SA vs NGD vs OR vs TRX vs EGO

For growth investors, New Gold Inc.

(NGD) is the stronger pick with 59. 7% revenue growth year-over-year, versus 39. 9% for Eldorado Gold Corporation (EGO). Eldorado Gold Corporation (EGO) offers the better valuation at 13. 2x trailing P/E (7. 8x 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.

On trailing P/E, Eldorado Gold Corporation (EGO) is the cheapest at 13.

2x 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. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Eldorado Gold Corporation wins at 0. 29x versus OR Royalties Inc. 's 0. 30x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, New Gold Inc.

(NGD) delivered a total return of +390. 8%, compared to +63. 6% for Seabridge Gold Inc. (SA). Over 10 years, the gap is even starker: OR returned +217. 0% versus EGO's +58. 6%. 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), OR Royalties Inc.

(OR) is the lower-risk stock at 0. 54β versus TRX Gold Corporation's 1. 79β — meaning TRX is approximately 232% more volatile than OR relative to the S&P 500. On balance sheet safety, OR Royalties Inc. (OR) carries a lower debt/equity ratio of 1% versus 67% for Seabridge Gold Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), New Gold Inc.

(NGD) is pulling ahead at 59. 7% versus 39. 9% for Eldorado Gold Corporation (EGO). On earnings-per-share growth, the picture is similar: OR Royalties Inc. grew EPS 825. 0% year-over-year, compared to 0. 0% for Seabridge Gold Inc.. Over a 3-year CAGR, TRX leads at 60. 4% 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.

OR Royalties Inc.

(OR) is the more profitable company, earning 74. 3% net margin versus 0. 0% for Seabridge Gold Inc. — meaning it keeps 74. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OR leads at 72. 9% versus 0. 0% for SA. At the gross margin level — before operating expenses — OR leads at 83. 4%, 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.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Eldorado Gold Corporation (EGO) is the more undervalued stock at a PEG of 0. 29x versus OR Royalties Inc. 's 0. 30x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, New Gold Inc. (NGD) trades at 6. 6x forward P/E versus 70. 3x for TRX Gold Corporation — 63. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EGO: 58. 9% to $52. 67.

In this comparison, OR (0.

5% yield) pays a dividend. SA, NGD, TRX, EGO do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, OR Royalties Inc.

(OR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 54), 0. 5% yield, +217. 0% 10Y return). TRX Gold Corporation (TRX) carries a higher beta of 1. 79 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (OR: +217. 0%, TRX: +164. 5%), 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; OR is a small-cap high-growth stock; TRX is a small-cap high-growth stock; EGO is a small-cap high-growth stock. OR pays a dividend while SA, NGD, TRX, EGO do 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.