NGD
New Gold IncNGD
NGD
About: New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets which are also its operating segments: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver.
Employees: 1,607
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
664% more call options, than puts
Call options by funds: $20M | Put options by funds: $2.62M
24% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 29
19% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 59
2% more funds holding
Funds holding: 214 [Q3] → 218 (+4) [Q4]
1.82% more ownership
Funds ownership: 49.83% [Q3] → 51.65% (+1.82%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 5 (+0) [Q4]
11% less capital invested
Capital invested by funds: $1.14B [Q3] → $1.02B (-$124M) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4
22%
upside
Avg. target
$4
22%
upside
High target
$4
22%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Scotiabank Eric Winmill 44% 1-year accuracy 4 / 9 met price target | 22%upside $4 | Sector Outperform Maintained | 13 Feb 2025 |
Financial journalist opinion
Based on 11 articles about NGD published over the past 30 days
Neutral
PRNewsWire
4 hours ago
New Gold Announces Expiration and Results of its Tender Offer for its 7.50% Senior Notes due 2027
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO , March 14, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announced today that the tender offer (the "Tender Offer") commenced on March 4, 2025 to purchase any and all of its outstanding 7.50% Senior Notes due 2027 (the "Notes") expired at 5:00 p.m. New York City Time on March 13, 2025 (the "Expiration Time").
Neutral
PRNewsWire
3 days ago
NEW GOLD STRENGTHENS OPERATIONAL LEADERSHIP TEAM
Appoints Travis Murphy as Vice President, Operations TORONTO , March 11, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the appointment of Travis Murphy as Vice President, Operations, effective March 24, 2025. Mr. Murphy is a registered professional geologist and experienced mining professional with over 18 years of industry experience, overseeing mining and planning activities and was most recently the Principal Advisor – Productivity (North America) for Newmont Corporation ("Newmont").
Positive
Seeking Alpha
3 days ago
New Gold: A Solid Buy-The-Dip Candidate
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.
Neutral
PRNewsWire
1 week ago
New Gold Announces Pricing of $400 million Senior Notes Offering to Fund Tender Offer for Outstanding 7.50% Senior Notes
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO , March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) today announced the pricing of its previously announced offering of $400 million aggregate principal amount of 6.875% Senior Notes due 2032 (the "Notes"). The offering is expected to close on or about March 18, 2025, subject to customary closing conditions.
Neutral
PRNewsWire
1 week ago
New Gold Announces Tender Offer for its 7.50% Senior Notes due 2027
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO , March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announced today that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding senior notes (the "Notes") listed in the following table upon the terms and conditions described in New Gold's Offer to Purchase, dated March 4, 2025 (the "Offer to Purchase"). Title of Security CUSIP Numbers Principal Amount Outstanding Purchase Price per $1,000 of Notes (1) 7.50% Senior Notes due 2027 644535 AH9 (Rule 144A) / C62944 AD2 (Regulation S) $400,000,000 $1,008.00 (1) Holders whose Notes are purchased will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the settlement date.
Neutral
PRNewsWire
1 week ago
New Gold Announces Launch of $400 Million Senior Notes Offering to Fund Tender Offer for Outstanding 7.50% Senior Notes
(All amounts are in U.S. dollars unless otherwise indicated) TORONTO , March 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) today announced that it has commenced an offering of $400 million aggregate principal amount of Senior Notes (the "Notes"). New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the purchase of any and all of its outstanding 7.50% senior notes due 2027 (the "Existing Notes") and to pay related fees and expenses.
Neutral
Seeking Alpha
3 weeks ago
New Gold Inc. (NGD) Q4 2024 Earnings Call Transcript
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.
Neutral
PRNewsWire
3 weeks ago
NEW GOLD REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
Strong Cost Discipline Leads to All-In Sustaining Costs Beating the Low End of Guidance and Delivering Another Strong Quarter of Free Cash Flow (All amounts are in U.S. dollars unless otherwise indicated) TORONTO , Feb. 19, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) reports fourth quarter and full year 2024 results. Full year 2024 production totaled 298,303 gold ounces at all-in sustaining costs4 of $1,239 per gold ounce.
Positive
Zacks Investment Research
3 weeks ago
Will New Gold (NGD) Beat Estimates Again in Its Next Earnings Report?
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.
Neutral
PRNewsWire
4 weeks ago
NEW GOLD ANNOUNCES MINE LIFE EXTENSION AT BOTH NEW AFTON AND RAINY RIVER; OUTLINES STRONG FREE CASH FLOW PROFILE OVER NEXT THREE YEARS
Provides Three-Year Operational Outlook and Files Updated Technical Reports for New Afton and Rainy River Mines (All amounts are in U.S. dollars unless otherwise indicated) TORONTO , Feb. 12, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to provide its three-year operational outlook and announces the filing of Technical Reports for the New Afton and Rainy River mines. The Technical Reports were prepared in compliance with National Instrument 43-101 ("NI 43-101").
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