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Bullish Case: New leadership brings decades of experience and strategic vision to New Gold (NGD), setting up for potential operational and financial improvements amidst a background of growing global gold and copper interest.


Bearish Case: Historical operational challenges and a long-term downtrend portray a cautious narrative. The industry's move towards newer commodities like natural hydrogen may overshadow traditional mining stocks like NGD.


Potential Outcomes: A 40% chance of stock rise if O'Brien influences positive changes by Q4. A 30% chance of flat trading on sustained market skepticism. A 30% drop probability if copper and gold interests shift towards new energies dramatically.


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March 30, 2024


New Gold Forecast

NGD        New Gold
Price Forecast: BULLISH    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with NGD



UGL Forecast + Options Trading Strategies   [UGL]  ProShares Ultra Gold (0.92)


EGO Forecast + Options Trading Strategies   [EGO]  Eldorado Gold (0.91)


GLD Forecast + Options Trading Strategies   [GLD]  SPDR Gold Shares (0.9)


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


IBRX Forecast + Options Trading Strategies   [IBRX]  ImmunityBio (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to NGD



SKLZ Forecast + Options Trading Strategies   [SKLZ]  Skillz (0.0)


BEP Forecast + Options Trading Strategies   [BEP]  Brookfield Renewable (-0.0)


EVRG Forecast + Options Trading Strategies   [EVRG]  Evergy (-0.0)


CHGG Forecast + Options Trading Strategies   [CHGG]  Chegg (-0.0)


TOST Forecast + Options Trading Strategies   [TOST]  Toast (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NGD



IGT Forecast + Options Trading Strategies   [IGT]  International Game Technology (-0.68)


AEHR Forecast + Options Trading Strategies   [AEHR]  Aehr Test Systems (-0.71)


CELH Forecast + Options Trading Strategies   [CELH]  Celsius (-0.72)


EXTR Forecast + Options Trading Strategies   [EXTR]  Extreme Networks (-0.74)


JDST Forecast + Options Trading Strategies   [JDST]  Direxion Daily Junior Gold Miners Index Be (-0.86)


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.






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