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Stock impact report

Is It Too Late To Consider New Gold (TSX:NGD) After Its Stunning Share Price Surge? [Yahoo! Finance]

New Gold Inc. (NGD) 
NASDAQ:AMEX Investor Relations: newgold.com/investors
Company Research Source: Yahoo! Finance
If you are wondering whether New Gold's share price still offers value after a strong run, you are not alone. This article focuses squarely on what the current price might mean for potential returns and risks. New Gold's shares last closed at $18.32, with returns of 9.8% over 7 days, 33.9% over 30 days, 55.5% year to date and 366.2% over 1 year. The 3 year and 5 year returns are very large. Recent price action has put the company back on many investors' watchlists, and the move has come alongside renewed attention on precious metals producers and their sensitivity to commodity sentiment. This backdrop helps frame the question of whether the current share price fairly reflects the risks and potential rewards embedded in New Gold's business. On our checks, New Gold scores a 3 out of 6 valuation score, which suggests the stock screens as undervalued on half of the measures we look at. Next we will walk through what different valuation approaches are saying today, before finishing Show less Read more
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