New Gold Inc. (NYSE:NGD) is one of the stocks Jim Cramer reflected on. During the lightning round, a caller inquired about the stock, and Cramer replied:
“It’s okay. I mean, why not buy Agnico Eagle? That’s the one I really, really like. They’re doing so well. Let’s go with that, Agnico.”
Pixabay/Public Domain
New Gold (NYSE:NGD) is a mining company focused on the exploration, development, and operation of mineral properties, primarily producing gold, silver, and copper from its key assets in Ontario and British Columbia.
The company recently announced its Q2 earnings result date, which is set on July 28. During the last quarter earnings, New Gold’s (NYSE:NGD) President and CEO, Patrick Godin, noted a strong start to the year, highlighting the company’s full ownership of New Afton, successful refinancing of senior notes, and extension of its credit facility. Two updated Technical Reports were also released, which showed improved production outlooks and reduced costs. The CEO added:
“Operationally, we delivered our first quarter as planned, advancing several critical path objectives to set ourselves up to achieve our annual guidance. At New Afton, B3 grades were higher than expected as the cave nears exhaustion, which is now expected by the end of the second quarter of 2025. At Rainy River, our efforts to sequence waste stripping in the early months of the year have allowed us to remain on-track for a step-up in production starting in the second quarter, and to deliver an improved second half of the year. Additionally, underground development continues to advance, and I’m pleased to report the successful pit portal breakthrough occurred in early April, an important catalyst that enables the underground ramp-up to advance throughout the year.”
While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
