Latest news with #NewGold
Yahoo
a day ago
- Business
- Yahoo
New Gold (NGD) Beats Stock Market Upswing: What Investors Need to Know
New Gold (NGD) ended the recent trading session at $4.69, demonstrating a +0.43% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.01%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 0.32%. Shares of the gold mining company have appreciated by 11.19% over the course of the past month, outperforming the Basic Materials sector's gain of 4.05% and the S&P 500's gain of 5.2%. Analysts and investors alike will be keeping a close eye on the performance of New Gold in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.08, indicating a 300% growth compared to the equivalent quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.39 per share and a revenue of $1.31 billion, indicating changes of +95% and +41.21%, respectively, from the former year. It is also important to note the recent changes to analyst estimates for New Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.96% higher. New Gold is holding a Zacks Rank of #2 (Buy) right now. Digging into valuation, New Gold currently has a Forward P/E ratio of 11.97. This denotes a discount relative to the industry's average Forward P/E of 13.23. The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Cision Canada
2 days ago
- Business
- Cision Canada
NEW GOLD PUBLISHES 2024 SUSTAINABILITY REPORT
A Decade of Reporting on Sustainability Topics Critical to Communities, Stakeholders, and Our Business TORONTO, June 4, 2025 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the publication of its 2024 Sustainability Report. New Gold has published an annual Sustainability Report since 2015, reporting on the sustainability-related material topics that matter most to communities, stakeholders and our business. The 2024 Sustainability Report is available on New Gold's Sustainability Microsite, accessible through "2024 was a significant year for New Gold and we see this reflected in our sustainability practices and performance," stated Patrick Godin, President and CEO. "Teamwork and collaboration by employees across the Company saw the creation of our refreshed Sustainability Strategy and renewed focus on our sustainability objectives. Across the organization, we continue to advance our environmental and social performance, driving value for New Gold, our stakeholders, and the communities where we operate." "I'm incredibly proud of our team and the dedication they've shown throughout the year," added Sophie Bertrand, Senior Director of Sustainability. "This report is more than just numbers—it's a reflection of the care, innovation, and integrity our people bring to sustainability every day. I'm excited about the progress we've made and the path ahead." New Gold's 2024 Sustainability Report was prepared in alignment with the Global Reporting Initiative (GRI) Standards, including the newly released GRI 14 Mining Sector supplement, the Sustainability Accounting Standards Board (SASB) Metals and Mining Standards, and the Mining Local Procurement Reporting Mechanism (LPRM). 2024 Sustainability Highlights Across operations, New Gold achieved a 7.8% reduction in Scope 1 and Scope 2 greenhouse gas emissions from 2023, with an overall reduction of 15% from New Gold's 2020 baseline year. These reductions were achieved through a range of conservation and reduction initiatives that are specific to each operation, including the use of battery electric production vehicles at New Afton and emissions tracking and mitigation practices at Rainy River. New Gold's total recordable injury frequency rate ("TRIFR") decreased from 0.80 in 2023 to 0.72 in 2024, achieving the lowest consolidated TRIFR in New Gold history. Since 2021, New Gold's TRIFR has decreased by 42%, exemplifying New Gold's safety-first culture and the commitment to the Courage to Care culture. Indigenous employees represent 24% of New Gold's workforce across operations. The Company is committed to engaging in ways that foster respectful relationships that are built on trust and acceptance and promote Indigenous cultural awareness . New Gold is proud of its strong commitment to local employment, helping to foster community prosperity — in 2024, 79% of the workforce at New Afton and 67% at Rainy River were hired locally. In 2024, New Gold invested over C$765,000 in local communities by supporting non-governmental agencies, charities and research institutions. This includes C$412,000 which was invested through New Gold's formalized Community Investment Program that strives to go beyond traditional philanthropic practices to create long-term social and community development in the communities where New Gold operates. About New Gold New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine. New Gold's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for our shareholders and stakeholders. For further information on the Company, visit SOURCE New Gold Inc.
