NGD Stock Summary and Trading Ideas (New Gold | AMEX:NGD)

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 May 9, 2024, NGD stock price climbed to $1.91 with 2,172,607 million shares trading.

NGD has a beta of 0.58, meaning it tends to be less sensitive to market movements. NGD has a correlation of 0.02 to the broad based SPY ETF.

NGD has a market cap of $1.32 billion. This is considered a Small Cap stock.

Last quarter New Gold reported $192 million in Revenue and $.02 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.02.

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, DFIC, DISV.

NGD has outperformed the market in the last year with a price return of +34.5% while the SPY ETF gained +27.2%. NGD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +54.0% and +11.0%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

NGD support price is $1.80 and resistance is $1.94 (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.