New Gold (NGD) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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.
Does New Gold (NGD) have what it takes to be a top stock pick for momentum investors? Let's find out.
New Gold (NGD) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
New Gold Inc. (NYSE:NGD ) Q1 2025 Earnings Conference Call April 30, 2025 8:30 AM ET Company Participants Ankit Shah – Executive Vice President-Strategy and Business Development Keith Murphy – Executive Vice President and Chief Financial Officer Patrick Godin – President and Chief Executive Officer Luke Buchanan – Vice President-Technical Services Conference Call Participants Michael Siperco – RBC Capital Markets Lawson Winder – Bank of America Eric Winmill – Scotiabank Jeremy Hoy – Canaccord Genuity Mohamed Sidibé – National Bank Financial Operator Good morning. My name is Jester, and I will be your conference operator today.
New Gold (NGD) possesses solid growth attributes, which could help it handily outperform the market.
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?
NGD is likely to deliver a year-over-year decline in first-quarter 2025 earnings due to lower production levels for both gold and copper, somewhat negated by higher prices.
New Gold (NGD) reachead $3.68 at the closing of the latest trading day, reflecting a +1.1% change compared to its last close.
In the latest trading session, New Gold (NGD) closed at $3.59, marking a +0.56% move from the previous day.
I Initiate coverage of New Gold Inc. (NGD) with a Strong Buy rating due to the stock's recent pull-back and promising medium-term production outlook. Rainy River and New Afton mines in Canada show strong production potential, with significant gold, silver, and copper output expected in the next three years. I expect at least 15% upside with a $3.90 price target, but maintain a small position due to higher risks associated with mid-tier gold producers.
NGD signs a deal with Ontario Teachers' Pension Plan to acquire 19.9% free cash flow interest in the New Afton Mine.