GURU.Markets stock price, segment price, and overall market index valuation
The company's share price New Gold Inc.
New Gold is a mid-sized Canadian gold mining company. Its share price follows the price of gold, but is also heavily dependent on operational performance and challenges at its key mines, creating additional volatility compared to larger producers.
Share prices of companies in the market segment - Metal drag
New Gold is a Canadian gold mining company. We classify it as a Metal Drag company. The chart below reflects the overall performance of the gold mining segment, which follows global gold prices, not just NGD shares.
Broad Market Index - GURU.Markets
New Gold is a mid-sized Canadian gold mining company with mines in Canada and Mexico. A prominent gold producer, it is included in our GURU.Markets index. The chart below reflects the overall stock market performance. Compare it to New Gold shares to understand how precious metal prices impact producers.
Change in the price of a company, segment, and market as a whole per day
NGD - Daily change in the company's share price New Gold Inc.
The volatility of New Gold (NGD), a gold mining company, is reflected in Change_Co, which is sensitive to gold prices, operating risks, and capital expenditures. Change_Co is a measure of exposure to the commodity market. In System.GURU.Markets formulas, it is important for assessing the dynamics of the precious metals sector.
Daily change in the price of a set of shares in a market segment - Metal drag
New Gold Inc. is a gold producer. This chart reflects the high volatility of the precious metals sector. Comparing it to NGD's performance, which is highly correlated with the price of gold, helps to evaluate it as a direct bet on this metal, but with operational risks in Canada taken into account.
Daily change in the price of a broad market stock, index - GURU.Markets
New Gold is a Canadian gold mining company. Gold is often seen as a safe haven during periods of market volatility. The chart below shows overall market volatility, which can cause gold mining stocks to move counter-clockwise, responding to demand for safe havens.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization New Gold Inc.
New Gold is a Canadian gold mining company. The company's stock performance is closely linked to the price of gold, serving as a key indicator for investors seeking protection from inflation and reflecting the risks associated with mining operations in various countries.
Annual dynamics of market capitalization of the market segment - Metal drag
New Gold Inc. is a Canadian mid-cap gold mining company. Its performance depends not only on gold prices but also on its ability to effectively manage costs and operational risks at its mines. The chart below shows how it compares to gold mining giants.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
New Gold, like other gold mining companies, is a leveraged bet on the price of gold. Its stock price often diverges from the market, as gold is considered a safe haven. The company's price action reflects investors' risk appetite: it falls when markets are optimistic and rises during times of fear and uncertainty.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization New Gold Inc.
New Gold, a mid-sized Canadian gold miner, moves in sync with the precious metals market. Its monthly chart fluctuations reflect not only global gold prices but also the operating results of its key mines, such as production volumes and costs.
Monthly dynamics of market capitalization of the market segment - Metal drag
This chart shows the dynamics of the gold mining sector. For New Gold, one producer, its movements almost exactly mirror the gold price. Successful project execution and cost control are key to its outperformance.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
New Gold Inc. is a mid-cap gold producer with assets in Canada. Like other gold miners, its fortunes are directly tied to the price of gold. A broad market risk appetite chart shows how New Gold shares can move counter to overall sentiment, particularly during periods when investors sought safe haven in precious metals.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization New Gold Inc.
New Gold Inc. is a gold mining company whose weekly stock price movements almost exactly mirror those of gold. Global economic uncertainty, inflation, and central bank decisions are key drivers of its stock price. The chart clearly illustrates the company's connection to the precious metals market.
Weekly dynamics of market capitalization of the market segment - Metal drag
New Gold, like the entire gold mining sector, exhibits weekly dynamics closely tied to the gold price. Geopolitical tensions and inflation data impact the entire sector. The chart shows how the company's shares track the overall gold trend.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
New Gold Inc., like other gold mining companies, can act as a safe haven. The chart will help determine whether this strategy is working: do the company's shares move against the broader market during periods of uncertainty, or do operational risks and costs outweigh its safe haven status?
Market capitalization of the company, segment and market as a whole
NGD - Market capitalization of the company New Gold Inc.
New Gold Inc.'s market capitalization mirrors both global gold prices and the operational successes and challenges of individual mines. The chart shows how investors weigh the attractiveness of gold as an asset against the risks associated with mining in Canada and Mexico.
NGD - Share of the company's market capitalization New Gold Inc. within the market segment - Metal drag
New Gold Inc. is a mid-sized gold mining company with assets in Canada. Its share of the sector's market capitalization reflects its production performance and operating costs. The chart below illustrates how successful mine development and gold price dynamics enable it to compete and maintain its position among larger producers.
