La vendita allo scoperto per New Gold dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di New Gold. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

New Gold (AMEX:NGD) Azioni, Report sulle vendite allo scoperto

New Gold

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.

A report on July 1, 2025 shows that Representative Debbie Wasserman Schultz from Florida purchase stock in New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>), valued between $1,001 and $15,000. According to the July filing, the transaction occurred on February 28, 2024.
At the time of writing, New Gold shares are trading down 0.61% at $4.89.
<h3>What Representative Has Been Trading Recently</h3>
In the past three years, Debbie Wasserman Schultz made 23 stock trades totaling more than $23 thousand. The largest trades involved stocks like Adams Resources &amp; Energy and Alamos Gold. Their most notable trades made recently include key transactions: None
Here's a summary of Debbie Wasserman Schultz's recent trades:
To keep an eye on Debbie Wasserman Schultz's trades and other government stock activity, check out our <a href="https://www.benzinga.com/gov-trades/members/debbie-wasserman-schultz">real-time tracking tool</a>!
<h3>Why Congressional Transactions Matter</h3>
A congressional transaction is when any representative or senator either buys or sells an individual stock.
Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.
When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Government

News

Politics

Trading Ideas

General

This House of Representative Just Bought Up To $15K In New Gold Stock

CIBC analyst Anita Soni maintains New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) with a Outperformer and raises the price target from $3.4 to $4.75.

Price Target

Analyst Ratings

CIBC Maintains Outperformer on New Gold, Raises Price Target to $4.75

WIIM

New Gold shares are trading higher after the company reported better-than-expected Q1 financial results.

New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 100 percent. This is unchanged from the same period last year. The company reported quarterly sales of $209.10 million which beat the analyst consensus estimate of $166.58 million by 25.53 percent. This is a 8.85 percent increase over sales of $192.10 million the same period last year.

Earnings

Earnings Beats

New Gold Q1 Adj. EPS $0.02 Beats $0.01 Estimate, Sales $209.10M Beat $166.58M Estimate

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Laboratory Corporation Of America Holdings

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Earnings Scheduled For April 29, 2025

New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) is preparing to release its quarterly earnings on Tuesday, 2025-04-29. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect New Gold to report an earnings per share (EPS) of $0.01.
Investors in New Gold are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS beat by $0.01, leading to a 4.51% increase in the share price on the subsequent day.
Here's a look at New Gold's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.06</td>
<td>0.04</td>
<td>0.02</td>
<td>0</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.07</td>
<td>0.08</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>-2.0%</td>
<td>12.0%</td>
<td>9.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1745859682_0.png" alt="eps graph" />
<h3>Tracking New Gold's Stock Performance</h3>
Shares of New Gold were trading at $3.39 as of April 25. Over the last 52-week period, shares are up 92.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/NGD/earnings">To track all earnings releases for New Gold visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of New Gold's Earnings

