If you are wondering whether New Gold’s share price still offers value after a strong run, or if the easy gains are behind it, this article focuses squarely on what the current price might be implying.
The stock last closed at C$14.12, with returns of 8.8% over 7 days, 24.8% over 30 days, 19.9% year to date and a very large gain over the past year and three years, plus a more than 4x gain over five years.
Recent coverage has highlighted New Gold’s sharp multi period share price moves and the attention that brings to gold producers when prices are volatile. There is also ongoing discussion of how sensitive miners can be to production and cost updates. Together, these themes help explain why investors are rechecking whether the current…