Market capitalization of the market segment - Metal drag
New Gold is a mid-cap gold producer with assets in Canada. How does it compare to the giants? The chart below shows the overall market capitalization of the precious metals sector. Its dynamics map the gold mining world, where the company is a prominent, but not the largest, player.
Market capitalization of all companies included in a broad market index - GURU.Markets
The New Gold chart depicts the classic story of a mid-sized gold miner. Its market capitalization is a combination of the gold price, operational success at its Canadian mines, and the risks associated with developing new projects. It's a visual representation of how the company balances current production and future growth.
Book value capitalization of the company, segment and market as a whole
NGD - Book value capitalization of the company New Gold Inc.
New Gold Inc.'s material base consists of its tangible assets: gold mines, processing plants, and proven precious metal reserves. Book value directly reflects the value of this capital. The chart below shows how the valuation of these physical assets has changed.
NGD - Share of the company's book capitalization New Gold Inc. within the market segment - Metal drag
New Gold Inc. is a company whose assets can be measured in ounces. It owns and operates large gold and copper mines in Canada. Quarries, mines, and processing plants constitute its core tangible assets. The chart clearly demonstrates the share of the actual mining infrastructure in its segment the company controls.
Market segment balance sheet capitalization - Metal drag
New Gold is a gold mining company whose business requires massive investment in mines and equipment. It is, by definition, a capital-intensive industry. The chart below shows the total book value of the entire mining sector, serving as a backdrop for valuing New Gold's assets.
Book value of all companies included in the broad market index - GURU.Markets
New Gold Inc. is engaged in gold and copper mining. The company's assets include its mines, equipment, and proven reserves. A stake in BCap_All represents the company's physical weight in the global mining industry, measured in tons of recoverable metals, which are the basis for both its finances and industry.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - New Gold Inc.
New Gold is a gold miner, and its balance sheet consists of its mines. Market valuation is a bet on the price of gold. The P/B chart for such companies is highly volatile, demonstrating how commodity market expectations can either inflate or compress the valuation of very real and tangible assets.
Market to book capitalization ratio in a market segment - Metal drag
New Gold is a Canadian gold mining company. Its valuation is directly linked to the value of its mines and reserves. This metric compares market capitalization to the book value of these assets, reflecting investor expectations regarding future gold prices and the company's operating performance.
Market to book capitalization ratio for the market as a whole
New Gold is a mid-sized Canadian gold miner with assets in Canada. This chart reflects the average market valuation of the business. Its valuation is dependent on gold and copper prices, as well as the company's ability to effectively manage its operating costs and successfully implement development projects.
Debts of the company, segment and market as a whole
NGD - Company debts New Gold Inc.
New Gold Inc., a gold mining company, manages its debt to finance operations and development projects. Borrowings allow the company to maintain current production, conduct exploration, and invest in extending the life of its key mines, balancing production goals with gold market price conditions.
Market segment debts - Metal drag
New Gold is a mid-sized Canadian gold mining company. Like any mining industry, its operations require significant capital expenditures for exploration, construction, and mine maintenance. Its debt levels often reflect the company's investment cycle. This chart helps understand whether the company is investing in growth or focusing on cash flow generation.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio New Gold Inc.
New Gold is a Canadian gold mining company. Its financial health is directly dependent on the price of gold and operating costs of production. This chart shows how the company manages its debt, which is typically used to develop new deposits or modernize existing mines. This is a key indicator of its financial stability in a cyclical industry.
Market segment debt to market segment book capitalization - Metal drag
New Gold Inc. is a mid-sized Canadian gold mining company. This chart reflects the overall leverage in the precious metals mining sector. It provides an overview of how the industry as a whole manages its leverage in the face of gold price volatility, and how New Gold balances operating expenses with future investments.
Debt to book value of all companies in the market
New Gold, a gold mining company, could benefit from economic uncertainty. This chart shows the overall level of debt in the market. As leverage and risks in the system increase, this could increase gold's appeal as a safe haven asset, which is an important macroeconomic backdrop for New Gold.
P/E of the company, segment and market as a whole
P/E - New Gold Inc.
New Gold is a mid-sized Canadian gold mining company with assets in North America. This chart shows how the market assesses its ability to generate profits at current gold prices. The company's valuation is based on its operating costs, exploration success, and the overall dynamics of the precious metals market.
P/E of the market segment - Metal drag
Gold mining is a cyclical business, and New Gold operates in it. This chart reflects the average profitability estimate for gold mining companies. It serves as a benchmark to help investors assess how New Gold's operating costs and asset quality align with market expectations compared to other gold producers.
P/E of the market as a whole
New Gold Inc. is a Canadian gold mining company. Like other gold producers, its shares are often considered a safe haven. During periods when this chart, which reflects general sentiment, shows declines and fears, investors shift capital into gold, leading to an increase in its price. This directly improves New Gold's financial performance and valuation.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company New Gold Inc.