Yahoo
22-05-2025
- Business
- Yahoo
New Gold Inc. (NGD) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of New Gold (NGD)? Shares have been on the move with the stock up 23.9% over the past month. The stock hit a new 52-week high of $4.31 in the previous session. New Gold has gained 71.4% since the start of the year compared to the 5.9% move for the Zacks Basic Materials sector and the 45.5% return for the Zacks Mining - Gold industry. The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 29, 2025, New Gold reported EPS of $0.02 versus consensus estimate of $0.01. For the current fiscal year, New Gold is expected to post earnings of $0.41 per share on $1.31 billion in revenues. This represents a 105% change in EPS on a 41.21% change in revenues. For the next fiscal year, the company is expected to earn $0.70 per share on $1.87 billion in revenues. This represents a year-over-year change of 72.15% and 43.01%, respectively. New Gold may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style. New Gold has a Value Score of B. The stock's Growth and Momentum Scores are B and C, respectively, giving the company a VGM Score of B. In terms of its value breakdown, the stock currently trades at 10.4X current fiscal year EPS estimates, which is not in-line with the peer industry average of 12.8X. On a trailing cash flow basis, the stock currently trades at 8.4X versus its peer group's average of 11X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, New Gold currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if New Gold fits the bill. Thus, it seems as though New Gold shares could have potential in the weeks and months to come. Shares of NGD have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is B2Gold Corp (BTG). BTG has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of A, and a Momentum Score of B. Earnings were strong last quarter. B2Gold Corp beat our consensus estimate by 12.50%, and for the current fiscal year, BTG is expected to post earnings of $0.51 per share on revenue of $2.96 billion. Shares of B2Gold Corp have gained 2.2% over the past month, and currently trade at a forward P/E of 6.32X and a P/CF of 7.42X. The Mining - Gold industry is in the top 6% of all the industries we have in our universe, so it looks like there are some nice tailwinds for NGD and BTG, even beyond their own solid fundamental situation. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report B2Gold Corp (BTG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
Why New Gold Inc. (NGD) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where New Gold Inc. (NYSEAMERICAN:NGD) stands against other Tuesday's best-performing stocks. The stock market ended the trading session in the red on Tuesday, with all major indices giving up earlier gains, as investors sold off positions while waiting for the results of the Federal Reserve's policy decision, while digesting President Donald Trump's new tariff policies. Among all the major indices, the Dow Jones fell the heaviest, down 0.95 percent. The tech-heavy Nasdaq followed with a 0.87-percent decline, while the S&P 500 finished with a 0.77-percent drop. Beyond the major indices, 10 firms stood out with strong gains amid a flurry of fresh developments, including new partnerships, optimistic outlooks, and impressive earnings performance. In this article, we name Tuesday's 10 best-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. Copyright: tomas1111 / 123RF Stock Photo New Gold saw its share prices surge by 6.87 percent on Tuesday to close at $4.2 apiece as investors loaded positions following another round of rally in the prices of gold. Considered a less risky asset during economic turmoil, gold continues to attract investor interest amid the ongoing trade tensions between the United States and China. As of 4:57 PM ET on Tuesday, spot prices of gold were up by 2.94 percent at $3,432.19 per ounce. In other news, investors continued to load up positions following New Gold Inc.'s (NYSEAMERICAN:NGD) impressive earnings performance in the first quarter of the year. In its latest earnings, New Gold Inc. (NYSEAMERICAN:NGD) said net loss narrowed by 61.6 percent to $16.7 million from $43.5 million in the same period a year earlier. Revenues, on the other hand, rose by 8.8 percent to $209.1 million from $192.1 million year-on-year due to higher metal prices and copper sales volume, partially offset by lower gold sales volume. Consolidated gold production ended at 52,186 ounces in the first quarter, while copper production was at 13.6 million pounds. First quarter gold production represented approximately 15 percent of the midpoint of annual consolidated production guidance of 325,000 to 365,000 ounces of gold, slightly ahead of the planned first quarter of 14 percent. Overall, NGD ranks 10th on our list of Tuesday's best-performing stocks. While we acknowledge the potential of NGD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NGD but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
05-05-2025
- Business
- The Market Online
Rich TV Live's Stocks to Watch this week (May 2, 2025)
Richard De Sousa of the Rich TV Live podcast serves up his latest Stocks to Watch, exclusively for Stockhouse. De Sousa comments on his conviction in Cantor Equity Partners (NASDAQ:CEP), New Gold (TSX:NGD), Coinbase (NASDAQ:COIN), Arm Holdings (NASDAQ:ARM) and more in this week's Rich TV Live Stocks to Watch. Check out the video above to learn what stocks you should add to your watchlist in 2025 and consider investing in. Join the discussion: Head over to the Bullboards at Stockhouse's stock forums and message boards to share your view and hear what everyone is saying about these and other stocks. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
