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New Gold Announces Redemption of Remaining Outstanding 7.50% Senior Notes
Prnewswire· 2025-06-11 21:00
(All amounts are in U.S. dollars unless otherwise indicated)TORONTO, June 11, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announces that, pursuant to the terms of the indenture governing its 7.50% Senior Notes due 2027 (the "2027 Notes"), it has issued a notice of redemption to redeem the remaining $111 million aggregate principal amount of outstanding 2027 Notes on July 15, 2025. The redemption of the 2027 Notes will be funded with the remaining proceeds ...
New Gold (NGD) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-06-10 22:56
Core Viewpoint - New Gold (NGD) has shown significant monthly gains, outperforming both the Basic Materials sector and the S&P 500, while upcoming earnings are anticipated to reflect substantial year-over-year growth in earnings and revenue [1][2]. Company Performance - New Gold's stock closed at $4.76, reflecting a decrease of -2.06% from the previous day, while the S&P 500 gained 0.55% [1]. - Over the past month, New Gold's shares increased by 27.56%, outperforming the Basic Materials sector's gain of 4.58% and the S&P 500's gain of 6.29% [1]. Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.08, representing a 300% increase from the same quarter last year [2]. - For the full year, analysts project earnings of $0.39 per share and revenue of $1.31 billion, indicating increases of +95% and +41.21% respectively compared to the previous year [2]. Analyst Estimates - Recent changes to analyst estimates for New Gold suggest a positive outlook, reflecting optimism about the company's business trends [3]. - The Zacks Consensus EPS estimate has increased by 1.96% over the last 30 days, indicating a favorable adjustment in expectations [5]. Valuation Metrics - New Gold has a Forward P/E ratio of 12.46, which is lower than the industry average of 12.99, suggesting that the company is trading at a discount compared to its peers [6]. - The Mining - Gold industry, which includes New Gold, ranks in the top 16% of over 250 industries according to the Zacks Industry Rank [6][7].
NEW GOLD PUBLISHES 2024 SUSTAINABILITY REPORT
Prnewswire· 2025-06-04 13:00
A Decade of Reporting on Sustainability Topics Critical to Communities, Stakeholders, and Our BusinessTORONTO, June 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the publication of its 2024 Sustainability Report. New Gold has published an annual Sustainability Report since 2015, reporting on the sustainability-related material topics that matter most to communities, stakeholders and our business. The 2024 Sustainability Report is av ...
New Gold (NGD) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2025-05-28 17:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy wit ...
New Gold: High Gold Prices, And High Potential
Seeking Alpha· 2025-05-27 18:11
Group 1 - The rally in gold prices over the past year has increased investor interest in gold mining companies [1] - New Gold, a Canadian mid-tier producer, has seen its shares rise by 74% year-to-date [1] - Mountain Valley Value Investments focuses on identifying undervalued companies with strong growth potential across various sectors [1] Group 2 - The investment philosophy of Mountain Valley Value Investments emphasizes long-term value and disciplined research [1] - The company aims to uncover opportunities that can deliver strong returns through rigorous analysis [1] - The commitment to highlighting risks that may impact investment theses is a key aspect of their approach [1]
New Gold Inc. (NGD) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2025-05-22 14:15
Company Performance - New Gold (NGD) shares have increased by 23.9% over the past month and reached a 52-week high of $4.31, with a year-to-date gain of 71.4% compared to 5.9% for the Zacks Basic Materials sector and 45.5% for the Zacks Mining - Gold industry [1] - The company has consistently exceeded earnings expectations, reporting an EPS of $0.02 against a consensus estimate of $0.01 in its last earnings report [2] - For the current fiscal year, New Gold is projected to achieve earnings of $0.41 per share on revenues of $1.31 billion, reflecting a 105% increase in EPS and a 41.21% increase in revenues [3] Valuation Metrics - New Gold has a Value Score