National Bank Raised the Firm's PT on New Gold (NGD), Kept an Overweight Rating
The improved outlook comes after the company announced its Q1 2025 results, which showed improved production profiles. The consolidated production outlook reached 52,186 ounces of gold and 13.6 million pounds of copper, representing approximately 15% of the midpoint of annual consolidated production guidance of 325,000 to 365,000 ounces of gold.
Aerial view of an open mine with large cranes and excavators working on the surface.
As a result, the consolidated revenue reached $209.1 million, ahead of $192.1 revenue a year ago. Moreover, New Gold Inc. (NYSEAMERICAN:NGD) released two new technical reports that outlined robust production profiles with lower costs for both New Afton and Rainy River. These reports provide a roadmap for increased production, reduced costs, and extended mine life, which are expected to drive shareholder value.
New Gold Inc. (NYSEAMERICAN:NGD) is a Canadian intermediate gold mining company. The company is engaged in mining and the production of gold, silver, and copper.
While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
16 minutes ago
- New York Post
Bourbon blues: Five months into ban, Canadian bars running dry of Kentucky whiskey
Canadian bars that stocked up on Kentucky Bourbon are running on fumes five months into its nation's ban on US booze – yanking popular cocktails from menus or slapping on a premium for the scarce commodity. In March, provinces ordered their liquor stores to yank all American products from their shelves, in retaliation for the Trump administration slapping 25% tariffs on Canadian goods. One Canadian bar owner told The Post he stocked up on half gallons of Kentucky Bourbon to survive the trade war. 3 Rafferty, who stocked up in March, is down to his last few bottles of Bourbon. Courtesy of Johnny Rafferty 'When Ontario said it was going to take every American brand off the shelf, I went nuts,' said Johnny Rafferty, owner of Rose and Crown bar in Toronto. Rafferty bought six cases in March, each containing six bottles of the Bluegrass State spirit. 'When I showed up, they just had these monster bottles,' he said. 'I pretty much grabbed whatever I could.' He's now down to his last four — two bottles of Jim Beam, one Jack Daniel's and a Bulleit. 'If these tariffs lift, I think it'll be a free for all,' he said. 3 Canada pulled US booze from shelves back in March in response to US tariffs. REUTERS Another bar owner meanwhile has been overcharging customers who are desperate for a taste of Kentucky whiskey — the now rare liquor. 'Because it's in limited supply, I charge more for it, right?' Scott Swain, manager of Danu Social House told CBC News. 'It's a premium product right now.' 3 Except for Alberta, other provinces have stuck with the ban, even five months in. VCG via Reuters Connect Bourbon makers in Kentucky had slammed Canada's ban as a 'disproportionate response' to the trade war. Alberta — where some have warmed to the idea of a 51st state — lifted the US booze ban in June to help ease trade negotiations, but other Northern provinces have shown no sign of relenting.
New York Post
16 minutes ago
- New York Post
More US tourists visit Canada than Canucks travel to America for first time ever: report
Tourists from the Great White North are giving the US the cold shoulder. In a surprise twist to the ongoing trade war between North American neighbors, July marked the first time ever more Americans road-tripped it to Canada, than vice versa. That month saw 1.8 million US car trips into Canada, compared to 1.7 million Canadian excursions to the Land of the Free, new data from Statistics Canada released Monday found. Cross-border trips between Canada and the US slowed in July, normally the busiest month of the year. Bloomberg via Getty Images Travel in both directions is slumping, however, as trade tensions between the two allies boil over. US visits to its northern neighbor dropped 7.4% from last July — normally the busiest travel month of the year — while Canadian road trips to America nosedived by a staggering 37%. It marked the sixth consecutive month of year-over-year declines in tourism, following President Trump's February announcement that he was implementing tariffs on Canada, while also joking that he planned to make the country the 51st state, which led to Canucks cancelling their US vacations in droves. 1.8 million Americans visited Canada by car in July. AMVShutter – The two countries blew past an Aug. 1 trade-deal deadline and are now locked in a tit-for-tat tariff battle. The US is targeting Canadian goods not covered by the Canada-United States-Mexico Agreement with tariffs of up to 50%, and Canada imposing 25% counter-tariffs on billions of US exports.
Yahoo
an hour ago
- Yahoo
INVO Fertility Reports Second Quarter 2025 Earnings
Explore INVO Fertility's Fair Values from the Community and select yours INVO Fertility (NASDAQ:IVF) Second Quarter 2025 Results Key Financial Results Net loss: US$3.21m (flat on 2Q 2024). US$8.07 loss per share. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period INVO Fertility Earnings Insights Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US. Performance of the American Medical Equipment industry. The company's shares are down 13% from a week ago. Risk Analysis Before you take the next step you should know about the 6 warning signs for INVO Fertility (3 are potentially serious!) that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
