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NGD vs CDE
Revenue, margins, valuation, and 5-year total return — side by side.
Gold
NGD vs CDE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Gold | Gold |
| Market Cap | $7.19B | $12.04B |
| Revenue (TTM) | $1.46B | $2.57B |
| Net Income (TTM) | $856M | $799M |
| Gross Margin | 51.8% | 35.4% |
| Operating Margin | 43.5% | 39.4% |
| Forward P/E | 6.6x | 9.4x |
| Total Debt | $396M | $365M |
| Cash & Equiv. | $330M | $554M |
NGD vs CDE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | Mar 26 | Return |
|---|---|---|---|
| New Gold Inc. (NGD) | 100 | 750.4 | +650.4% |
| Coeur Mining, Inc. (CDE) | 100 | 472.2 | +372.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NGD vs CDE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NGD carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- beta 0.97
- Lower volatility, beta 0.97, Low D/E 20.7%, current ratio 1.32x
- Beta 0.97, current ratio 1.32x
CDE is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 96.4%, EPS growth 5.0%, 3Y rev CAGR 38.1%
- 137.2% 10Y total return vs NGD's 97.4%
- 96.4% revenue growth vs NGD's 59.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 96.4% revenue growth vs NGD's 59.7% | |
| Value | Lower P/E (6.6x vs 9.4x) | |
| Quality / Margins | 58.6% margin vs CDE's 31.1% | |
| Stability / Safety | Beta 0.97 vs CDE's 1.81 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +223.7% vs NGD's +116.2% | |
| Efficiency (ROA) | 33.8% ROA vs CDE's 11.2%, ROIC 29.5% vs 23.5% |
NGD vs CDE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
NGD vs CDE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NGD leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CDE is the larger business by revenue, generating $2.6B annually — 1.8x NGD's $1.5B. NGD is the more profitable business, keeping 58.6% of every revenue dollar as net income compared to CDE's 31.1%. On growth, CDE holds the edge at +137.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.5B | $2.6B |
| EBITDAEarnings before interest/tax | $874M | $1.2B |
| Net IncomeAfter-tax profit | $856M | $799M |
| Free Cash FlowCash after capex | $279M | $915M |
| Gross MarginGross profit ÷ Revenue | +51.8% | +35.4% |
| Operating MarginEBIT ÷ Revenue | +43.5% | +39.4% |
| Net MarginNet income ÷ Revenue | +58.6% | +31.1% |
| FCF MarginFCF ÷ Revenue | +19.1% | +35.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +89.2% | +137.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +11.1% | +4.5% |
Valuation Metrics
CDE leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 20.8x trailing earnings, CDE trades at a 68% valuation discount to NGD's 64.9x P/E. On an enterprise value basis, CDE's 11.6x EV/EBITDA is more attractive than NGD's 17.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $7.2B | $12.0B |
| Enterprise ValueMkt cap + debt − cash | $7.5B | $11.8B |
| Trailing P/EPrice ÷ TTM EPS | 64.86x | 20.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 6.62x | 9.42x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.40x |
| EV / EBITDAEnterprise value multiple | 17.69x | 11.58x |
| Price / SalesMarket cap ÷ Revenue | 7.78x | 5.81x |
| Price / BookPrice ÷ Book value/share | 6.49x | 3.68x |
| Price / FCFMarket cap ÷ FCF | 59.07x | 18.08x |
Profitability & Efficiency
NGD leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
NGD delivers a 64.8% return on equity — every $100 of shareholder capital generates $65 in annual profit, vs $15 for CDE. CDE carries lower financial leverage with a 0.11x debt-to-equity ratio, signaling a more conservative balance sheet compared to NGD's 0.21x. On the Piotroski fundamental quality scale (0–9), NGD scores 7/9 vs CDE's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +64.8% | +15.2% |
| ROA (TTM)Return on assets | +33.8% | +11.2% |
| ROICReturn on invested capital | +29.5% | +23.5% |
| ROCEReturn on capital employed | +28.5% | +23.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.21x | 0.11x |
| Net DebtTotal debt minus cash | $66M | -$188M |
| Cash & Equiv.Liquid assets | $330M | $554M |
| Total DebtShort + long-term debt | $396M | $365M |
| Interest CoverageEBIT ÷ Interest expense | 24.33x | 47.33x |
Total Returns (Dividends Reinvested)
Evenly matched — NGD and CDE each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NGD five years ago would be worth $49,890 today (with dividends reinvested), compared to $20,303 for CDE. Over the past 12 months, CDE leads with a +223.7% total return vs NGD's +116.2%. The 3-year compound annual growth rate (CAGR) favors NGD at 85.6% vs CDE's 74.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +6.1% | +6.8% |
| 1-Year ReturnPast 12 months | +116.2% | +223.7% |
| 3-Year ReturnCumulative with dividends | +539.4% | +432.4% |
| 5-Year ReturnCumulative with dividends | +398.9% | +103.0% |
| 10-Year ReturnCumulative with dividends | +97.4% | +137.2% |
| CAGR (3Y)Annualised 3-year return | +85.6% | +74.6% |
Risk & Volatility
Evenly matched — NGD and CDE each lead in 1 of 2 comparable metrics.
