Taking this into account, BofA Securities upgraded its New Gold Inc [NGD] rating to a Buy from a an Underperform in a research note published on March 26, 2025; the price target was increased to $3.90 from $2.60. TD Securities also remained covering NGD and has increased its forecast on May 21, 2024 with a “Hold” recommendation from previously “Sell” rating. Scotiabank revised its rating on May 21, 2024. It rated NGD as “a Sector outperform” which previously was an “a Sector perform”.
Price Performance Review of NGD
On Tuesday, New Gold Inc [AMEX:NGD] saw its stock fall -1.62% to $3.65. Over the last five days, the stock has gained 8.31%. New Gold Inc shares have risen nearly 47.18% since the year began. Nevertheless, the stocks have risen 114.71% over the past one year. While a 52-week high of $3.78 was reached on 03/28/25, a 52-week low of $1.66 was recorded on 01/02/25. SMA at 50 days reached $3.04, while 200 days put it at $2.69.
Levels Of Support And Resistance For NGD Stock
The 24-hour chart illustrates a support level at 3.52, which if violated will result in even more drops to 3.40. On the upside, there is a resistance level at 3.71. A further resistance level may holdings at 3.78. The Relative Strength Index (RSI) on the 14-day chart is 68.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.12%. Stochastics %K at 84.40% indicates the stock is a selling.
How much short interest is there in New Gold Inc?
A steep rise in short interest was recorded in New Gold Inc stocks on 2025-03-14, growing by 1.08 million shares to a total of 12.18 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 11.1 million shares. There was a rise of 8.88%, which implies that there is a positive sentiment for the stock.
