New Gold Inc. Welcomes Richard O’Brien to Board
TipRanks (Mon, 25-Mar 5:49 PM ET)
NEW GOLD APPOINTS RICHARD O'BRIEN TO THE BOARD OF DIRECTORS
PRNewswire (Mon, 25-Mar 5:00 PM ET)
NEW GOLD REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
PRNewswire (Tue, 13-Feb 5:15 PM ET)
PRNewswire (Thu, 8-Feb 6:30 AM ET)
NEW GOLD ACHIEVES TOP END OF CONSOLIDATED PRODUCTION GUIDANCE
PRNewswire (Tue, 9-Jan 6:30 AM ET)
New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver.
New Gold trades on the AMEX stock market under the symbol NGD.
As of March 28, 2024, NGD stock price climbed to $1.70 with 7,857,260 million shares trading.
NGD has a beta of 0.80, meaning it tends to be less sensitive to market movements. NGD has a correlation of 0.03 to the broad based SPY ETF.
NGD has a market cap of $1.17 billion. This is considered a Small Cap stock.
Last quarter New Gold reported $199 million in Revenue and -$.01 earnings per share. This beat revenue expectation by $8 million and missed earnings estimates by -$.03.
In the last 3 years, NGD stock traded as high as $2.23 and as low as $.61.
The top ETF exchange traded funds that NGD belongs to (by Net Assets): GDX, GDXJ, GOAU, DISV, DFIC.
NGD has outperformed the market in the last year with a return of +58.9%, while the SPY ETF gained +33.6%. In the last 3 month period, NGD beat the market returning +11.1%, while SPY returned +10.1%. However, in the most recent 2 weeks NGD has underperformed the stock market by returning +1.2%, while SPY returned +1.7%.
NGD support price is $1.61 and resistance is $1.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NGD stock will trade within this expected range on the day.