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 had a decent Q3-24, but lower grades and a tragic fatality at Rainy River have resulted in a cut to its FY2024 guidance. On a positive note, the company hit its free cash flow inflection point ahead of schedule and continues to execute successfully with two key projects delivered ahead of plan. In this update, we'll dig into the company's Q3-24 results, recent developments and whether the stock is sitting in a low-risk buy zone currently.
New Gold Inc. (NYSE:NGD ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Ankit Shah - Executive Vice President, Strategy & Business Development Patrick Godin - President & Chief Executive Officer Keith Murphy - Chief Financial Officer Yohann Bouchard - Executive Vice President & Chief Operating Officer Jean-Francois Ravenelle - Vice President, Geology Luke Buchanan - Vice President, Technical Services Conference Call Participants Mike Parkin - National Bank Eric Winmill - Scotiabank Jeremy Hoy - Canaccord Genuity Michael Siperco - RBC Capital Markets Anita Soni - CIBC World Markets Lawson Winder - Bank of America Securities Operator Good morning. My name is Sylvie [ph] and I will be your conference operator today.
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.
In the latest trading session, New Gold (NGD) closed at $3.01, marking a +1.35% move from the previous day.
New Gold (NGD) closed at $2.88 in the latest trading session, marking a -1.71% move from the prior day.
In the most recent trading session, New Gold (NGD) closed at $2.82, indicating a +0.36% shift from the previous trading day.
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?
New Gold (NGD) reachead $2.76 at the closing of the latest trading day, reflecting a -1.43% change compared to its last close.
In the latest trading session, New Gold (NGD) closed at $2.93, marking a +1.56% move from the previous day.
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?