SA vs NGD

New Gold Inc.

(NGD) offers the better valuation at 64. 9x trailing P/E (6. 6x forward), making it the more compelling value choice. Analysts rate Seabridge Gold Inc. (SA) a "Buy" — based on 4 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.

Over the past 5 years, New Gold Inc.

(NGD) delivered a total return of +398. 9%, compared to +70. 8% for Seabridge Gold Inc. (SA). Over 10 years, the gap is even starker: SA returned +125. 7% 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.

By beta (market sensitivity over 5 years), New Gold Inc.

(NGD) is the lower-risk stock at 0. 97β versus Seabridge Gold Inc. 's 1. 21β — meaning SA is approximately 24% more volatile than NGD relative to the S&P 500. On balance sheet safety, New Gold Inc. (NGD) carries a lower debt/equity ratio of 21% versus 67% for Seabridge Gold Inc. — giving it more financial flexibility in a downturn.

On earnings-per-share growth, the picture is similar: New Gold Inc.

grew EPS 671. 4% year-over-year, compared to 0. 0% for Seabridge Gold Inc.. 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.

New Gold Inc.

(NGD) is the more profitable company, earning 58. 1% net margin versus 0. 0% for Seabridge Gold 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 0. 0% for SA. 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.

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.

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)). Both have compounded well over 10 years (NGD: +97. 4%, SA: +125. 7%), 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.

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.

In terms of investment character: SA is a small-cap quality compounder stock; NGD is a small-cap high-growth stock. 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.