New Gold (NGD) reachead $3.12 at the closing of the latest trading day, reflecting a +0.32% change compared to its last close.
In the most recent trading session, New Gold (NGD) closed at $3.13, indicating a +0.97% shift from the previous trading day.
Initiating coverage on New Gold with a “Buy” rating and a 36-month horizon due to strong fundamentals and potential for production growth and margin expansion. New Gold's liquidity buffer of $461 million and robust operating cash flow support aggressive growth plans, with expected significant EBITDA margin expansion by 2026. Gold's uptrend, driven by potential aggressive monetary policies and geopolitical tensions, supports the bullish outlook for New Gold, with anticipated realized gold prices reaching $3,000 an ounce.
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?
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 sell-side) analysts often affect a stock's price, do they really matter?
New Gold Inc. (NYSE:NGD ) Q2 2024 Results Conference Call July 31, 2024 8:30 AM ET Company Participants Ankit Shah - EVP, Strategy and Business Development Patrick Godin - President and CEO Keith Murphy - CFO Luke Buchanan - VP, Technical Services Jean-Francois Ravenelle - VP, Geology Conference Call Participants Eric Winmill - Scotiabank Anita Soni - CIBC World Markets Jeremy Hoy - Canaccord Mike Parkin - National Bank Operator Good morning. My name is Ludy, and I'll be your conference operator today.
Here is how New Gold (NGD) and Equinox Gold (EQX) have performed compared to their sector so far this year.
New Gold (NGD) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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.
New Gold (NGD) is likely to have witnessed a decline in its second-quarter earnings as gains from elevated gold and copper prices are expected to have been offset by lower production and sales volumes.
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 sell-side) analysts often affect a stock's price, do they really matter?
The latest trading day saw New Gold (NGD) settling at $2.24, representing a -1.54% change from its previous close.