Gold surged to fresh all-time highs on Monday, with bullion jumping 2.5% to $3,410 per ounce by 11:20 a.m. ET, as mounting distrust in U.S. financial assets and inflation fears drive a flight to safety unlike anything seen since the global debt crises <a href="https://www.benzinga.com/topic/donald-trump">of the early 2010s.</a>
Since early March, gold prices — tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) — have climbed an astonishing 19.4%, putting the metal on track for its strongest two-month rally since August 2011.
A perfect storm of macro instability, political friction and investor skepticism about the dollar and U.S. Treasuries is fueling the run.
<h1 class="wp-block-heading">What's Behind The Gold Boom?</h1>
The root of gold's dramatic resurgence lies in a potent mix of fundamental, structural and behavioral drivers.
The U.S. dollar and long-duration Treasuries — once go-to safe havens — have come under pressure in recent weeks amid President Donald Trump's tariff offensive and his escalating feud with Fed Chair Jerome Powell, raising fears over political interference and eroding confidence in U.S. institutions.
In this climate, gold's reputation as a neutral, time-tested store of value is attracting capital seeking stability.
As a result, traditional hedges have faltered. But gold, immune to sovereign missteps and backed by centuries of store-of-value status, has emerged as a refuge for capital looking for shelter from rising macro uncertainty.
Read also: <a href="https://www.benzinga.com/government/regulations/25/04/44899280/are-investors-selling-us-treasuries-as-trump-attacks-powell-heres-what-latest-etf-flows-tell-you">Are Investors Selling US Treasuries As Trump Attacks Powell? Here&#8217;s What Latest ETF Flows Tell You</a>
<h1 class="wp-block-heading">Massive Inflows Into Gold ETFs Confirm Strong Investment Demand</h1>
Investor appetite for gold is clearly visible in the massive inflows into gold-backed exchange-traded funds (ETFs) since mid-January, when Trump made his official return to the White House:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF Name </th>
<th>Inflows (Mid-January to Mid-April)</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>$8.35 billion</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>$3.5 billion</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>$2.46 billion</td>
</tr>
<tr>
<td>ProShares Ultra Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGL#NYSE">UGL</a>)</td>
<td>$117 million</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#NYSE">AAAU</a>)</td>
<td>$304.9 million</td>
</tr>
</tbody>
</table>
</figure>
These blockbuster flows signal broad-based institutional and retail demand. According to Goldman Sachs analyst Lina Thomas, the rally is not being fueled by short-term speculators.
"Data suggests the move has occurred without a substantial return of speculative flows," Thomas said. 
"With estimated COMEX speculative positioning still moderate, we view the rally as structurally supported and less exposed to sharp near-term liquidation risk. Thus, we see current levels as a tactically attractive entry point… and believe this reinforces upside risk to our $3,700/toz year-end forecast."
Ed Yardeni, president of Yardeni Research, said the current momentum validates his call from over a year ago. 
"We&#8217;ve been bullish on gold since it broke out above $2,000 per ounce at the end of February 2024. Our $4,000 target by the end of this year looks increasingly realistic. If that happens, then $5,000 would be our target for the end of 2026."
"This situation may come as a crisis for many assets, but for gold, it's a perfect outcome. Inflation fears remain high as the U.S. stock market loses trillions of dollars, and investors are leaning toward physical gold in search of security rather than risky assets like stocks and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)," said Rick Kanda, managing director at The Gold Bullion Company, in an email.
<h1 class="wp-block-heading">Miners Regain Momentum</h1>
The rally is also lifting gold miners, many of which had lagged physical bullion for much of 2024. Now, they're catching up. "Gold has surged to new all-time highs above $3,000/ounce, driven by renewed flows into gold-backed ETFs and continued strong demand from global central banks," VanEck said Monday.
"At the same time, gold miners are beginning to regain leverage to gold prices, emerging as some of the best-performing stocks so far this year."
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) is up nearly 52% year-to-date, eyeing the strongest annual gain since the fund&#8217;s inception in 2007.
In response to the metal's powerful rally, Bank of America on Monday raised price targets across its North American gold and silver coverage. 
The move comes just ahead of first-quarter earnings season in the precious metals sector, which begins April 23 with Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) and continues with Agnico Eagle Mines Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) on April 24.
Here are the new price targets for key names:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>New Target</th>
<th>Previous Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Agnico Eagle Mines </td>
<td>$159</td>
<td>$142</td>
</tr>
<tr>
<td>Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)</td>
<td>$23</td>
<td>$19.50</td>
</tr>
<tr>
<td>Kinross Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>)</td>
<td>$17.50</td>
<td>$15</td>
</tr>
<tr>
<td>Newmont Corp. </td>
<td>$70</td>
<td>$60</td>
</tr>
<tr>
<td>B2Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTG#NYSE">BTG</a>)</td>
<td>$3.10</td>
<td>$2.75</td>
</tr>
<tr>
<td>Centerra Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGAU#NYSE">CGAU</a>)</td>
<td>$6.50</td>
<td>$5.50</td>
</tr>
<tr>
<td>Eldorado Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>)</td>
<td>$19.50</td>
<td>$17.25</td>
</tr>
<tr>
<td>IAMGOLD Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>)</td>
<td>$9.25</td>
<td>$7.75</td>
</tr>
<tr>
<td>SSR Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NASDAQ">SSRM</a>)</td>
<td>$9.75</td>
<td>$8.50</td>
</tr>
<tr>
<td>Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>)</td>
<td>$35</td>
<td>$30.50</td>
</tr>
<tr>
<td>New Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGD#NYSE">NGD</a>)</td>
<td>$4.55</td>
<td>$4.10</td>
</tr>
<tr>
<td>Pan American Silver Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NASDAQ">PAAS</a>)</td>
<td>$32</td>
<td>$27</td>
</tr>
<tr>
<td>Franco-Nevada Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>)</td>
<td>$195</td>
<td>$165</td>
</tr>
<tr>
<td>Royal Gold Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>)</td>
<td>$183</td>
<td>$164</td>
</tr>
<tr>
<td>Triple Flag Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFPM#NYSE">TFPM</a>)</td>
<td>$27</td>
<td>$24</td>
</tr>
<tr>
<td>Wheaton Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>)</td>
<td>$100</td>
<td>$86</td>
</tr>
</tbody>
</table>
</figure>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/25/04/44886209/if-you-had-bet-on-gold-after-the-1971-nixon-shock-youd-have-beaten-the-sp-500-unless-you-did-this-one-thing">If You Had Bet On Gold After The 1971 Nixon Shock, You&#8217;d Have Beaten The S&amp;P 500 — Unless You Did This One Thing</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Large Cap

