Bullish Case: Solid Q3 results, accelerated production, and financial improvements present attractive revenue projections and potential stock outperformance.


Bearish Case: Operational risks, historical underperformance, and negative sentiment could suppress stock despite recent financial gains.


Potential Outcomes:

1. Cost control success (30% chance), boosts profitability.

2. C-Zone contributions lift revenue (40% chance).

3. Geopolitical risks, or market downturns could dampen outlook (30% chance).


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February 06, 2024


New Gold Forecast

[NGD]  New Gold
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)



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NGD Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with NGD



GLD Forecast + Options Trading Strategies   [GLD]  SPDR Gold Shares (0.87)


HMY Forecast + Options Trading Strategies   [HMY]  Harmony Gold Mining (0.86)


WPM Forecast + Options Trading Strategies   [WPM]  Wheaton Precious Metals (0.82)


WM Forecast + Options Trading Strategies   [WM]  Waste Management (0.79)


WING Forecast + Options Trading Strategies   [WING]  Wingstop (0.77)



Uncorrelated Stock Forecasts

Assets with little price relationship to NGD



FTNT Forecast + Options Trading Strategies   [FTNT]  Fortinet (0.0)


FSLY Forecast + Options Trading Strategies   [FSLY]  Fastly (-0.0)


RUN Forecast + Options Trading Strategies   [RUN]  Sunrun (-0.0)


CIEN Forecast + Options Trading Strategies   [CIEN]  CIENA (0.0)


GRPN Forecast + Options Trading Strategies   [GRPN]  Groupon (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NGD



PTEN Forecast + Options Trading Strategies   [PTEN]  Patterson-UTI Energy (-0.63)


SMTC Forecast + Options Trading Strategies   [SMTC]  Semtech (-0.65)


MDRX Forecast + Options Trading Strategies   [MDRX]  Allscripts Healthcare (-0.66)


NBR Forecast + Options Trading Strategies   [NBR]  Nabors Industries (-0.69)


JDST Forecast + Options Trading Strategies   [JDST]  Direxion Daily Junior Gold Miners Index Be (-0.81)


NGD News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent NGD News






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