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New Gold Inc. (NGD.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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1.6900-0.0600 (-3.43%)
At close: 4:00PM EDT
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  • S
    Stumblefoot
    News out after the market closed today on Q3 Operational Results. Key comments from the CEO:

    1) Rainy River (RR) gold grade +10% vs. 1H.
    2) East Lobe's contribution to RR Q4 production is expected to be lower, so production should be higher.
    3) Company remains on track to deliver on our updated guidance provided in September.
    4) Corp liquidity improved for a third consecutive quarter.
  • C
    Carmine
    NGD Overview

    New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties.
    About the company

    REWARDS

    Trading at 85.6% below our estimate of its fair value

    Earnings are forecast to grow 31.6% per year

    RISK ANALYSIS

    No risks detected for NGD from our risk checks.
    See All Risk Checks
  • D
    Dikke
    Nice surprise!!! Yeah! 1.5x normal volume today so that is looking positive too.
  • U
    U2GT
    Much better day. Give it a year and this is back to at least US$2. Patience is a virtue with this one.
  • R
    RAJIB
    Any prediction for Tomorrow? I am planning to add 30K shares. I guess Friday is good day to add but should I wait more? Any suggestion would be appreciated.
  • N
    Natan
    Strong volume on triple moving average. If this closes near today’s intrasession high that would be a strong signal this is ready to test mid-$1.40s.
  • C
    Carmine
    Insider Buying. Something is up.
  • R
    RidgebackBoo
    Up nicely since $1.01 in May..........
  • R
    Rolf
    Price target was 3,80.......now it is 1,75?? That is not very positive.
  • S
    Stumblefoot
    While @rafal has been right on the overall trend, his call 11-days ago for a deeper retracement below $1 has been dead wrong. Since matching the $1.02 closing 52-week low of Aug 19 on an intraday basis on Sep 29, trading has been extremely positive at +20%. As noted before, I have continued to add to my position into this strength @ $1.02, $1.07, $1.13, and today @ $1.20. I may be totally wrong, which is why I size my trades accordingly and don't violate my thesis. The next goal is to take out the close of Sep 3 of $1.33 for further confidence in the strength of this recovery.
  • F
    Fred
    Nice...
  • p
    pepe m
    2$ years end? Its goin 2.10/2.20$ and we can dump there?
  • U
    U2GT
    I'll take five cents a day from here to end of year. In my dreams of course.
  • M
    Malik
    -Canaccord Genuity Adjusts NEW GOLD Price Target to CA$2 From CA$2.75, Maintains Buy Rating
  • o
    outback29
    Gold is flat but Copper looks good.
  • C
    Colin
    So up 10% tmrw morning or down 10%? lol
  • T
    TROY
    After that awful jobs report gold shoots to 1782.00 only to fall just as fast back to 1758.00. MANIPULATION AT ITS BEST!
  • d
    david
    If you are a value buyer this is a great spot. small cap gold stocks are cheaper relative to other small caps than anytime except for a few days in late 2018 just prior to the last 'taper'. They are also cheaper to gold since the collapse in march 2020. Dollar is rallying hard into quarter end, often a turning point. The best part of NGD is that the president just bought 200K shares 15% higher than where we are now. While this tells you nothing of the macro it surely tells you the micro is fine.
  • Z
    Zonker
    During the next five years I'm wondering what will happen first: the collapse of the dollar, or the Chinese takeover of Taiwan? Both seem assured.
  • C
    Clem
    226,000 oz's of silver! 👍