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. “In 2025, we expect central banks to remain in the driving seat and gold ETF investors to join the fray, especially if we see lower, albeit volatile interest rates.” New Gold is a Canadian-focused intermediate mining company with two core producing assets in Canada: the New Afton copper-gold mine and the Rainy River gold mine. The company aims to be the most valued intermediate gold and copper producer through profitable and responsible mining practices. Short interest in NGD remains near multi-month lows, which traders view as a positive sentiment signal for the NGD stock price forecast. The trend reflects confidence in stable cash flows from its Canadian operations.