New Gold (NGD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
New Gold reported its highest production in 2024, with 80,400 ounces of gold and 14.5 million pounds of copper in Q4, driven by higher feed grades. Production is expected to increase in 2025 and beyond, driving New Gold's growth. Increased margins and cash flow growth, coupled with a positive outlook for copper and gold prices, provide a strong tailwind for NGD.
In the latest trading session, New Gold (NGD) closed at $3.33, marking a -1.48% move from the previous day.
In the latest trading session, New Gold (NGD) closed at $3.19, marking a -1.24% move from the previous day.
New Gold missed its 2024 production guidance in 2024, but managed to easily beat its cost guidance midpoint and remains on schedule at C-Zone and Main Zone UG. These two growth projects are expected to result in significant production growth at higher margins over the next few years, translating to surging free cash flow for this small-cap miner. In this update, we'll dig into the Q4 & FY2024 results, recent developments and whether the stock is offering an adequate margin of safety at current levels.
New Gold Inc. (NYSE:NGD ) Q4 2024 Earnings Conference Call February 20, 2025 8:30 AM ET Company Participants Ankit Shah - Executive Vice President, Strategy & Business Development Keith Murphy - Chief Financial Officer Patrick Godin - President & Chief Executive Officer Conference Call Participants Eric Winmill - Scotiabank Operator Good morning. My name is Vincent and I'll be your conference operator today.
New Gold (NGD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
New Gold (NGD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
In the most recent trading session, New Gold (NGD) closed at $2.99, indicating no shift from the previous trading day.
Does New Gold (NGD) have what it takes to be a top stock pick for momentum investors? Let's find out.
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