New Gold(NGD)

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NEW GOLD ANNOUNCES OPERATIONS AT THE RAINY RIVER MINE HAVE RESUMED
Prnewswire· 2024-07-29 10:30
TORONTO, July 29, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announces that operations resumed during the day shift on Saturday July 27th at the Rainy River Mine in northwestern Ontario, following the employee fatality reported on July 24th. Operations safely resumed Saturday, as no other equipment or site infrastructure was impacted in the incident. New Gold is supporting the authorities with their investigation. The thoughts of management remain with th ...
Is New Gold (NGD) Outperforming Other Basic Materials Stocks This Year?
ZACKS· 2024-07-26 14:41
Within the past quarter, the Zacks Consensus Estimate for NGD's full-year earnings has moved 68.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Breaking things down more, New Gold is a member of the Mining - Gold industry, which includes 37 individual companies and currently sits at #48 in the Zacks Industry Rank. This group has gained an average of 17.1% so far this year, so NGD is performing better in this area. Equinox Gold is also part of th ...
Should Value Investors Buy New Gold (NGD) Stock?
ZACKS· 2024-07-25 14:46
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipu ...
Factors Setting the Tone for New Gold's (NGD) Q2 Earnings
ZACKS· 2024-07-24 17:50
Barrick Gold (GOLD) , scheduled to release second-quarter earnings on Aug 12, has an Earnings ESP of +3.29% and a Zacks Rank of 2 at present. The Zacks Consensus Estimate for NGD's earnings per share has moved down 50% to 1 cent over the past 60 days. The estimate indicates a 50% decline from the year-ago quarter's earnings per share of 2 cents. Factors Likely to Have Shaped Q2 Performance pounds. What the Zacks Model Unveils Zacks Rank: New Gold currently sports a Zacks Rank of 1. Image Source: Zacks Inves ...
NEW GOLD REPORTS FATALITY AT THE RAINY RIVER MINE
Prnewswire· 2024-07-24 15:15
The health, safety and wellbeing of our employees is our top priority. The Company is working closely with local authorities and an investigation is underway. Operations have been voluntarily suspended. The thoughts of management are with the family, friends and colleagues who have been impacted by this tragic incident. About New Gold SOURCE New Gold Inc. TORONTO, July 24, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) deeply regrets that early this morning, ...
Is New Gold (NGD) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-07-22 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? New Gold currently has an average brokerage recommendation (ABR) of 1.90, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 10 brokerage firms. An ABR of 1 ...
New Gold (NGD) Declines More Than Market: Some Information for Investors
ZACKS· 2024-07-19 22:55
The most recent trading session ended with New Gold (NGD) standing at $2.24, reflecting a -1.54% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.71% loss on the day. At the same time, the Dow lost 0.93%, and the tech-heavy Nasdaq lost 0.81%. The the stock of gold mining company has risen by 13.5% in the past month, leading the Basic Materials sector's loss of 0.77% and the S&P 500's gain of 1.08%. Analysts and investors alike will be keeping a close eye on the performance ...
New Gold (NGD) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-07-18 23:06
The upcoming earnings release of New Gold will be of great interest to investors. The company's earnings report is expected on July 30, 2024. The company is expected to report EPS of $0.02, unchanged from the prioryear quarter. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Coming into tod ...
Are You Looking for a Top Momentum Pick? Why New Gold (NGD) is a Great Choice
ZACKS· 2024-07-18 17:02
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Bel ...
New Gold (NGD) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-07-11 22:56
Coming into today, shares of the gold mining company had gained 19.6% in the past month. In that same time, the Basic Materials sector lost 2.77%, while the S&P 500 gained 5.11%. NGD's full-year Zacks Consensus Estimates are calling for earnings of $0.15 per share and revenue of $906.5 million. These results would represent year-over-year changes of +114.29% and +15.26%, respectively. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performa ...