NGD Should I Buy
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New Gold Inc (NGD) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, positive analyst ratings, and favorable options sentiment outweigh the lack of recent news or significant trading trends. The stock's pre-market price increase and potential for growth in the next month further support this decision.
The MACD is negative and expanding (-0.148), suggesting bearish momentum. The RSI is neutral at 40.737, and moving averages are converging, indicating indecision. Key support and resistance levels are at S1: 9.68 and R1: 11.399, with the current pre-market price of 10.51 near the pivot level of 10.54.
Strong financial performance in Q3 2025, with revenue up 83.53% YoY, net income up 275.46% YoY, and EPS up 260% YoY.
Positive analyst ratings with increased price targets from Scotiabank ($12.
and Canaccord (C$18).
Stock has a 90% chance of increasing by 6.64% in the next month.
No recent news or significant trading trends from hedge funds or insiders.
Technical indicators show bearish momentum with no clear buy signal.
In Q3 2025, New Gold Inc reported revenue of $462.5M (up 83.53% YoY), net income of $142.3M (up 275.46% YoY), EPS of $0.18 (up 260% YoY), and gross margin of 77.25% (up 24.56% YoY).
Analysts are positive on the stock. Scotiabank raised the price target to $12.75 from $10.50 with an Outperform rating, citing increased gold and silver forecasts. Canaccord raised the price target to C$18 from C$15 with a Buy rating.