Macro Economic Events

Regulations

Sector ETFs

Broad U.S. Equity ETFs

Specialty ETFs

Commodities

Econ #s

Economics

Federal Reserve

ETFs

$BTC

AAAU

CGAU

Market Vectors ETF Trust Market Vectors Gold Miners

GLDM

GOLD

PAAS

RGLD

SSRM

TFPM

Gold Price Soars To Record Highs, Eyes Best 2-Month Rally Since 2011 On Blockbuster ETF Buying

SAND

SBSW

Shares of gold stocks are trading higher amid a rally in the value of the commodity past the price of $3300 and towards an all-time high.

Scotiabank analyst Eric Winmill maintains New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) with a Sector Outperform and raises the price target from $4.25 to $4.75.

Scotiabank Maintains Sector Outperform on New Gold, Raises Price Target to $4.75

Scotiabank analyst Eric Winmill maintains New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) with a Sector Outperform and raises the price target from $4 to $4.25.

Scotiabank Maintains Sector Outperform on New Gold, Raises Price Target to $4.25

New Gold Inc. ("New Gold" or the "Company") (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#TSX">NGD</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGD#NYSE">NGD</a>) is pleased to announce that it has entered into an agreement with Ontario Teachers' Pension Plan ("Ontario Teachers'") to acquire the remaining 19.9% free cash flow interest in the Company's New Afton Mine ("New Afton") (the "Transaction"). Following the transaction, the Company will have fully consolidated its free cash flow interest in New Afton to 100%.
On closing of the Transaction, Ontario Teachers' free cash flow interest in New Afton will be fully eliminated in exchange for a cash payment of $300 million from New Gold. New Gold plans to fund the cash payment with cash on hand, borrowings from its existing revolving credit facility and a gold prepayment financing ("Gold Prepayment").
Benefits to New Gold Shareholders
<ul>
<li>Fully consolidates free cash flow from one of Canada's most attractive mines&nbsp;– New Afton is entering into a period of expected significant free cash flow growth driven by increasing production and improved costs.</li>
<li>Investment in an existing high-quality operation&nbsp;– New Gold has developed extensive block caving expertise and social partnerships in an exceptional location.</li>
<li>Accretive and disciplined transaction&nbsp;– Fully consolidates ownership, gaining exposure to 100% of New Afton's life-of-mine cash flow with no equity dilution to New Gold's shareholders. New Gold will finance the Transaction by utilizing its strong balance sheet and significant near-term free cash flow, while maintaining financial discipline and flexibility.</li>
<li>Increased upside exposure&nbsp;– New Gold's focus on near-mine exploration activities, highlighted by exceptional drill results released in September 2024, provides New Afton with the potential to add substantial value by improving the production profile and extending mine life.&nbsp;The Company is committing $17 million towards exploration in 2025, with a strong focus on K-Zone.</li>
</ul>

