NGD
New Gold Inc. Basic Materials - Gold Investor Relations →
New Gold Inc. (NGD) closed at $9.08 as of 2026-03-20, trading 206.5% above its 200-week moving average of $2.96. The stock is currently moving closer to the line, down from 241.4% last week. The 14-week RSI sits at 52, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.07 ratio) is neutral — neither side is clearly dominating.
Over the past 1065 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 $7.2 billion, NGD is a mid-cap stock. The company generates a free cash flow yield of 0.8%. Return on equity stands at 22.3%, indicating strong profitability. The stock trades at 5.8x 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 20.5 years, a hypothetical investment of $100 in NGD would have grown to $147, compared to $788 for the S&P 500. NGD has returned 1.9% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 16.8% compound annual rate, with 2 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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% | +33.3% |
| Nov 2007 | Feb 2008 | 15 | 27.7% | -83.2% | +35.1% |
| Jul 2008 | Apr 2010 | 91 | 87.0% | -55.8% | +40.8% |
| May 2010 | May 2010 | 1 | 0.6% | +77.5% | +71.3% |
| Jul 2010 | Aug 2010 | 4 | 6.9% | +104.2% | +74.3% |
| Apr 2013 | Aug 2016 | 173 | 71.9% | -36.1% | +17.2% |
| Aug 2016 | Oct 2020 | 215 | 80.2% | -30.2% | +81.6% |
| Feb 2021 | Mar 2021 | 3 | 12.8% | +31.8% | +501.3% |
| Mar 2021 | Apr 2021 | 2 | 3.9% | +13.4% | +453.7% |
| Apr 2021 | May 2021 | 1 | 0.6% | -12.0% | +447.0% |
| Jul 2021 | Jul 2021 | 1 | 2.9% | -52.9% | +493.5% |
| Aug 2021 | Nov 2021 | 12 | 30.0% | -32.2% | +650.4% |
| Nov 2021 | Dec 2021 | 3 | 2.8% | -8.9% | +572.6% |
| May 2022 | May 2022 | 1 | 3.5% | +12.7% | +620.6% |
| Jun 2022 | May 2023 | 46 | 49.4% | -7.5% | +656.7% |
| May 2023 | Nov 2023 | 28 | 31.8% | +62.3% | +598.5% |
| Jan 2024 | Mar 2024 | 7 | 17.1% | +116.5% | +615.0% |
| Average | 37 | — | +6.4% | — |
Frequently Asked Questions
Is NGD below its 200-week moving average?
No. New Gold Inc. (NGD) is currently 206.5% above its 200-week moving average of $2.96. It would need to fall to $2.96 to cross below the line.
What is NGD's 200-week moving average price?
New Gold Inc.'s 200-week moving average is $2.96 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NGD drops below its 200-week moving average?
NGD has crossed below its 200-week moving average 17 times in our data. On average, buying at that moment produced a one-year return of +6.4%. These dips have historically been decent entry points. These episodes lasted 37 weeks on average.
Is NGD a good value right now?
Here's what our data says about NGD as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 52. Free cash flow yield is 0.8%. Return on equity is 22.3%. Price-to-book is 5.8x. This is not a buy or sell recommendation — always do your own research.
How does NGD compare to the S&P 500?
Over the past 20.5 years, $100 invested in NGD would have grown to $147, compared to $788 for the S&P 500. That's 1.9% annualized vs 10.6% for the index. NGD has underperformed the broader market over this period.
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 week of 2026-03-20