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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
In the latest market close, New Gold (NGD) reached $3.12, with a +0.32% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.15%. Prior to today's trading, shares of the gold mining company had gained 17.36% over the past month. This has outpaced the Basic Materials sector's gain of 1.99% and the S&P 500's gain of 2% in that time. Analysts and investors alike will be keeping a close eye on th ...
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 ...
New Gold (NGD) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2024-08-23 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about New Gold (NGD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. New Gold currently has an average brokerage recommendation (AB ...
NEW GOLD APPOINTS RICHARD O'BRIEN CHAIR OF THE BOARD
Prnewswire· 2024-07-31 10:30
TORONTO, July 31, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that Richard O'Brien has been appointed as Chair of the Board effective August 1, 2024. Mr. O'Brien was appointed to the Board of Directors on March 25, 2024, where it was announced that he was expected to transition into the Chair role. As previously disclosed, Ian Pearce will retire from the Board of Directors effective August 1, 2024. "On behalf of the Board and New Gol ...
New Gold(NGD) - 2024 Q2 - Quarterly Report
2024-07-30 21:17
newge | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|-------|-----------------------------------|--------|--------|---------------------------------| | (Unaudited - in millions of U.S. dollars) | Note | Three months ended June 30 \n2024 | \n2023 | 2024 | Six months ended June 30 \n2023 | | Net income (loss) | | 53.1 | (2.6) | 9.6 | (34.4) | | Other comprehensive income (loss) | | | | | | | (Loss) income on revaluation of non-current deri ...