-65M. Gross margin was 42.7%. Revenue grew 30.1% year-over-year compared to FY 2022. Operating income came in at $62M.

In FY 2022, New Gold Inc. /FI reported revenue of $604M and earnings per share (EPS) of $-0.10. Net income for the quarter was $-67M. Gross margin was 36.7%. Revenue grew -18.9% year-over-year compared to FY 2021. Operating income came in at $-16M.

Over the past 8 quarters, New Gold Inc. /FI has demonstrated a growth trajectory, with revenue expanding from $605M to $925M. Investors analyzing NGD stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

NGD Dividend Yield and Income Analysis

New Gold Inc. /FI (NGD) does not currently pay a dividend. This is common among smaller companies in the Non-Metallic And Industrial Metal Mining industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

NGD Momentum and Technical Analysis Profile

New Gold Inc. /FI (NGD) has a momentum factor score of 83/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 50/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.

NGD vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, New Gold Inc. /FI (NGD) ranks #66 out of 284 stocks based on the Blank Capital composite score. This places NGD in the top quartile of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing NGD against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NGD vs S&P 500 (SPY) comparison to assess how New Gold Inc. /FI stacks up against the broader market across all factor dimensions.

NGD Next Earnings Date

No upcoming earnings date has been announced for New Gold Inc. /FI (NGD) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy NGD? — Investment Thesis Summary

New Gold Inc. /FI presents a balanced picture with arguments on both sides. The quality score of 37/100 flags below-average profitability. Price momentum is positive at 83/100, suggesting the trend favors buyers.

In summary, New Gold Inc. /FI (NGD) earns a Hold rating with a composite score of 54.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NGD stock.

Related Resources for NGD Investors

Explore more research and tools: NGD vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare NGD head-to-head with peers: NGD vs CF, NGD vs NTR, NGD vs UAN.

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New Gold Inc. /FI (NGD) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does New Gold Inc. /FI Do?

New Gold Inc. /FI (NGD) Stock Rating — Hold (April 2026)

NGD Stock Price and 52-Week Range

Is NGD Overvalued or Undervalued? — Valuation Analysis

New Gold Inc. /FI Profitability — ROE, Margins, and Quality Score

NGD Debt, Balance Sheet, and Financial Health

New Gold Inc. /FI Revenue and Earnings History — Quarterly Trend

NGD Dividend Yield and Income Analysis

NGD Momentum and Technical Analysis Profile

NGD vs Competitors — Materials Sector Ranking and Peer Comparison

NGD Next Earnings Date

Should You Buy NGD? — Investment Thesis Summary

Related Resources for NGD Investors

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