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New Gold Inc. (NGD-T) is recognized for its strong collection of Tier 2 assets, which positions it well in the current market landscape. Despite some reservations regarding its Ontario assets, there is a general belief among experts that they might not be a significant drawback for the company’s overall performance. The potential for New Gold to thrive is supported by a rising gold price environment, as this scenario tends to favor marginal producers. Experts highlight the importance of higher quality operations, and there is optimism about New Gold’s capacity to leverage favorable market conditions. Overall, while some experts express caution, there's an underlying positivity regarding the company's prospects in a bullish gold market.
NGD has had a nice run recently alongside the price of gold, and while its fundamentals are fairly strong we might expect a slight pullback here as it has run up ~65% in the past month.
Debt levels are OK, its free cash flow can be lumpy, but it has a strong cash balance of $236.4M and an equity position of $959.5M.
It is expected to report earnings in a couple of weeks and we would prefer to wait until earnings have been released and reassess the company's prospects at that time before jumping in.
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Chart shows a bunch of lower highs. The group of sellers are accepting lower and lower prices and are willing to sell. The buyers are sticking to a certain price (about $3.75 or $4) and are not willing to step up. Sellers are getting more aggressive and buyers are not. If he owned, he would be selling.
A gold producer with production of about 400,000 ounces. The main catalyst is the building of a new mine, a Rainy River project in Northwestern Ontario. The problem is the funding of the project. The balance sheet has been stressed. Ran into some problems in Rainy River with some issues on the concrete that was poured, and have had to redesign it, costing $40 million-$50 million more than expected. That has investors worried about the balance sheet and how they are going to fund that extra capital. Because of that, he is not looking at this at the moment. If you see this gold bull market continue to move higher, and the US generalist’s get pulled more into the space, this name could really re-rate and perform.
New Gold Inc. is a Canadian stock, trading under the symbol NGD-T on the Toronto Stock Exchange (NGD-CT). It is usually referred to as TSX:NGD or NGD-T
In the last year, there was no coverage of New Gold Inc. published on Stockchase.
New Gold Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for New Gold Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered New Gold Inc. In the last year. It is a trending stock that is worth watching.
On 2025-04-15, New Gold Inc. (NGD-T) stock closed at a price of $5.07.