14-May-2024
APP, MGNX and CYCC among pre-market losers
Seeking Alpha News (Tue, 14-May 8:25 AM ET)
New Gold Inc Bolsters Stake in New Afton Mine
TipRanks (Mon, 13-May 4:37 PM ET)
New Gold boosts stake in New Afton mine; launches $150M bought deal financing
Seeking Alpha News (Mon, 13-May 4:35 PM ET)
New Gold files for mixed shelf offering
Seeking Alpha News (Mon, 13-May 4:17 PM ET)
Globe Newswire (Mon, 13-May 4:14 PM ET)
Dually-Listed Junior Miner Finds Mid-Week Success
Yolowire (Wed, 1-May 4:09 PM ET)
NEW GOLD REPORTS FIRST QUARTER 2024 RESULTS
PRNewswire (Tue, 30-Apr 5:15 PM ET)
NEW GOLD PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2024 RESULTS AND CONFERENCE CALL
PRNewswire (Wed, 3-Apr 6:30 AM ET)
NEW GOLD APPOINTS RICHARD O'BRIEN TO THE BOARD OF DIRECTORS
PRNewswire (Mon, 25-Mar 5:00 PM 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 May 14, 2024, NGD stock price declined to $1.82 with 26,877,371 million shares trading.
NGD has a beta of 0.72, 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 $1.26 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 underperformed the market in the last year with a price return of +28.2% while the SPY ETF gained +28.8%. However, in the short term, NGD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +51.7% vs +6.2% return in SPY. But in the last 2 weeks, NGD shares have been beat by the market, returning -0.5% compared to an SPY return of +2.6%.
NGD support price is $1.79 and resistance is $1.93 (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.