Shares of New Gold Inc. (NGD) reached a 52-week high of USD 4.99, marking a significant upward trend over the past year. The stock has surged 152.3% during this period, signaling growing investor confidence and strong market sentiment.
According to InvestPro, the company holds an “Excellent” financial health rating. Three analysts have recently raised their earnings estimates, further boosting investor optimism. The company’s strong fundamentals—such as a 54% gross margin and 21% revenue growth—have contributed to the rally. InvestPro’s fair value analysis suggests the stock remains slightly undervalued at current levels.
As New Gold continues to gain ground, investors are watching to see whether the stock can maintain its momentum and reach new highs. InvestPro offers 14 additional exclusive insights, including detailed valuation metrics and growth forecasts, to help investors make informed decisions.
In recent financial news, New Gold reported its first-quarter 2025 results. The company posted earnings per share (EPS) of USD 0.02, matching analyst expectations. Revenue came in at USD 289 million, well above the projected USD 192.13 million.
New Gold also highlighted a strong liquidity position, with USD 590 million in available funds. It plans to invest USD 30 million in exploration activities through 2025. In a strategic move, the company announced it will acquire the remaining 19.9% free cash flow interest in its New Afton mine, bringing its ownership to 100%. This acquisition will be financed using existing cash, credit facilities, and a USD 100 million gold prepayment.
Despite the strong quarterly performance and strategic expansion, New Gold shares dipped 0.59% in after-hours trading. Analysts from RBC Capital Markets and Bank of America have shown interest in the company’s growth strategy and exploration updates.
New Gold continues to focus on operational efficiency and exploration, aligning with broader industry trends driven by rising demand for gold and copper.
