New Gold traded at 12.16 this Monday March 23rd, increasing 0.39 or 3.31 percent since the previous trading session. Looking back, over the last four weeks, New Gold gained 27.62 percent. Over the last 12 months, its price rose by 162.64 percent. Looking ahead, we forecast New Gold to be priced at 11.85 by the end of this quarter and at 10.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
New Gold Inc. is a Canada-based intermediate mining company that owns assets in Canada and Mexico. The Company’s projects and assets include Rainy River Mine, New Afton Mine, Blackwater Mine and Cerro San Pedro. The Rainy River Mine is a gold-silver mine located approximately 65 kilometers northwest of Fort Frances, Ontario, in the southern half of Richardson Township. The New Afton is a gold-copper mine in West of Kamloops, British Columbia, Canada, approximately 10 kilometers west of Kamloops, approximately 350 kilometers northeast of Vancouver. The Company holds an 8% gold stream on the Artemis Gold Blackwater project, located in British Columbia, Canada. The Cerro San Pedro Mine approximately 20 kilometers northwest of San Luis Potosi, Cerro San Pedro, Mexico.