Why New Gold Stock Slumped This Week
Source: Motley Fool
2026-03-06 19:41:48 ET
New Gold 's (NYSEMKT: NGD) stock was hardly golden on the market this week. As one of the many pure-play precious metals mining companies on the scene, its equity took a hit as the prices of such goods declined over the past few days. Ultimately, its shares fell by 17% over the week, according to data compiled by S&P Global Market Intelligence .
Precious metals had been on a tear for months, culminating in an all-time high spot price for gold of almost $5,600 per ounce in late January.
Image source: Getty Images.
New Gold Inc.
NASDAQ: NGD
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