New Gold(NGD)

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Will New Gold (NGD) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-02-14 18:11
Core Viewpoint - New Gold (NGD) is positioned to continue its earnings-beat streak, having a strong track record of exceeding earnings estimates in recent quarters [1][2]. Earnings Performance - In the last reported quarter, New Gold achieved earnings of $0.08 per share, surpassing the Zacks Consensus Estimate of $0.04 per share, resulting in a 100% surprise [2]. - In the previous quarter, the company was expected to earn $0.01 per share but delivered $0.02 per share, also reflecting a 100% surprise [2]. Earnings Estimates - Recent estimates for New Gold have been revised upward, indicating a positive trend in earnings expectations [3]. - The Zacks Earnings ESP for New Gold is currently +5.88%, suggesting analysts are optimistic about the company's near-term earnings potential [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - New Gold's combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a strong likelihood of another earnings beat [6]. Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [6].
New Gold (NGD) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-02-12 18:01
New Gold (NGD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings ...
New Gold (NGD) Is Up 3.78% in One Week: What You Should Know
ZACKS· 2025-02-06 18:00
Company Overview - New Gold (NGD) currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing context [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [4] Price Performance - Over the past week, NGD shares have increased by 3.78%, outperforming the Zacks Mining - Gold industry, which rose by 0.27% [6] - In a longer time frame, NGD's shares have appreciated by 13.5% over the past month, compared to the industry's 10.54% [6] - Over the last quarter, NGD shares have surged by 25.4%, and over the past year, they have gained an impressive 146.82%, while the S&P 500 has only moved 5.14% and 24.19% respectively [7] Trading Volume - NGD's average 20-day trading volume stands at 11,451,392 shares, which is a significant indicator of market interest and can signal bullish or bearish trends [8] Earnings Outlook - In the last two months, 2 earnings estimates for NGD have been revised upwards, while 1 has been revised downwards, leading to an increase in the consensus estimate from $0.18 to $0.19 [10] - For the next fiscal year, there have been 2 upward revisions and 1 downward revision in earnings estimates [10] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, NGD is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of B [12]
Is New Gold (NGD) Stock Undervalued Right Now?
ZACKS· 2025-02-06 15:41
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zacks has developed ...
NEW GOLD ADVISES OF SENIOR MANAGEMENT CHANGE
Prnewswire· 2025-02-03 11:30
TORONTO, Feb. 3, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX:NGD) (NYSE American: NGD) wishes to advise that Mr. Yohann Bouchard and the Company have mutually decided to part ways. Mr. Bouchard's last day as Executive Vice President and Chief Operating Officer was January 31, 2025. New Gold thanks Mr. Bouchard for his contribution and wishes him well with his future endeavors. "I thank Yohann for his contribution to New Gold during his tenure," stated Patrick Godin, President & CE ...
New Gold (NGD) Ascends While Market Falls: Some Facts to Note
ZACKS· 2025-01-29 23:57
New Gold (NGD) ended the recent trading session at $2.89, demonstrating a +0.7% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.47% loss on the day. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.51%.Coming into today, shares of the gold mining company had gained 15.73% in the past month. In that same time, the Basic Materials sector gained 1.28%, while the S&P 500 gained 1.67%.Market participants will be closely following the financial results of N ...
New Gold Stock To Continue Outperformance In 2025
Seeking Alpha· 2025-01-20 12:46
David focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in high-quality growth stocks.Analyst’s Disclosure: I/we have no stock, option or similar derivative ...
New Gold (NGD) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2025-01-15 23:55
In the latest market close, New Gold (NGD) reached $2.73, with a -1.44% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.83% for the day. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.45%.Prior to today's trading, shares of the gold mining company had gained 4.14% over the past month. This has outpaced the Basic Materials sector's loss of 6.01% and the S&P 500's loss of 3.31% in that time.The investment community will be clo ...
New Gold Sees 2% Annual Increase in Q4 Gold Output
ZACKS· 2025-01-10 21:00
New Gold Inc. (NGD) reported a 2% year-over-year increase in gold production in the fourth quarter of 2024 to 80,438 ounces. This was attributed to the solid performance at the New Afton mine, which offset lower production at the Rainy River mine due to operational challenges encountered in December. It was the highest production quarter in 2024.NGD’s gold production reached 298,303 ounces in 2024, whereas its guidance was 300,000-310,000 ounces. Better-than-expected performance at New Afton was offset by l ...
NEW GOLD DELIVERS HIGHEST PRODUCTION QUARTER OF 2024
Prnewswire· 2025-01-09 22:00
Upcoming Catalysts to Showcase Significant Near-Term Free Cash Flow Generation TORONTO, Jan. 9, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) reports fourth quarter and full year operational results for the Company as of December 31, 2024. The Company is providing notice that it will release its operational outlook, technical report summaries for Rainy River and New Afton, and updated Mineral Reserve and Mineral Resource Statement for the Company as of Dec ...