NGD Stock Recent News

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.

New Gold (NGD) reachead $3.12 at the closing of the latest trading day, reflecting a +0.32% change compared to its last close.

In the most recent trading session, New Gold (NGD) closed at $3.13, indicating a +0.97% shift from the previous trading day.

Initiating coverage on New Gold with a “Buy” rating and a 36-month horizon due to strong fundamentals and potential for production growth and margin expansion. New Gold's liquidity buffer of $461 million and robust operating cash flow support aggressive growth plans, with expected significant EBITDA margin expansion by 2026. Gold's uptrend, driven by potential aggressive monetary policies and geopolitical tensions, supports the bullish outlook for New Gold, with anticipated realized gold prices reaching $3,000 an ounce.

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?

New Gold Inc. (NYSE:NGD ) Q2 2024 Results Conference Call July 31, 2024 8:30 AM ET Company Participants Ankit Shah - EVP, Strategy and Business Development Patrick Godin - President and CEO Keith Murphy - CFO Luke Buchanan - VP, Technical Services Jean-Francois Ravenelle - VP, Geology Conference Call Participants Eric Winmill - Scotiabank Anita Soni - CIBC World Markets Jeremy Hoy - Canaccord Mike Parkin - National Bank Operator Good morning. My name is Ludy, and I'll be your conference operator today.

Company Enters Sustained Free Cash Flow Generation Period (All amounts are in U.S. dollars unless otherwise indicated) TORONTO , July 30, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) reports second quarter results for the Company as of June 30, 2024. Second quarter 2024 production was 68,598 gold ounces and 13.6 million pounds of copper as planned, at an operating expense of $1,156 per gold ounce sold (co-product basis)3 and all-in sustaining costs1 of $1,381 per gold ounce sold (by-product basis).

Here is how New Gold (NGD) and Equinox Gold (EQX) have performed compared to their sector so far this year.

New Gold (NGD) is well positioned to outperform the market, as it exhibits above-average growth in financials.