Which Is a Better Investment, Alamos Gold Inc or New Gold Inc Stock?

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Sifting through countless of stocks in the Metals & Mining – Gold industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in New Gold Inc or Alamos Gold Inc because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how New Gold Inc and Alamos Gold Inc compare based on key financial metrics to determine which better meets your investment needs.

About New Gold Inc and Alamos Gold Inc

New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico.

Alamos Gold Inc. is a Canada-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a portfolio of development projects, including the Phase 3+ expansion at Island Gold, and the Lynn Lake Project in Manitoba, Canada. The Young-Davidson gold mine is located near the town of Matachewan, approximately 60 kilometers (km) west of Kirkland Lake in Northern Ontario, within the Abitibi Greenstone Belt. The Island Gold mine is located just east of the town of Dubreuilville, about 83 km northeast of Wawa in Northern Ontario. The Mulatos mine is in the Sierra Madre Occidental Mountain range in the east-central portion of the State of Sonora, Mexico. It also owns Qiqavik Gold Project in Northern Quebec within the Cape Smith Belt, with a number of high-grade gold and gold copper showings.

Latest Metals & Mining – Gold and New Gold Inc, Alamos Gold Inc Stock News

As of June 7, 2024, New Gold Inc had a $2.3 billion market capitalization, compared to the Metals & Mining – Gold median of $496.9 million. New Gold Inc’s stock is NA in 2024, NA in the previous five trading days and up 69.83% in the past year.

Currently, New Gold Inc does not have a price-earnings ratio. New Gold Inc’s trailing 12-month revenue is $1.1 billion with a -9.8% net profit margin. Year-over-year quarterly sales growth most recently was -4.7%. Analysts expect adjusted earnings to reach $0.139 per share for the current fiscal year. New Gold Inc does not currently pay a dividend.

Currently, Alamos Gold Inc’s price-earnings ratio is 22.8. Alamos Gold Inc’s trailing 12-month revenue is $1.4 billion with a 19.4% net profit margin. Year-over-year quarterly sales growth most recently was 10.4%. Analysts expect adjusted earnings to reach $0.774 per share for the current fiscal year. Alamos Gold Inc currently has a 0.9% dividend yield.

How We Compare New Gold Inc and Alamos Gold Inc Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at New Gold Inc and Alamos Gold Inc’s stock grades to see how they measure up against one another.

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