New Gold Inc. engages in the acquisition, exploration, development, and operation of mineral properties in Canada, United States, Australia, Mexico, and Chile. The company was founded in 1980 and is based in Vancouver, Canada.
NGD Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for New Gold Inc. To summarize, we found that New Gold Inc ranked in the 0th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of New Gold Inc, consider:
Its compound free cash flow growth rate, as measured over the past 1 years, is -0.69% -- higher than only 1.35% of stocks in our DCF forecasting set.
New Gold Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.18. This coverage rate is greater than that of just 24.81% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, New Gold Inc experienced a tax rate of about 3% over the past twelve months; relative to its sector (Basic Materials), this tax rate is higher than only 23.86% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
AEM, AZEK, GSTX, HUN, and OEC can be thought of as valuation peers to NGD, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.
New Gold (NGD) has just released its fourth-quarter production update, providing investors with a chance to take a look at the company’s performance in the final quarter of the previous year. In the fourth quarter, New Gold produced 120,567 gold equivalent ounces ((GEO)), up from 115,536 GEO in the third...
Vladimir Zernov on Seeking Alpha | January 15, 2021
TORONTO--(BUSINESS WIRE)--January 14, 2021- New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) reports fourth quarter and annual operational results for the Company as of December 31, 2020, achieving the mid-range of the revised annual production guidance (refer to the Company's July 30, 2020 news release for further information). An earnings conference call and webcast will be held on February 19, 2021 beginning at 8:30 am Eastern Time to discuss the fourth quarter financ
TORONTO--(BUSINESS WIRE)--December 23, 2020– New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) today announced that it has completed the previously announced partial redemption of $200 million aggregate principal amount of its outstanding 6.375% Senior Notes due 2025. The redemption was funded with cash on hand. Following the completion of the transaction, the Company has approximately $205 million of cash on hand1 and $510 million of liquidity2. Based on cash and cash eq