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Is New Gold (NGD) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-07-09 17:46
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 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 Zacks Growth Style Score (part of the Zacks Style ...
Why the Market Dipped But New Gold (NGD) Gained Today
ZACKS· 2024-06-24 23:05
New Gold (NGD) closed the most recent trading day at $1.96, moving +1.03% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.31%. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq lost 1.09%. The investment community will be closely monitoring the performance of New Gold in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.02, reflecting no change from the same quarter last year. Additionally, inve ...
Has New Gold (NGD) Outpaced Other Basic Materials Stocks This Year?
ZACKS· 2024-06-20 14:45
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. New Gold (NGD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. New Gold is a member of our Basic Materials group, which includes 241 different companies and currently sits at #16 in the Zacks Sector Ra ...
Wall Street Bulls Look Optimistic About New Gold (NGD): Should You Buy?
ZACKS· 2024-06-12 14:31
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? Of the 10 recommendations that derive the current ABR, five are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 50% and 20% of all recommendations. The ABR suggests buying New Gold, but making an investment dec ...
New Gold (NGD) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-06-10 22:56
Investors will be eagerly watching for the performance of New Gold in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.02, marking stability compared to the same quarter of the previous year. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The ...
New Gold (NGD) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-06-06 17:01
Core Viewpoint - New Gold (NGD) is currently rated as a 1 (Strong Buy) stock with a Momentum Style Score of B, indicating strong potential for near-term price appreciation [2][4]. Performance Metrics - Over the past quarter, New Gold shares have increased by 22.02%, and over the last year, they have risen by 76.72%, significantly outperforming the S&P 500, which has moved 5.79% and 26.87% respectively during the same periods [3]. - In the past week, NGD shares have risen by 11.17%, while the Zacks Mining - Gold industry has remained flat [9]. - The monthly price change for NGD is 9.63%, compared to the industry's performance of 2.56% [9]. Trading Volume - The average 20-day trading volume for NGD is 12,660,496 shares, which serves as a bullish indicator when combined with rising stock prices [10]. Earnings Outlook - In the last two months, two earnings estimates for NGD have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.06 to $0.12 for the full year [12]. - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [12].
NEW GOLD PUBLISHES 2023 ESG REPORTS
Prnewswire· 2024-06-04 11:00
PROVIDES CORPORATE ACTIVITIES UPDATE (All dollar figures are in US dollars unless otherwise indicated) TORONTO, June 4, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the publication of its 2023 Environmental, Social and Governance Reports (the "2023 ESG Reports") and its 2023 Task Force on Climate-Related Financial Disclosures Report (the "TCFD Report"). New Gold has published an annual ESG Report since 2015 (formerly, the Sustainabili ...
NEW GOLD INTERSECTS WIDE, HIGH-GRADE COPPER-GOLD PORPHYRY MINERALIZATION AT NEW AFTON'S K-ZONE
Prnewswire· 2024-05-29 21:00
"The latest K-Zone drilling includes some of the best mineralized intervals drilled at the New Afton mine and expands the mineralized envelope, highlighting the potential for a new mining zone close to existing mine infrastructure," stated Patrick Godin, President and CEO. "The confirmation of high-grade bornite-bearing mineralization demonstrates the high mineral prospectivity around the New Afton mine and provides a high level of confidence as we look to grow K-Zone with drilling from the underground expl ...
Wall Street Analysts Think New Gold (NGD) Is a Good Investment: Is It?
zacks.com· 2024-05-27 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about New Gold (NGD) . New Gold currently has an average brokerage rec ...
NEW GOLD COMPLETES US$173 MILLION BOUGHT DEAL FINANCING
Prnewswire· 2024-05-17 12:59
Group 1 - New Gold Inc. has successfully closed a "bought deal" equity financing, raising gross proceeds of $172,679,400 by issuing 100,395,000 common shares at a price of $1.72 per share [1] - The offering was led by a syndicate of underwriters including CIBC Capital Markets, BMO Capital Markets, and others [1] - The net proceeds from the offering will be used to fund a portion of the cash payment for a strategic partnership with Ontario Teachers' Pension Plan Board, increasing New Gold's effective free cash flow interest in the New Afton mine to 80.1% [2] Group 2 - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the Rainy River gold mine and the New Afton copper-gold mine [3] - The company's vision is to build a leading diversified intermediate gold company in Canada, emphasizing environmental and social responsibility [3]