TSX:NGD

New Gold To Buy Remaining 19.9% Stake in New Afton Mine for $300M in Cash

BofA Securities analyst Lawson Winder discussed the performance of gold price last week and where it is headed.
Gold prices have exceeded the analyst&#8217;s long-term target of $3,000 per ounce, with the analyst suggesting a potential rise to $3,500 if investment demand grows by 10%.
China&#8217;s insurance sector could allocate up to 1% of its assets to gold, representing about 6% of the annual gold market. Central banks, currently holding around 10% of their reserves in gold, might increase that to over 30% for portfolio efficiency.
Retail investors are also showing increased interest, with physically backed gold ETFs seeing a 4% year-over-year rise across major regions.
Additionally, potential trade policy uncertainty and a weaker U.S. dollar could further drive gold prices higher. A rebalancing of U.S. deficits may also create a bullish outlook for gold, noted the analyst.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44564321/why-mullen-automotives-stock-is-gaining-traction-today" rel="noreferrer noopener">Why Is EV Maker Mullen Automotive Stock Gaining Traction Today?</a>
On March 27, gold surged to a record $3,060/oz after Trump announced a 25% tariff on all imported passenger vehicles not made in the U.S.
The rally continued on March 28, reaching $3,087/oz, fueled by a higher-than-expected Personal Consumption Expenditure (PCE) index report, the Federal Reserve&#8217;s preferred inflation measure.
Gold closed the week up 2.1% at $3,085/oz, while major gold equity indices also gained: S&amp;P/TSX Global Gold Index: +1.9%, Philadelphia Gold and Silver Index: +1.4%, NYSE Arca Gold Bugs Index: +2.0%
All North American gold producers under the analyst&#8217;s coverage have released their year-end 2024 gold reserves, with Eldorado Gold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) reporting as of September 30 and Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) as of June 30.
While most companies have also provided 2025 production guidance, SSR Mining Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NASDAQ">SSRM</a>) has yet to do so. SSRM has been included in the reserve life analysis using reasonable 2025 production estimates.
The analyst noted the reserve lives are trending higher, but this growth is primarily due to a drop in annual gold production rather than a significant increase in reserves.
In 2024, total gold reserves rose by just 1.4%, while production declined by 8%, noted the analyst.
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<li><a href="https://www.benzinga.com/25/03/44558639/amazon-secures-nokias-video-technology-in-major-patent-deal" target="_blank" rel="noreferrer noopener">Nokia, Amazon End Patent Dispute With Major Licensing Pact for Streaming Innovation</a></li>
</ul>
Image via Shutterstock.

Equities

Gold Rally Could Gain Momentum With Central Bank Buying And China Allocation, Analyst Says

Bank of America upgraded Canadian <a href="https://www.benzinga.com/topic/gold">intermediate gold miner</a> New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) from Underperform to Buy. The double upgrade saw the bank&#8217;s analysts raise the price target by 50%, to $3.90, citing strong production growth, lower costs, and increasing free cash flow.
Analysts who see a substantial operational upside increased the company&#8217;s net asset value estimate by 19%, reflecting revised mine plans and improved cost efficiency. They also raised its valuation multiple from 1.00x to 1.25x, citing investment profile and potential for higher margins.
New Gold operates two primary mining assets: the Rainy River Mine in Ontario and the New Afton Mine in British Columbia. In 2024, the company produced 298,303 ounces of gold and 54 million pounds of copper, achieving all-in sustaining costs of $1,239 per ounce, which was below the original guidance.
Still, the firm posted healthy financials, generating $85 million in free cash flow despite significant capex for mine development and expansion efforts.
This success made analysts take notice, as investments in underground development and waste stripping at Rainy River have enhanced operational stability, reducing long-term costs while improving efficiency. The mine is expected to benefit from ongoing optimization initiatives to reduce all-in sustaining costs further and extend its production life.
Meanwhile, at New Afton, the C-Zone project reached commercial production in late 2024 and is set to drive significant production growth. The company also increased its stake in New Afton to 80.1% after repurchasing Ontario Teachers' Pension Plan's free cash flow interest.
For 2025, gold production is projected to grow by 18% to 351,000 ounces, while all-in sustaining costs are expected to decline 25% to $1,049 per ounce. 
By 2026, the bank expects the output to increase by 32% to 464,000 ounces, with all-in sustaining costs dropping to just $624 per ounce, among the lowest in its gold sector coverage.
Earnings estimates have also been revised upward, with 2025 earnings per share forecasted at 33 cents, up from the previous 15 cents, and 2026 earnings per share rising to 58 cents, nearly double the prior estimate.
Bank of America recently lifted its gold price targets to $3,063 per ounce in 2025 and $3,350 in 2026, citing ongoing geopolitical risks and central bank purchases. The firm believes a 10% increase in investment demand could push prices to $3,500 over the next two years.
Read Next:  
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<li><a href="https://www.benzinga.com/news/legal/25/03/44490949/gold-ma-deals-are-accelerating-but-average-deals-are-smaller-research-shows">Gold M&amp;A Deals Are Accelerating, But Average Deals Are Smaller, Research Shows</a></li>
</ul>
Image: Shutterstock

