New Gold [NGD] vs B2Gold [BTG] Detailed Stock Comparison

New Gold Inc.

NYSE
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B2Gold Corp

NYSE
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: New Gold Inc. wins in 9 metrics, B2Gold Corp wins in 10 metrics, with 0 ties. B2Gold Corp appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric New Gold Inc. B2Gold Corp Better
P/E Ratio (TTM) 28.38 17.75 B2Gold Corp
Price-to-Book Ratio 5.80 1.85 B2Gold Corp
Debt-to-Equity Ratio 32.06 16.43 B2Gold Corp
PEG Ratio 7.69 -0.01 New Gold Inc.
EV/EBITDA 10.72 4.43 B2Gold Corp
Profit Margin (TTM) 20.07% 13.13% New Gold Inc.
Operating Margin (TTM) 50.16% 40.45% New Gold Inc.
EBITDA Margin (TTM) 50.16% 40.45% New Gold Inc.
Return on Equity 22.29% 12.78% New Gold Inc.
Return on Assets (TTM) 12.83% 13.24% B2Gold Corp
Free Cash Flow (TTM) $305.30M $895.84M B2Gold Corp
Dividend Yield N/A 0.75% N/A
1-Year Return 181.99% 11.67% New Gold Inc.
Price-to-Sales Ratio (TTM) 5.81 2.17 B2Gold Corp
Enterprise Value $7.46B $6.91B New Gold Inc.
EV/Revenue Ratio 6.01 2.26 B2Gold Corp
Gross Profit Margin (TTM) 69.14% 52.30% New Gold Inc.
Revenue per Share (TTM) $2 $2 B2Gold Corp
Earnings per Share (Diluted) $0.32 $0.28 New Gold Inc.
Beta (Stock Volatility) 1.83 1.33 B2Gold Corp

New Gold Inc. vs B2Gold Corp Stock Performance Analysis

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NGD
BTG

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
New Gold Inc.0.00%-9.02%-25.70%-1.09%32.36%6.07%
B2Gold Corp6.18%7.97%-8.78%-7.64%-3.25%-0.67%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
New Gold Inc.181.99%799.01%453.66%155.77%-19.29%13.36%
B2Gold Corp11.67%15.03%-3.66%91.36%28.35%256.78%

Performance & Financial Health Analysis: New Gold Inc. vs B2Gold Corp

MetricNGDBTG
Market Information
Market Cap i$7.21B$6.65B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i12,441,71032,859,050
90 Day Avg. Volume i14,506,56732,605,000
Last Close$9.08$4.47
52 Week Range$2.90 - $13.63$3.31 - $6.29
% from 52W High-33.38%-28.93%
All-Time High$14.15 (Sep 05, 2011)$7.55 (Aug 03, 2020)
% from All-Time High-35.83%-40.79%
Growth Metrics
Quarterly Revenue Growth0.84%1.11%
Quarterly Earnings Growth2.76%1.11%
Financial Health
Profit Margin (TTM) i0.20%0.13%
Operating Margin (TTM) i0.50%0.40%
Return on Equity (TTM) i0.22%0.13%
Debt to Equity (MRQ) i32.0616.43
Cash & Liquidity
Book Value per Share (MRQ)$1.57$2.68
Cash per Share (MRQ)$0.16$0.29
Operating Cash Flow (TTM) i$680.80M$895.84M
Levered Free Cash Flow (TTM) i$56.71M$596.06M
Dividends
Last 12-Month Dividend Yield iN/A0.75%
Last 12-Month Dividend iN/A$0.04

Valuation & Enterprise Metrics Analysis: New Gold Inc. vs B2Gold Corp

MetricNGD (Apr 07, 2026)BTG (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i28.3817.75
Forward P/E i7.694.22
PEG Ratio i7.69-0.01
Price to Sales (TTM) i5.812.17
Price to Book (MRQ) i5.801.85
Market Capitalization
Market Capitalization i$7.21B$6.65B
Enterprise Value i$7.46B$6.91B
Enterprise Value Metrics
Enterprise to Revenue i6.012.26
Enterprise to EBITDA i10.724.43
Risk & Other Metrics
Beta i1.831.33
Book Value per Share (MRQ) i$1.57$2.68

Financial Statements Comparison: New Gold Inc. vs B2Gold Corp

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricNGD (2025)BTG (2025)
Revenue/Sales i1.48B3.06B
Cost of Goods Sold i691.40M1.53B
COGS % of Revenue i46.8%50.0%
Gross Profit i784.70M1.53B
Gross Margin i53.2%50.0%
Research & Development iN/AN/A
Operating Income (EBIT) i655.00M1.40B
Operating Margin i44.4%45.9%
EBITDA i889.30M1.86B
EBITDA Margin i60.2%60.8%
Pre-Tax Income i918.40M976.80M
Pre-Tax Income % of Revenue i62.2%31.9%
Income Tax i60.50M550.10M
Income Tax % of Revenue i4.1%18.0%
Net Income (Profit) i857.90M426.70M
Profit Margin i58.1%13.9%

Balance Sheet & Liquidity Metrics

MetricNGD (2025)BTG (2025)
Cash & Equivalents i330.10M380.42M
Total Current Assets i515.90M1.13B
Total Current Assets % of Revenue i35.0%36.9%
Total Current Liabilities i391.90M1.06B
Total Current Liabilities % of Revenue i26.5%34.7%
Long-Term Debt i395.70M564.44M
Long-Term Debt % of Revenue i26.8%18.4%
Total Shareholders Equity i1.91B3.64B
Retained Earnings i-1.50B-220.61M
Retained Earnings % of Revenue i-101.6%-7.2%
Property, Plant & Equipment iN/AN/A

Cash Flow Statement Comparison

MetricNGD (2025)BTG (2025)
Operating Cash Flow i1.17B392.00M
Operating Cash Flow % of Revenue i79.6%12.8%
Capital Expenditures i-592.70M0
Free Cash Flow i305.30M895.84M
FCF Margin i20.7%29.3%
Debt Repayment i-559.00M-486.08M
Common Stock Repurchase iN/A-9.85M

Short Interest & Institutional Ownership Analysis

MetricNGDBTG
Shares Short i12.91M52.29M
Short Ratio i0.471.70
Short % of Float iN/AN/A
Shares Outstanding i791.73M1.34B
Float Shares i761.96M1.26B
% Held by Insiders i3.79%0.41%
% Held by Institutions i70.16%71.26%
% Held by Public i26.05%28.33%

Dividend Analysis & Yield Comparison: New Gold Inc. vs B2Gold Corp

MetricNGDBTG
Last 12-Month Dividend iN/A$0.04
Last 12-Month Dividend Yield iN/A0.75%
3-Year Avg Annual Dividend iN/A$0.11
3-Year Avg Dividend Yield iN/A1.11%
3-Year Total Dividends iN/A$0.34
Ex-Dividend DateN/AMar 06, 2026