Ngd stock price forecast hedging positions in gold futures by

Hedging positions in gold futures by NGD have been reduced, leaving the company more exposed to market upside. This strategic shift aligns with a more optimistic NGD stock price forecast. READ ALSO: 10 Cheap Internet Stocks to Buy According to Hedge Funds and 12 Best Virtual Reality Stocks to Buy According to Analysts . Looking at the earnings estimate revisions for New Gold, the Zacks Consensus Estimate for the current year has increased 3.4% over the past month to $0.38. NGD stock price forecast models from several brokerages now factor in higher recovery rates at Rainy River, slightly lifting 2024 revenue estimates and strengthening the company’s valuation metrics.