CGAU
Centerra Gold Inc.
Gold
Market Cap$3.54B
5Y Perf.+75.2%
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Stock Comparison
CGAU vs NGD
Revenue, margins, valuation, and 5-year total return — side by side.
NGD
New Gold Inc.
Gold
Market Cap$7.19B
5Y Perf.+1009.1%
CGAU vs NGD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CGAU | NGD |
|---|---|---|
| Industry | Gold | Gold |
| Market Cap | $3.54B | $7.19B |
| Revenue (TTM) | $1.54B | $1.46B |
| Net Income (TTM) | $636M | $856M |
| Gross Margin | 34.9% | 51.8% |
| Operating Margin | 39.9% | 43.5% |
| Forward P/E | 9.1x | 6.6x |
| Total Debt | $30M | $396M |
| Cash & Equiv. | $528M | $330M |
CGAU vs NGD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CGAU
NGD
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Centerra Gold Inc. (CGAU) | 100 | 175.2 | +75.2% |
| New Gold Inc. (NGD) | 100 | 1109.1 | +1009.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CGAU vs NGD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: NGD leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Centerra Gold Inc. is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
CGAU
Centerra Gold Inc.
The Income Pick
CGAU is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 0.67, yield 1.1%
- 240.7% 10Y total return vs NGD's 110.7%
- Lower volatility, beta 0.67, Low D/E 1.4%, current ratio 2.39x
Best for: income & stability and long-term compounding
NGD
New Gold Inc.
The Growth Play
NGD carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 59.7%, EPS growth 6.7%, 3Y rev CAGR 34.7%
- 59.7% revenue growth vs CGAU's 9.5%
- Lower P/E (6.6x vs 9.1x)
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | NGD | 59.7% revenue growth vs CGAU's 9.5% |
| Value | NGD | Lower P/E (6.6x vs 9.1x) |
| Quality / Margins | NGD | 58.6% margin vs CGAU's 41.2% |
| Stability / Safety | CGAU | Beta 0.67 vs NGD's 0.97, lower leverage |
| Dividends | CGAU | 1.1% yield; 1-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | CGAU | +146.3% vs NGD's +122.5% |
| Efficiency (ROA) | NGD | 33.8% ROA vs CGAU's 23.1%, ROIC 29.5% vs 13.6% |
CGAU vs NGD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2022
Segment breakdown not available.
CGAU vs NGD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCGAULAGGINGNGD
NGDNew Gold Inc.
2leads
CGAUCenterra Gold Inc.
2leads
6 Total Categories
CATEGORYLEADERvs NGDMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
NGD6/6
Valuation MetricsMultiples, price ratios, and targets
CGAU5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
NGD5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
CGAU2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
NGD leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CGAU and NGD operate at a comparable scale, with $1.5B and $1.5B in trailing revenue. NGD is the more profitable business, keeping 58.6% of every revenue dollar as net income compared to CGAU's 41.2%. On growth, NGD holds the edge at +89.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CGAUCenterra Gold Inc. | NGDNew Gold Inc. |
|---|---|---|
| RevenueTrailing 12 months | $1.5B | $1.5B |
| EBITDAEarnings before interest/tax | $738M | $874M |
| Net IncomeAfter-tax profit | $636M | $856M |
| Free Cash FlowCash after capex | $132M | $279M |
| Gross MarginGross profit ÷ Revenue | +34.9% | +51.8% |
| Operating MarginEBIT ÷ Revenue | +39.9% | +43.5% |
| Net MarginNet income ÷ Revenue | +41.2% | +58.6% |
| FCF MarginFCF ÷ Revenue | +8.5% | +19.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +61.8% | +89.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.0% | +11.1% |
NGD leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
CGAU leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 6.1x trailing earnings, CGAU trades at a 91% valuation discount to NGD's 64.9x P/E. On an enterprise value basis, CGAU's 8.3x EV/EBITDA is more attractive than NGD's 17.7x.
| Metric | CGAUCenterra Gold Inc. | NGDNew Gold Inc. |
|---|---|---|
| Market CapShares × price | $3.5B | $7.2B |
| Enterprise ValueMkt cap + debt − cash | $3.0B | $7.5B |
| Trailing P/EPrice ÷ TTM EPS | 6.14x | 64.86x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.08x | 6.62x |
| PEG RatioP/E ÷ EPS growth rate | 0.42x | — |
| EV / EBITDAEnterprise value multiple | 8.31x | 17.69x |
| Price / SalesMarket cap ÷ Revenue | 2.67x | 7.78x |
| Price / BookPrice ÷ Book value/share | 1.77x | 6.49x |
| Price / FCFMarket cap ÷ FCF | 37.47x | 59.07x |
CGAU leads this category, winning 5 of 6 comparable metrics.