Upgrades

Markets

Bank of America Calls New Gold A Buy, Lifts Price Target By 50%

New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.06 by 16.67 percent. This is a 800 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $262.20 million which missed the analyst consensus estimate of $265.90 million by 1.39 percent. This is a 31.63 percent increase over sales of $199.20 million the same period last year.

Earnings Misses

New Gold Q4 Adj $0.07 Beats $0.06 Estimate, Sales $262.20M Miss $265.90M Estimate

ACVA

AMPL

ANSS

APPN

BLCO

BMRN

BORR

CAKE

CCAP

CCSI

CHDN

CMTG

CVNA

CWAN

ENLT

ENVX

ETSY

EXAS

FOLD

First Trust Advantage Preferred Income Fund

FVRR

GLBE

GRAB

GRMN

ICLR

IIPR

IMAX

INSG

IONS

KALU

KPTI

KRYS

KVYO

LAND

LILA

LILAK

LOPE

LUNG

MANU

MATV

MGRC

MTRN

NDSN

NRDS

NYMT

OBDC

PERI

PNST

PRAA

Earnings Scheduled For February 19, 2025

Scotiabank analyst Eric Winmill maintains New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) with a Sector Outperform and raises the price target from $3.5 to $4.

Scotiabank Maintains Sector Outperform on New Gold, Raises Price Target to $4

<ul>
<li>Fourth quarter consolidated production was 80,438 ounces of gold and 14.5 million pounds of copper, representing the highest gold and copper production quarter of 2024, resulting in a 2% and 20% increase over the prior-year period, and 3% and 15% increase over the third quarter of 2024, respectively.</li>
<li>New Afton fourth quarter production was 19,652 ounces of gold and 14.5 million pounds of copper, an increase of 19% gold production and 15% copper production over the third quarter. The B3 cave performed as planned, and C-Zone ore production is ramping up as planned following commercial production and crusher commissioning early in the fourth quarter. Gold production beat the top end of the original 2024 guidance, with copper production achieving the midpoint.</li>
<li>Rainy River fourth quarter production was 60,786 ounces of gold. Fourth quarter operations were adversely impacted by unexpected mechanical down-time on the crushing and conveying system in December, leading to lower than expected throughput. As a result, fourth quarter production, specifically December production, was below plan, leading to gold production slightly below the updated 2024 guidance range.</li>
<li>2024 consolidated gold production of 298,303 ounces of gold was slightly below the updated consolidated guidance range of 300,000 to 310,000 ounces, while 54.0 million pounds of copper achieved the midpoint of initial copper production guidance range outlined at the start of 2024. Consolidated all-in sustaining costs3 are expected to be at the low end of the guidance range of $1,240 to $1,340 per gold ounce sold on a by-product basis.</li>
</ul>

Reported Earlier, New Gold Reported Q4 2024 Gold Production Of 80,438 Ounces (+2% YoY) And 14.5M Pounds (+20% YoY) Of Copper

New Gold shares are trading lower after the company reported worse-than-expected Q3 revenue results.

New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.04 by 100 percent. This is a 166.67 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $252.000 million which missed the analyst consensus estimate of $254.320 million by 0.91 percent. This is a 25.19 percent increase over sales of $201.300 million the same period last year.

New Gold Q3 2024 Adj. EPS $0.08 Beats $0.04 Estimate, Sales $252.000M Miss $254.320M Estimate

Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

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