Risk & Volatility
NGD is the less volatile stock with a 0.97 beta — it tends to amplify market swings less than CDE's 1.81 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.97x | 1.81x |
| 52-Week HighHighest price in past year | $13.63 | $27.77 |
| 52-Week LowLowest price in past year | $3.67 | $5.51 |
| % of 52W HighCurrent price vs 52-week peak | +66.6% | +67.5% |
| RSI (14)Momentum oscillator 0–100 | 35.6 | 39.0 |
| Avg Volume (50D)Average daily shares traded | 12.6M | 21.8M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates NGD as "Buy" and CDE as "Buy". Consensus price targets imply 54.7% upside for CDE (target: $29) vs 36.3% for NGD (target: $12).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $12.38 | $29.00 |
| # AnalystsCovering analysts | 18 | 21 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 0 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% |
NGD leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CDE leads in 1 (Valuation Metrics). 2 tied.
NGD vs CDE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NGD or CDE a better buy right now?
For growth investors, Coeur Mining, Inc.
(CDE) is the stronger pick with 96. 4% revenue growth year-over-year, versus 59. 7% for New Gold Inc. (NGD). Coeur Mining, Inc. (CDE) offers the better valuation at 20. 8x trailing P/E (9. 4x forward), making it the more compelling value choice. Analysts rate New Gold Inc. (NGD) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NGD or CDE?
On trailing P/E, Coeur Mining, Inc.
(CDE) is the cheapest at 20. 8x versus New Gold Inc. at 64. 9x. On forward P/E, New Gold Inc. is actually cheaper at 6. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — NGD or CDE?
Over the past 5 years, New Gold Inc.
(NGD) delivered a total return of +398. 9%, compared to +103. 0% for Coeur Mining, Inc. (CDE). Over 10 years, the gap is even starker: CDE returned +137. 2% versus NGD's +97. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NGD or CDE?
By beta (market sensitivity over 5 years), New Gold Inc.
(NGD) is the lower-risk stock at 0. 97β versus Coeur Mining, Inc. 's 1. 81β — meaning CDE is approximately 87% more volatile than NGD relative to the S&P 500. On balance sheet safety, Coeur Mining, Inc. (CDE) carries a lower debt/equity ratio of 11% versus 21% for New Gold Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — NGD or CDE?
By revenue growth (latest reported year), Coeur Mining, Inc.
(CDE) is pulling ahead at 96. 4% versus 59. 7% for New Gold Inc. (NGD). On earnings-per-share growth, the picture is similar: New Gold Inc. grew EPS 671. 4% year-over-year, compared to 500. 0% for Coeur Mining, Inc.. Over a 3-year CAGR, CDE leads at 38. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NGD or CDE?
New Gold Inc.
(NGD) is the more profitable company, earning 58. 1% net margin versus 28. 3% for Coeur Mining, Inc. — meaning it keeps 58. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NGD leads at 44. 4% versus 36. 3% for CDE. At the gross margin level — before operating expenses — NGD leads at 53. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NGD or CDE more undervalued right now?
On forward earnings alone, New Gold Inc.
(NGD) trades at 6. 6x forward P/E versus 9. 4x for Coeur Mining, Inc. — 2. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CDE: 54. 7% to $29. 00.
08Which pays a better dividend — NGD or CDE?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is NGD or CDE better for a retirement portfolio?
For long-horizon retirement investors, New Gold Inc.
(NGD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 97)). Coeur Mining, Inc. (CDE) carries a higher beta of 1. 81 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NGD: +97. 4%, CDE: +137. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NGD and CDE?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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