of B, a Growth Score of B, and a Momentum Score of C, resulting in a combined VGM Score of B [6] - The stock trades at 10.4X current fiscal year EPS estimates, below the peer industry average of 12.8X, and at 8.4X trailing cash flow compared to the peer group's average of 11X [6] Zacks Rank - New Gold holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts, indicating potential for future growth [7] Industry Comparison - The Mining - Gold industry ranks in the top 6% of all industries, suggesting favorable conditions for both New Gold and its peers [10] - B2Gold Corp (BTG), a competitor, also has a Zacks Rank of 2 (Buy) and strong earnings projections, indicating a competitive landscape [8][9]
Gold Jumps 26% YTD: Add These 5 Mining Stocks to Your Portfolio
ZACKS· 2025-05-21 17:11
Industry Overview - Gold has gained approximately 26% year to date, currently trading near $3,030 per ounce, driven by geopolitical risks and a weaker U.S. dollar [1] - The Zacks Mining - Gold industry has increased by 39.1% year to date, outperforming the Zacks Basic Materials sector's 6.4% and the S&P 500's 0.7% [2] - Robust gold demand is anticipated to continue, with central banks expected to maintain a buying streak of over 1,000 tons [8] Demand and Supply Dynamics - Gold demand reached 1,206 tons in Q1 2025, the highest quarterly total since 2016, with central banks acquiring around 244 tons [4] - Investment demand surged 170% year over year to 552 tons, marking the strongest quarter since Q1 2022, driven largely by China [5] - Global gold ETFs saw inflows of 226.5 tons, with April marking the fifth consecutive monthly increase [6] Company Highlights Newmont - Newmont solidified its position as the world's largest gold producer after integrating Newcrest assets and is focusing on Tier 1 assets [10] - The company has a strong liquidity position and is pursuing several growth projects, including Tanami Expansion 2 and Ahafo North [11] - The Zacks Consensus Estimate for Newmont's 2025 earnings indicates a year-over-year growth of 12.6% [12] Agnico Eagle Mines - Agnico Eagle maintains a strong liquidity position and is advancing several projects expected to enhance production and cash flows [13] - The Zacks Consensus Estimate for Agnico Eagle's 2025 earnings suggests a year-over-year growth of 42.2% [14] Barrick Mining - Barrick Mining is well-positioned to benefit from key growth projects, including Goldrush and Pueblo Viejo plant expansion [15] - The Zacks Consensus Estimate for Barrick Mining's 2025 earnings indicates a year-over-year growth of 34.7% [17] Kinross Gold - Kinross Gold has a strong production profile and is advancing key development projects, including Great Bear and Round Mountain Phase X [19] - The Zacks Consensus Estimate for Kinross Gold's 2025 earnings suggests a year-over-year growth of 52.2% [21] New Gold - New Gold consolidated its interest in the New Afton mine to 100%, projecting a 37% increase in gold production between 2024 and 2027 [22] - The Zacks Consensus Estimate for New Gold's 2025 earnings indicates a year-over-year growth of 91.25% [24]
3 Reasons Growth Investors Will Love New Gold (NGD)
ZACKS· 2025-05-12 17:50
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Gr ...
New Gold: A Much Stronger H2 On Deck
Seeking Alpha· 2025-05-05 15:04
Group 1 - Alluvial Gold Research provides detailed analysis on undervalued mining companies, focusing on those with upcoming catalysts that could enhance portfolio performance [1] - Subscribers receive access to current portfolios and real-time buy/sell alerts, indicating a proactive investment strategy [1] Group 2 - The article emphasizes the importance of position sizing in the volatile precious metals sector, recommending that investments in small-cap precious metals stocks should be limited to 5% or less of an investor's portfolio [2]
New Gold Inc. (NGD) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2025-05-01 14:15
Have you been paying attention to shares of New Gold (NGD) ? Shares have been on the move with the stock up 9.9% over the past month. The stock hit a new 52-week high of $3.98 in the previous session. New Gold has gained 60.5% since the start of the year compared to the 4.2% move for the Zacks Basic Materials sector and the 46.8% return for the Zacks Mining - Gold industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensu ...