NGD
New Gold Inc. Basic Materials - Gold Investor Relations →
New Gold Inc. (NGD) closed at $10.57 as of 2026-02-02, trading 295.6% above its 200-week moving average of $2.67. The stock moved further from the line this week, up from 281.6% last week. The 14-week RSI sits at 62, indicating neutral momentum.
Over the past 1059 weeks of data, NGD has crossed below its 200-week moving average 17 times. On average, these episodes lasted 37 weeks. Historically, investors who bought NGD at the start of these episodes saw an average one-year return of +6.4%.
With a market cap of $8.4 billion, NGD is a mid-cap stock. The company generates a free cash flow yield of 0.7%. Return on equity stands at 22.3%, indicating strong profitability. The stock trades at 6.8x book value.
Share count has increased 16.1% over three years, indicating dilution. NGD passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 20.4 years, a hypothetical investment of $100 in NGD would have grown to $171, compared to $837 for the S&P 500. NGD has returned 2.7% annualized vs 11.0% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 16.8% compound annual rate, with 2 consecutive years of positive cash generation.
Growth of $100: NGD vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NGD Crosses Below the Line?
Across 17 historical episodes, buying NGD when it crossed below its 200-week moving average produced an average return of +6.1% after 12 months (median -9.0%), compared to +5.5% for the S&P 500 over the same periods. 41% of those episodes were profitable after one year. After 24 months, the average return was +50.1% vs +15.6% for the index.
Each line shows $100 invested at the moment NGD crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NGD has crossed below its 200-week MA 17 times with an average 1-year return of +6.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2007 | Oct 2007 | 20 | 29.9% | +8.8% | +55.2% |
| Nov 2007 | Feb 2008 | 15 | 27.7% | -83.2% | +57.3% |
| Jul 2008 | Apr 2010 | 91 | 87.0% | -55.8% | +63.9% |
| May 2010 | May 2010 | 1 | 0.6% | +77.5% | +99.4% |
| Jul 2010 | Aug 2010 | 4 | 6.9% | +104.2% | +102.9% |
| Apr 2013 | Aug 2016 | 173 | 71.9% | -36.1% | +36.4% |
| Aug 2016 | Oct 2020 | 215 | 80.2% | -30.2% | +111.4% |
| Feb 2021 | Mar 2021 | 3 | 12.8% | +31.8% | +600.0% |
| Mar 2021 | Apr 2021 | 2 | 3.9% | +13.4% | +544.5% |
| Apr 2021 | May 2021 | 1 | 0.6% | -12.0% | +536.7% |
| Jul 2021 | Jul 2021 | 1 | 2.9% | -52.9% | +590.8% |
| Aug 2021 | Nov 2021 | 12 | 30.0% | -32.2% | +773.6% |
| Nov 2021 | Dec 2021 | 3 | 2.8% | -8.9% | +683.0% |
| May 2022 | May 2022 | 1 | 3.5% | +12.7% | +738.9% |
| Jun 2022 | May 2023 | 46 | 49.4% | -7.5% | +780.8% |
| May 2023 | Nov 2023 | 28 | 31.8% | +62.3% | +713.1% |
| Jan 2024 | Mar 2024 | 7 | 17.1% | +116.5% | +732.3% |
| Average | 37 | — | +6.4% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02