(NGD) New Gold - Ratings and Ratios

New Gold Inc., an intermediate gold mining company, specializes in the exploration, development, and operation of mineral properties, primarily in Canada. The companys portfolio includes both operating mines and development projects, focusing on gold, silver, and copper deposits. Its principal assets are the Rainy River mine in Northwestern Ontario and the New Afton project in British Columbia. New Gold employs sustainable mining practices and aims for long-term growth through strategic acquisitions and operational efficiency. Headquartered in Toronto, Canada, the company is well-positioned as an intermediate miner, offering a balance between stability and growth potential.

Category: Ticker Symbol - NGD, Exchange - NYSE MKT, Type - common stock, Country Origin - Canada, GICS Sub Industry - Gold.

Technical Data: Average Volume 20d - 24,695,299, Last Price - $3.37, SMA 20 - $3.46, SMA 50 - $3.21, SMA 200 - $2.82, ATR - $0.21.

Fundamental Data: Market Cap - $2,748.69M USD, P/E - 24.21, P/E Forward - 8.39, P/B - 2.55, P/S - 2.97, RoE - 9.77%.

3-Month Forecast: - Technical Outlook: - The stock is currently trading near its SMA 20 ($3.46) resistance level, with support at SMA 200 ($2.82). The recent price action suggests potential for a breakout, targeting the SMA 50 ($3.21) as the next resistance level. The ATR of $0.21 indicates low volatility, suggesting stable price movements. - Fundamental Outlook: - The forward P/E of 8.39 indicates market expectations for significant earnings growth, despite the current high P/E of 24.21. The P/B ratio of 2.55 reflects a moderate valuation relative to book value. - Overall Outlook: - The stock is expected to trade sideways in the near term, with potential upside if resistance at SMA 20 is breached. Investors should monitor earnings reports and operational updates for further guidance.