Reported about 14 hours ago
New Gold Inc. (NGD), an intermediate gold mining company based in Canada, experienced remarkable stock performance, doubling its value over the last year with a 108.72% increase. According to Heartland Value Fund's Q1 2025 investor letter, NGD's strong growth was driven by its robust asset portfolio, including the Rainy River gold mine and New Afton copper/gold mines. Despite being less popular among hedge funds, NGD stands out as a solid investment in the mining sector, reflecting an overall positive trend in selected stocks.
Source: YAHOO