New Gold Price Target Raised to US$6.50 at CIBC

MT Newswires Live07-29

CIBC Capital Markets raised its price target on New Gold Inc. (NGD.TO, NGD) to US$6.50 from US$6.25.

Analyst Anita Soni maintained an Outperformer rating on shares of the Canadian intermediate gold mining company following its Q2 results before market open on July 28.

"The beat against our estimate was on the back of lower operating costs, depreciation, and taxes, partially offsetting the lower-than-estimated gold production," Soni said in a note to clients.

"Quarterly free cash flow of $63M represented a quarterly record," the analyst said.

"We believe focus will remain on New Gold's free cash flow set-up for the back half of this year which remains intact."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2555059274?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-29 20:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2555059274","market":"sh","top_or_hot":-1,"title":"New Gold Price Target Raised to US$6.50 at CIBC","media":"MT Newswires Live","content":"<html><body><p> CIBC Capital Markets raised its price target on New Gold Inc. (NGD.TO, NGD) to US$6.50 from US$6.25.</p><p>Analyst Anita Soni maintained an Outperformer rating on shares of the Canadian intermediate gold mining company following its Q2 results before market open on July 28.</p><p>\"The beat against our estimate was on the back of lower operating costs, depreciation, and taxes, partially offsetting the lower-than-estimated gold production,\" Soni said in a note to clients.</p><p>\"Quarterly free cash flow of $63M represented a quarterly record,\" the analyst said.</p><p>\"We believe focus will remain on New Gold's free cash flow set-up for the back half of this year which remains intact.\"</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Gold Price Target Raised to US$6.50 at CIBC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Gold Price Target Raised to US$6.50 at CIBC\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-07-29 20:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> CIBC Capital Markets raised its price target on New Gold Inc. (NGD.TO, NGD) to US$6.50 from US$6.25.</p><p>Analyst Anita Soni maintained an Outperformer rating on shares of the Canadian intermediate gold mining company following its Q2 results before market open on July 28.</p><p>\"The beat against our estimate was on the back of lower operating costs, depreciation, and taxes, partially offsetting the lower-than-estimated gold production,\" Soni said in a note to clients.</p><p>\"Quarterly free cash flow of $63M represented a quarterly record,\" the analyst said.</p><p>\"We believe focus will remain on New Gold's free cash flow set-up for the back half of this year which remains intact.\"</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_1OZ","symbol_name":"1盎司黄金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2555059274","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555059274","pubTimestamp":1753792697,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"CIBC Capital Markets raised its price target on New Gold Inc. (NGD.TO, NGD) to US$6.50 from US$6.25.Analyst Anita Soni maintained an Outperformer rating on shares of the Canadian intermediate gold min","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"NGD":"New Gold"},"translate_title":"CIBC新金价目标上调至6.50美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"1OZmain":1,"NGD":0.9},"content_text":"CIBC Capital Markets raised its price target on New Gold Inc. (NGD.TO, NGD) to US$6.50 from US$6.25.Analyst Anita Soni maintained an Outperformer rating on shares of the Canadian intermediate gold mining company following its Q2 results before market open on July 28.\"The beat against our estimate was on the back of lower operating costs, depreciation, and taxes, partially offsetting the lower-than-estimated gold production,\" Soni said in a note to clients.\"Quarterly free cash flow of $63M represented a quarterly record,\" the analyst said.\"We believe focus will remain on New Gold's free cash flow set-up for the back half of this year which remains intact.\"(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2555059274","isCrawlerRequest":true}