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 $33 for CGAU. CGAU carries lower financial leverage with a 0.01x 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 CGAU's 4/9, reflecting strong financial health.
| Metric | CGAUCenterra Gold Inc. | NGDNew Gold Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +32.6% | +64.8% |
| ROA (TTM)Return on assets | +23.1% | +33.8% |
| ROICReturn on invested capital | +13.6% | +29.5% |
| ROCEReturn on capital employed | +10.6% | +28.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.01x | 0.21x |
| Net DebtTotal debt minus cash | -$498M | $66M |
| Cash & Equiv.Liquid assets | $528M | $330M |
| Total DebtShort + long-term debt | $30M | $396M |
| Interest CoverageEBIT ÷ Interest expense | 51.90x | 24.33x |
NGD leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — CGAU and NGD each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NGD five years ago would be worth $49,081 today (with dividends reinvested), compared to $27,134 for CGAU. Over the past 12 months, CGAU leads with a +146.3% total return vs NGD's +122.5%. The 3-year compound annual growth rate (CAGR) favors NGD at 85.6% vs CGAU's 38.6% — a key indicator of consistent wealth creation.
| Metric | CGAUCenterra Gold Inc. | NGDNew Gold Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +25.9% | +6.1% |
| 1-Year ReturnPast 12 months | +146.3% | +122.5% |
| 3-Year ReturnCumulative with dividends | +166.1% | +539.4% |
| 5-Year ReturnCumulative with dividends | +171.3% | +390.8% |
| 10-Year ReturnCumulative with dividends | +240.7% | +110.7% |
| CAGR (3Y)Annualised 3-year return | +38.6% | +85.6% |
Evenly matched — CGAU and NGD each lead in 3 of 6 comparable metrics.
Risk & Volatility
CGAU leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CGAU is the less volatile stock with a 0.67 beta — it tends to amplify market swings less than NGD's 0.97 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CGAU currently trades 83.8% from its 52-week high vs NGD's 66.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CGAUCenterra Gold Inc. | NGDNew Gold Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.67x | 0.97x |
| 52-Week HighHighest price in past year | $21.17 | $13.63 |
| 52-Week LowLowest price in past year | $6.35 | $3.67 |
| % of 52W HighCurrent price vs 52-week peak | +83.8% | +66.6% |
| RSI (14)Momentum oscillator 0–100 | 48.8 | 35.6 |
| Avg Volume (50D)Average daily shares traded | 1.7M | 12.9M |
CGAU leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates CGAU as "Buy" and NGD as "Buy". Consensus price targets imply 36.3% upside for NGD (target: $12) vs 7.0% for CGAU (target: $19). CGAU is the only dividend payer here at 1.15% yield — a key consideration for income-focused portfolios.
| Metric | CGAUCenterra Gold Inc. | NGDNew Gold Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $19.00 | $12.38 |
| # AnalystsCovering analysts | 5 | 18 |
| Dividend YieldAnnual dividend ÷ price | +1.1% | — |
| Dividend StreakConsecutive years of raises | 1 | — |
| Dividend / ShareAnnual DPS | $0.20 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.7% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
NGD leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CGAU leads in 2 (Valuation Metrics, Risk & Volatility). 1 tied.
Best OverallCenterra Gold Inc. (CGAU)Leads 2 of 6 categories
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CGAU vs NGD: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CGAU or NGD a better buy right now?
For growth investors, New Gold Inc.
(NGD) is the stronger pick with 59. 7% revenue growth year-over-year, versus 9. 5% for Centerra Gold Inc. (CGAU). Centerra Gold Inc. (CGAU) offers the better valuation at 6. 1x trailing P/E (9. 1x forward), making it the more compelling value choice. Analysts rate Centerra Gold Inc. (CGAU) a "Buy" — based on 5 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 — CGAU or NGD?
On trailing P/E, Centerra Gold Inc.
(CGAU) is the cheapest at 6. 1x 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 — CGAU or NGD?
Over the past 5 years, New Gold Inc.
(NGD) delivered a total return of +390. 8%, compared to +171. 3% for Centerra Gold Inc. (CGAU). Over 10 years, the gap is even starker: CGAU returned +240. 7% versus NGD's +110. 7%. 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 — CGAU or NGD?
By beta (market sensitivity over 5 years), Centerra Gold Inc.
(CGAU) is the lower-risk stock at 0. 67β versus New Gold Inc. 's 0. 97β — meaning NGD is approximately 46% more volatile than CGAU relative to the S&P 500. On balance sheet safety, Centerra Gold Inc. (CGAU) carries a lower debt/equity ratio of 1% versus 21% for New Gold Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CGAU or NGD?
By revenue growth (latest reported year), New Gold Inc.
(NGD) is pulling ahead at 59. 7% versus 9. 5% for Centerra Gold Inc. (CGAU). On earnings-per-share growth, the picture is similar: Centerra Gold Inc. grew EPS 725. 7% year-over-year, compared to 671. 4% for New Gold Inc.. Over a 3-year CAGR, NGD leads at 34. 7% 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 — CGAU or NGD?
New Gold Inc.
(NGD) is the more profitable company, earning 58. 1% net margin versus 44. 7% for Centerra 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 17. 9% for CGAU. 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 CGAU or NGD more undervalued right now?
On forward earnings alone, New Gold Inc.
(NGD) trades at 6. 6x forward P/E versus 9. 1x for Centerra Gold Inc. — 2. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NGD: 36. 3% to $12. 38.
08Which pays a better dividend — CGAU or NGD?
In this comparison, CGAU (1.
1% yield) pays a dividend. NGD does not pay a meaningful dividend and should not be held primarily for income.
09Is CGAU or NGD better for a retirement portfolio?
For long-horizon retirement investors, Centerra Gold Inc.
(CGAU) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 67), 1. 1% yield, +240. 7% 10Y return). Both have compounded well over 10 years (CGAU: +240. 7%, NGD: +110. 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.
10What are the main differences between CGAU and NGD?
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: CGAU is a small-cap deep-value stock; NGD is a small-cap high-growth stock. CGAU pays a dividend while NGD does not, making them suitable for different income and tax situations. 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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Revenue Growth>
%
(CGAU: 61.8% · NGD: 89.2%)Net Margin>
%
(CGAU: 41.2% · NGD: 58.6%)P/E Ratio<
x
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