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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 ...
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 ...
NEW GOLD REPORTS SECOND QUARTER 2024 RESULTS
Prnewswire· 2024-07-30 21:15
Company Enters Sustained Free Cash Flow Generation Period "The second quarter saw New Gold deliver another quarter as planned," stated Patrick Godin, President and CEO. "New Afton delivered a strong operating quarter with low all-in sustaining costs, while Rainy River made excellent progress preparing the open pit for the planned release of higher-grade ore in the second half of the year while maintaining operational discipline and delivering costs as planned. We exit the first half of the year operationall ...
NEW GOLD APPOINTS CHRISTIAN MILAU TO THE BOARD OF DIRECTORS
Prnewswire· 2024-07-29 21:00
TORONTO, July 29, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that Christian Milau has been appointed to its Board of Directors (the "Board") effective immediately. Christian brings over 25 years of experience in finance, capital markets and mining. He is a mining executive with experience leading growth-oriented exploration, development, and operating mining companies with a focus on gold and copper. His mining experience includes C ...