New Gold is a mid-sized Canadian gold mining company. Like other companies in the industry, its future profits are directly linked to global gold prices and the operating efficiency of its mines. This chart shows analysts' revenue forecasts for the company based on their precious metals market expectations and production plans.
Future (projected) P/E of the market segment - Metal drag
New Gold is a Canadian gold mining company with mid-sized production and assets in Canada and Mexico. This chart compares its future profitability expectations with those of the precious metals mining sector. It helps understand how the market views its operational stability, exploration potential, and ability to manage costs compared to other gold producers.
Future (projected) P/E of the market as a whole
New Gold is a mid-sized gold mining company with assets in Canada. This chart measures investor risk appetite. For New Gold, as for other gold producers, declining optimism and increasing uncertainty in the broader market can be a positive factor, as investors begin to seek protection in precious metals, pushing up prices for their products.
Profit of the company, segment and market as a whole
Company profit New Gold Inc.
New Gold is a mid-sized Canadian gold mining company with assets in Canada. The financial results shown in this chart are directly dependent on global gold prices and the operating efficiency of its mines. These dynamics reflect the company's ability to control costs and successfully mine in challenging geological conditions.
Profit of companies in the market segment - Metal drag
New Gold is a mid-sized Canadian gold mining company with assets in Canada and Mexico. The company is focused on responsible mine development and operational efficiency. This chart illustrates the overall profitability of the gold mining industry, which fluctuates depending on global gold prices and overall investor sentiment.
Overall market profit
New Gold is a mid-sized gold mining company. Its financial performance is primarily dependent on the gold price and operational efficiency at its mines. Like other gold producers, New Gold can benefit from economic uncertainty. A decline in corporate profits on this chart could increase gold's appeal as a safe haven asset.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company New Gold Inc.
New Gold is a mid-sized Canadian gold mining company. Like other companies in the industry, its financial results are dependent on precious metal prices and operating efficiency. This chart represents the Wall Street consensus forecast, combining analysts' views on the gold market and the company's operating performance.
Future (predicted) profit of companies in the market segment - Metal drag
New Gold Inc. is a mid-sized gold mining company with operating assets in Canada. This chart reflects profitability forecasts for the precious metals sector, based on the gold price. New Gold's performance is determined by its ability to optimize production at its key mines and effectively manage operating costs to maximize profits.
Future (predicted) profit of the market as a whole
New Gold is a mid-sized gold mining company. Its financial results are primarily dependent on global gold prices. The total corporate profit forecast presented here may be inversely related to its performance. Weaker economic expectations and falling profits often increase gold's appeal as a safe haven, pushing prices higher.
P/S of the company, segment and market as a whole
P/S - New Gold Inc.
New Gold is a mid-sized gold mining company with assets in Canada. Its market capitalization-to-revenue ratio, shown in this chart, is closely linked to gold prices and the operating efficiency of its mines. It demonstrates how investors view its production performance and geological prospects.
P/S market segment - Metal drag
New Gold is a mid-sized Canadian gold mining company with assets in North America. Its revenue is driven by production volumes and global gold and copper prices. This chart shows the average valuation in the gold mining industry, allowing for a comparison of how the market views New Gold's operating efficiency and growth potential compared to other producers.
P/S of the market as a whole
New Gold is a mid-sized Canadian gold mining company with assets in North America. Like all gold miners, its financial results are closely tied to gold prices and operating costs. This average market valuation indicator helps understand how investors value the company based on their expectations for inflation and global economic stability.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company New Gold Inc.
New Gold Inc. is a mid-sized gold mining company with assets in Canada. This chart shows how investors view the company's future earnings. It is directly influenced by the operational metrics of its mines, such as production volume and costs, as well as by global gold prices, a key factor for the entire industry.
Future (projected) P/S of the market segment - Metal drag
New Gold is a mid-sized gold mining company with assets in Canada. This chart compares the company's future revenue expectations with its sector. It reflects not only gold price forecasts but also the market's assessment of New Gold's operating efficiency and its ability to optimize production at its key mines.
Future (projected) P/S of the market as a whole
New Gold is a Canadian mid-cap gold mining company with assets in Canada and Mexico. While this chart reflects general economic expectations, New Gold's performance, like that of other gold miners, is often driven by the gold price. Its revenue can grow during periods of uncertainty, when investors seek protection from market risks.
Sales of the company, segment and market as a whole
Company sales New Gold Inc.
New Gold is a mid-sized mining company focused on gold and copper production. Revenue, shown in this chart, is directly dependent on the volume of products sold at its mines and current global prices for these metals. The dynamics reflect its operational efficiency and market conditions.
