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New Gold (NGD)
:NGD
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -5.50%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and successful completion of key projects, with record cash flow and cost reductions. However, it also acknowledged challenges at Rainy River, including production shortfalls and operational setbacks. Despite these challenges, the company's outlook remains positive due to successful exploration results and strategic project advancements.Company Guidance
During the third quarter of 2024, New Gold Inc. reported significant growth and improved financial metrics. Production reached its highest level of the year, with approximately 78,400 ounces of gold and 12.6 million pounds of copper, marking a 14% increase in gold production from the previous quarter. This production boost was accompanied by a 13% reduction in consolidated all-in sustaining costs (AISC), with Rainy River achieving a remarkable 29% cost reduction. These operational efficiencies contributed to a record quarterly free cash flow generation of $57 million. Revenue for the quarter also hit a record at $252 million, driven by higher metal prices and increased gold sales, leading to net earnings of $38 million or $0.05 per share. With cash on hand at $133 million and a total liquidity position of $459 million, New Gold is well-positioned for future endeavors. The company also reduced its sustaining capital expenditures to $20 million and growth capital to $43 million, underscoring effective capital management.Strong Production and Cost Reduction
The company reported a 40% increase in production over the second quarter and a 13% decrease in all-in sustaining costs. Rainy River achieved a 29% reduction in all-in sustaining costs compared to the second quarter.
Record Financial Performance
New Gold reported a record quarterly free cash flow generation of $57 million and third quarter revenue of $252 million, which is a quarterly record.
Milestones in Growth Projects
New Gold C-Zone achieved commercial production ahead of schedule. The gyratory crusher and conveyor system have been commissioned ahead of schedule, positively impacting production, cost, and cash flow.
Positive Exploration Results
Promising results were reported at both New Afton and Rainy River, extending open pit and underground mineralization.
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NGD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NGD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $2.91 | $2.85 | -2.06% |
| Jul 30, 2024 | $2.06 | $2.31 | +12.14% |
| Apr 30, 2024 | $1.74 | $1.89 | +8.62% |
| Feb 13, 2024 | $1.20 | $1.14 | -5.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New Gold (NGD) report earnings?
New Gold (NGD) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is New Gold (NGD) earnings time?
New Gold (NGD) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NGD EPS forecast?
NGD EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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