New Gold(NGD)
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Is the Options Market Predicting a Spike in New Gold (NGD) Stock?
ZACKS· 2024-12-04 15:45
Investors in New Gold Inc. (NGD) need to pay close attention to the stock based on moves in the options market lately. That is because the Feb 21, 2025 $1.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...
Is New Gold (NGD) Stock Outpacing Its Basic Materials Peers This Year?
ZACKS· 2024-11-18 15:41
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has New Gold (NGD) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.New Gold is a member of our Basic Materials group, which includes 235 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank ...
New Gold: Grade Shortfall At Rainy River Weighs On 2024 Outlook
Seeking Alpha· 2024-11-06 14:44
Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following:Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, an ...
New Gold(NGD) - 2024 Q3 - Quarterly Report
2024-10-29 21:16
https://files.reportify.cc/media/production/NGDb1665a035fbf531de0ee71265f6fbc0f.jpg Contents | CONDENSED INTERIM CONSOLIDATED INCOME STATEMENTS | 2 | | --- | --- | | CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | 3 | | CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | 4 | | CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY | 5 | | CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOW | 6 | | NOTES TO THE UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL ST ...
New Gold (NGD) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-10-11 22:56
The most recent trading session ended with New Gold (NGD) standing at $2.82, reflecting a +0.36% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 0.61%. On the other hand, the Dow registered a gain of 0.97%, and the technology-centric Nasdaq increased by 0.33%. Shares of the gold mining company witnessed a loss of 2.77% over the previous month, trailing the performance of the Basic Materials sector with its gain of 6.17% and the S&P 500's gain of 5.36%. The upcomi ...
New Gold (NGD) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-10-07 23:05
Group 1 - New Gold's stock closed at $2.76, down 1.43% from the previous trading day, underperforming compared to the S&P 500, which fell 0.96% [1] - Over the past month, New Gold's shares have increased by 20.17%, significantly outperforming the Basic Materials sector's gain of 8.15% and the S&P 500's gain of 4.3% [1] - The upcoming earnings report on October 29, 2024, is anticipated to show earnings of $0.04 per share, reflecting a year-over-year growth of 33.33% [2] Group 2 - For the full year, earnings are projected at $0.15 per share and revenue at $969 million, indicating increases of 114.29% and 23.2% respectively from the previous year [2] - Recent analyst estimate revisions are crucial as they reflect current business trends and analysts' confidence in New Gold's performance [3] - The Zacks Rank system, which assesses estimate changes, currently rates New Gold at 4 (Sell), with a 6.25% decrease in the consensus EPS estimate over the last 30 days [5] Group 3 - New Gold's Forward P/E ratio stands at 19.09, which is higher than the industry's Forward P/E of 15.36, indicating a premium valuation [6] - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [6] - The Zacks Industry Rank suggests that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1, highlighting the importance of industry strength [7]
'Can you do more?' - New Gold's Patrick Godin on investors pushing miners to grow production
KITCO· 2024-10-01 21:11
| --- | --- | --- | --- | |----------------------------------------------------------------|----------------------------|-------|-------| | | | | | | | | | | | IT'S IMPORTANT TO MAXIMIZEOPPORTUNITIES AT THE CURRENT GOL | | | | | | | | | | | | | | | KITCO MINING | PATRICK GODIN | | | | OPPORTUNITIES AT THE CURRENT GOL | IT'S IMPORTANT TO MAXIMIZE | | | | KITCC MINING | PATRICK GODIN | | | Michael McCrae Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, know ...
New Gold (NGD) Rises Higher Than Market: Key Facts
ZACKS· 2024-09-23 23:06
Group 1 - New Gold (NGD) stock closed at $3.12, with a daily increase of +0.32%, outperforming the S&P 500's gain of 0.28% [1] - Over the past month, New Gold shares have increased by 17.36%, significantly surpassing the Basic Materials sector's gain of 1.99% and the S&P 500's gain of 2% [1] Group 2 - Zacks Consensus Estimates project New Gold's earnings for the full year at $0.15 per share and revenue at $969 million, reflecting increases of +114.29% and +23.2% from the previous year [2] - Recent changes in analyst estimates indicate a positive outlook for New Gold, suggesting analysts' confidence in the company's performance [3] Group 3 - The Zacks Rank system, which evaluates estimate changes, indicates that New Gold currently holds a Zacks Rank of 4 (Sell), following a 4.76% decline in the Consensus EPS estimate over the past month [5] - New Gold has a Forward P/E ratio of 20.73, which is higher than the industry average of 16.32, suggesting it is trading at a premium [6] Group 4 - The Mining - Gold industry, which includes New Gold, is ranked 89 in the Zacks Industry Rank, placing it in the top 36% of over 250 industries [6][7]
New Gold (NGD) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-09-16 22:57
New Gold (NGD) closed the latest trading day at $3.13, indicating a +0.97% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.55%, while the techheavy Nasdaq lost 0.52%. The gold mining company's stock has climbed by 21.09% in the past month, exceeding the Basic Materials sector's gain of 2.11% and the S&P 500's gain of 3.67%. Investors will be eagerly watching for the performance of New Gold in its upcoming earnings disclosure. The comp ...
New Gold: Production Upside, Significant EBITDA Margin Expansion
Seeking Alpha· 2024-09-16 14:32
T T II T i I T + 00.0 4 11:47 H THE H HP DieterMeyrl Initiating Coverage I am initiating coverage on New Gold (NYSE:NGD) stock with a "Buy" rating and an investment horizon of 36 months. I believe that New Gold is attractive, even after a massive rally of 112% for year-to-date. Besides the factor of gold trending higher, this initiating coverage discusses the fundamental reasons to be bullish on New Gold stock. The focus of the thesis is on the company's ability to boost production in the given investment h ...