Aura Minerals Inc. (AUGO) vs Novagold Resources Inc. (NG)

Aura Minerals Inc. and Novagold Resources Inc. are both Gold companies. Aura Minerals Inc. is the larger, with a market value of $7.0B against $3.2B — 2.2× the size. Novagold Resources Inc. has negative trailing earnings, so its P/E is not meaningful; Aura Minerals Inc. trades at 23.3×. Aura Minerals Inc. grew revenue faster over the last twelve months: 89.5% against 18.2%. Aura Minerals Inc. has the higher net margin (23.2% vs 0.00%) and the higher return on invested capital (66.0% vs −19.1%). Across the 15 metrics below, Aura Minerals Inc. leads on 10 and Novagold Resources Inc. on 5.

Valuation

Metric AUGO NG Gold median
P/E 23.34 n/m 23.34
P/S 5.44 n/m 5.02
P/B 15.34 7.43 3.53
Price to free cash flow 33.34 n/m 16.73
EV/EBITDA 9.19 n/m 8.34
EV/Sales 5.58 n/m 4.92
Earnings yield 4.28% (2.41%) 1.44%
Free cash flow yield 3.00% (0.57%) 0.75%

Profitability

Metric AUGO NG Gold median
Gross margin 60.00% 0.00% 50.00%
Operating margin 52.93% 0.00% 26.32%
Net margin 23.18% 0.00% 12.30%
Free cash flow margin 16.31% 0.00% 0.00%
Return on equity 100.16% (24.63%) 6.36%
Return on assets 20.81% (15.56%) 0.00%
Return on invested capital 65.98% (19.10%) 0.52%

Growth

Metric AUGO NG Gold median
Revenue growth (TTM) 89.45% 18.16% 68.15%
EPS growth (last fiscal year) (140.48%) (78.57%) —
Revenue growth, 5-year CAGR — — 16.12%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AUGO NG Gold median
Debt to equity 0.97 0.41 0.10
Current ratio 1.06 112.82 3.08
Net debt to EBITDA 0.23 (1.08) 0.00

Dividend

Metric AUGO NG Gold median
Dividend yield — — 1.49%
Payout ratio — 0.00 0.00

Size

Metric AUGO NG Gold median
Market cap 6.96b 3.15b 1.96b

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