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Stock impact report

New Gold (TSX:NGD): Assessing Valuation After a Sharp Multi-Month Share Price Rally [Yahoo! Finance]

New Gold Inc. (NGD) 
NASDAQ:AMEX Investor Relations: newgold.com/investors
Company Research Source: Yahoo! Finance
See our latest analysis for New Gold. That surge sits on top of a powerful trend, with New Gold's year to date share price return above 200 percent and a multi year total shareholder return that suggests momentum is still firmly building as investors reassess its growth and risk profile. If New Gold's run has you thinking more broadly about commodity driven momentum, it could be a smart moment to scout fast growing stocks with high insider ownership for the next wave of potential standouts. Yet even after such a dramatic re rating, New Gold still trades below consensus price targets and on seemingly modest multiples for its growth. This raises the key question: is this a fresh buying opportunity, or is future upside already priced in? Against a last close of CA$12.61, the most widely followed narrative points to fair value closer to CA$15.12, framing New Gold as still discounted despite its surge. Consistent progress on cost reduction and operational efficiency initiatives, Show less Read more
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