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 has shown strong financial growth in the latest quarter, analysts have raised price targets with positive ratings, and technical indicators are bullish. Despite the minor pre-market dip, the long-term outlook remains favorable.
The technical indicators are bullish. The MACD histogram is positive and expanding, the RSI is neutral at 77.922, and the moving averages are aligned bullishly (SMA_5 > SMA_20 > SMA_200). The current price is above the pivot level of 11.677, with resistance levels at 12.815 and 13.518. This indicates a strong upward trend.
Strong financial performance in Q3 2025 with significant YoY growth in revenue (+83.53%), net income (+275.46%), and EPS (+260.00%).
Analysts have raised price targets recently, citing increased gold and silver forecasts due to economic and geopolitical uncertainty.
Bullish technical indicators and positive sentiment in the options market.
Minor pre-market price dip (-0.61%) and a potential short-term downside based on candlestick pattern analysis (-2.91% chance next day).
No recent news or significant insider/hedge fund activity.
In Q3 2025, New Gold Inc reported revenue of $462.5M (+83.53% YoY), net income of $142.3M (+275.46% YoY), EPS of $0.18 (+260.00% YoY), and a gross margin of 77.25% (+24.56% YoY). This indicates strong operational and financial growth.
Analysts have raised price targets recently. Scotiabank increased its target to $12.75 from $10.50 and maintained an Outperform rating, while Canaccord raised its target to C$18 from C$15 with a Buy rating. Analysts are optimistic due to increased gold and silver forecasts and central bank buying.
