TSE:NGD

3.03
0.01 (0.33%) 1d
0

Related posts

Weekly 52-Week Low (or 52-Week High): ELD-T, SIL-T, AMM-T, DIAM-T and More 52-Week Highs and Lows (Jul 10-16)Earnings mixed, Powell holds ratesLacklustre stocks, cryptos gain
Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Based on the reviews, it seems that NGD-T has experienced a recent surge alongside the price of gold, with strong fundamentals but a potential for a slight pullback. The company has manageable debt levels, strong cash balance, and equity position. There are operational risks associated with its smaller operation, and it is advised to wait until the earnings report before considering an investment.

Consensus
Wait
Valuation
Fair Value
BUY ON WEAKNESS
New Gold Inc.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

 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.  
Unlock Premium - Try 5i Free

precious metals
DON'T BUY
New Gold Inc.

Operational risks with its smaller operation. 

precious metals
COMMENT
New Gold Inc.
Doesn't think there will be a take-over soon. The CEO used to be the CEO of Richmond Mines. They now have an operator. On their watch list and he has confidence in management.
precious metals
BUY
New Gold Inc.
We're in seasonality for gold, peaking in late-September, then from Dec. 23-March 22. NGD has doubled in a short period of time. NGD has seen a recent big move, doubling, but this month it is flagging, consolidating, then afterwards should explode higher. But this is very volatile. The trend is higher. Buy on support.
precious metals
WATCH
New Gold Inc.
They are reworking a high-cost mine in Ontario. Gold prices have helped the share price lately. He is watching, but wonders if it will return to $9. He would wait to get more clarity on the risks involved.
precious metals
WATCH
New Gold Inc.
A company that has struggled with large mines that take so long to get going. Rainy River has been their Achilles heel. They put out a good update, but one quarter does not make the mine. He wants to see several quarters of success. Patience is needed, but there is still significant risk for this project.
precious metals
DON'T BUY
New Gold Inc.
Guidance maintained, but concerns about mixed results. Would tend to stay away or switch out to something else. But if you’ve owned it for a while, looks like it might come around and have quite a bit of leverage.
precious metals
SELL
New Gold Inc.

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.

precious metals
COMMENT
New Gold Inc.

The knock against this is the climbing costs of their Rainy River mine that they would like to get into production. He prefers companies that have very robust projects to start with. Things like this one were not robust to start with, even before they acquired it. He is not interested in this.

precious metals
COMMENT
New Gold Inc.

He sold his holdings. Likes their operating skills, but doesn’t like Rainy River. Doesn’t understand the geology in Rainy River enough to understand the $1 billion price tag on it.

precious metals
COMMENT
New Gold Inc.

Well sponsored and has good management, but they are having problems the same as every other gold company. This one should be fine based on his gold thesis.

precious metals
COMMENT
New Gold Inc.

If there was a tight group of 5 companies that he would find investable right now, this would be in the next level up. Their projects are good, but he never gets a feeling they are super fantastic.

precious metals
WATCH
New Gold Inc.

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.

precious metals
COMMENT
New Gold Inc.

(Market Call Minute.) Probably one of the best of the 2nd tier producers. Highly leveraged to the gold price and well-run.

precious metals
COMMENT
New Gold Inc.

If gold recovers, which it should over time, especially if the US$ comes down a bit, there is lots of value in the gold market. The stocks are way off. Have had a little recovery, but not that much. If you think gold is flat or down, don’t be in a rush. He would be hesitant.

precious metals
Showing 1 to 15 of 54 entries

New Gold Inc.(NGD-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for New Gold Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

New Gold Inc.(NGD-T) Frequently Asked Questions

What is New Gold Inc. stock symbol?

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

Is New Gold Inc. a buy or a sell?

In the last year, there was no coverage of New Gold Inc. published on Stockchase.

Is New Gold Inc. a good investment or a top pick?

New Gold Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for New Gold Inc..

Why is New Gold Inc. stock dropping?

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.

Is New Gold Inc. worth watching?

0 stock analysts on Stockchase covered New Gold Inc. In the last year. It is a trending stock that is worth watching.

What is New Gold Inc. stock price?

On 2024-07-23, New Gold Inc. (NGD-T) stock closed at a price of $3.03.