NGD vs. NEM
Compare and contrast key facts about New Gold Inc. (NGD) and Newmont Goldcorp Corporation (NEM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGD or NEM.
Correlation
The correlation between NGD and NEM is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NGD vs. NEM - Performance Comparison
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Key characteristics
NGD:
1.83
NEM:
0.46
NGD:
2.29
NEM:
0.83
NGD:
1.27
NEM:
1.12
NGD:
1.07
NEM:
0.33
NGD:
8.86
NEM:
0.95
NGD:
10.48%
NEM:
18.04%
NGD:
58.90%
NEM:
37.00%
NGD:
-96.73%
NEM:
-77.55%
NGD:
-73.24%
NEM:
-36.83%
Fundamentals
NGD:
$3.08B
NEM:
$55.73B
NGD:
$0.18
NEM:
$4.39
NGD:
21.56
NEM:
11.41
NGD:
-2.09
NEM:
0.79
NGD:
3.27
NEM:
2.83
NGD:
2.92
NEM:
1.92
NGD:
$934.03M
NEM:
$19.65B
NGD:
$251.76M
NEM:
$7.72B
NGD:
$379.29M
NEM:
$9.78B
Returns By Period
In the year-to-date period, NGD achieves a 51.61% return, which is significantly higher than NEM's 31.51% return. Over the past 10 years, NGD has underperformed NEM with an annualized return of 0.95%, while NEM has yielded a comparatively higher 8.34% annualized return.
NGD
51.61%
4.74%
51.61%
106.59%
29.95%
0.95%
NEM
31.51%
-11.19%
19.43%
16.93%
-3.38%
8.34%
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Risk-Adjusted Performance
NGD vs. NEM — Risk-Adjusted Performance Rank
NGD
NEM
NGD vs. NEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and Newmont Goldcorp Corporation (NEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
NGD vs. NEM - Dividend Comparison
NGD has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 2.06%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGD New Gold Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEM Newmont Goldcorp Corporation | 2.06% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% | 1.19% |
Drawdowns
NGD vs. NEM - Drawdown Comparison
The maximum NGD drawdown since its inception was -96.73%, which is greater than NEM's maximum drawdown of -77.55%. Use the drawdown chart below to compare losses from any high point for NGD and NEM. For additional features, visit the drawdowns tool.
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Volatility
NGD vs. NEM - Volatility Comparison
New Gold Inc. (NGD) has a higher volatility of 23.77% compared to Newmont Goldcorp Corporation (NEM) at 11.57%. This indicates that NGD's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
NGD vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between New Gold Inc. and Newmont Goldcorp Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NGD vs. NEM - Profitability Comparison
NGD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, New Gold Inc. reported a gross profit of 47.57M and revenue of 208.17M. Therefore, the gross margin over that period was 22.9%.
NEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Newmont Goldcorp Corporation reported a gross profit of 2.31B and revenue of 5.01B. Therefore, the gross margin over that period was 46.1%.
NGD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, New Gold Inc. reported an operating income of 22.00M and revenue of 208.17M, resulting in an operating margin of 10.6%.
NEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Newmont Goldcorp Corporation reported an operating income of 2.02B and revenue of 5.01B, resulting in an operating margin of 40.2%.
NGD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, New Gold Inc. reported a net income of -16.65M and revenue of 208.17M, resulting in a net margin of -8.0%.
NEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Newmont Goldcorp Corporation reported a net income of 1.89B and revenue of 5.01B, resulting in a net margin of 37.7%.