New Gold Inc. (NYSE:NGD) is one of the best affordable stocks under $5 to invest in. In a report released on July 7, Michael Siperco from RBC Capital maintained a Buy rating on New Gold Inc. (NYSE:NGD) and set a price target of $6.00.
Aerial view of an open mine with large cranes and excavators working on the surface.
New Gold Inc. reported first-quarter consolidated production of 52,186 ounces of gold and 13.6 million pounds of copper at an all-in sustaining expense of $1,727 per gold ounce sold.
Q1 2025 gold production accounted for around 15% of the midpoint of annual consolidated production guidance of 325,000 to 365,000 ounces of gold, prompting New Gold Inc. to be slightly ahead of its planned Q1 of 14%.
New Gold Inc. is a Canada-based intermediate gold mining company that acquires, explores, and develops natural resources properties, including gold. It operates two core-producing assets in the country: the Rainy River gold mine and the New Afton copper-gold mine. New Gold Inc. also holds other Canadian-focused investments.
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This article is originally published at Insider Monkey.