Sales of companies in the market segment - Metal drag
New Gold is a mid-sized gold mining company with assets in Canada. Their financial performance is driven by production volumes, costs, and, of course, the gold price. This chart illustrates the overall picture in the precious metals mining sector, where operational stability and cost control, like New Gold's, are key to profitability.
Overall market sales
New Gold Inc., as a gold mining company, often exhibits dynamics that are inverse to the overall economic situation. When aggregate revenue growth, as shown in the chart, slows and market uncertainty increases, investors seek safe havens. This increases demand for gold as a safe haven asset, which positively impacts New Gold's financial results.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company New Gold Inc.
New Gold is a mid-sized gold mining company with assets in Canada. Its revenue forecast is determined by expected production volumes at its key mines and analyst forecasts for global gold and copper prices. The chart summarizes the market's view of the company's operational stability and its ability to manage costs in light of market conditions.
Future (projected) sales of companies in the market segment - Metal drag
New Gold is a mid-sized gold mining company with assets in Canada. Its financial performance depends on gold and copper prices, as well as the successful development of new deposits. This chart shows forecasts for the entire precious metals industry, allowing you to compare New Gold's operating performance and prospects with overall industry trends.
Future (projected) sales of the market as a whole
For gold mining company New Gold, this chart is important as an indicator of the overall state of the economy, which impacts demand for precious metals. Stable economic growth, reflected here, supports demand from the jewelry and technology industries, while economic uncertainty can stimulate investment demand for gold.
Marginality of the company, segment and market as a whole
Company marginality New Gold Inc.
New Gold is a mid-sized gold mining company with assets in Canada. Its profitability is directly dependent on two key factors: the global gold price and operating costs at specific mines. This chart shows how effectively New Gold manages its mining and processing operations to convert gold sales revenue into net profit for shareholders.
Market segment marginality - Metal drag
New Gold is a mid-sized Canadian gold mining company with operating assets in Canada. This chart demonstrates the profitability of its mining operations compared to other gold producers. The company's profitability is directly related to the cost of production at its mines, the geological characteristics of its deposits, and the dynamics of global precious metal prices.
Market marginality as a whole
New Gold is a Canadian gold mining company operating several mines. While this chart reflects the profitability of various economic sectors, New Gold's business follows precious metal prices. Their profitability is the result of the balance between the market price of gold and the operating costs of its production.
Employees in the company, segment and market as a whole
Number of employees in the company New Gold Inc.
New Gold is a mid-sized Canadian gold mining company. This chart shows the headcount at its operating mines. Changes in this metric may be due to a transition from open-pit to underground mining, changes to production plans, or exploration work to extend the life of the assets.
Share of the company's employees New Gold Inc. within the market segment - Metal drag
New Gold is a mid-sized gold mining company with assets in Canada and Mexico. Its operations rely heavily on the skills of its engineers, geologists, and workers. This chart shows New Gold's share of the total precious metals mining workforce, allowing one to gauge its scale relative to industry giants.
Number of employees in the market segment - Metal drag
New Gold is a mid-sized Canadian gold mining company. This chart shows the size of its team working at its Canadian mines. Headcount changes are directly related to operational performance, including production volumes, expansion projects, and the overall asset management strategy in a changing gold price environment.
Number of employees in the market as a whole
New Gold Inc. is a mid-cap gold mining company with assets in Canada. Its operations, like those of other gold miners, are dependent on metal prices and operating efficiency. This chart shows general trends, while New Gold illustrates the dynamics of the capital-intensive mining industry, where planning is done years in advance.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company New Gold Inc. (NGD)
New Gold is a mid-sized gold mining company. Its value is determined by its precious metal reserves and mine efficiency. The relatively low figure on this chart is typical of the labor-intensive mining industry, which requires a significant workforce to extract value from the earth's crust.
Market capitalization per employee (in thousands of dollars) in the market segment - Metal drag
New Gold Inc. is a mid-tier Canadian gold miner with assets in Canada. This chart reflects the average capitalization per employee in the sector. Like other miners, it helps assess how efficient their mines and operating teams are in extracting gold and generating value per employee.
Market capitalization per employee (in thousands of dollars) for the overall market
New Gold is a mid-sized gold mining company with assets in Canada. Its business is capital-intensive and cyclical. This chart allows investors to assess how the value of its proven gold reserves and operational efficiency at its mines compare to the number of employees engaged in the complex and dangerous process of gold extraction.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company New Gold Inc. (NGD)
New Gold is a mid-tier gold mining company. As with all miners, this metric depends on gold and copper prices. But it also reflects the management's operational acumen: how effectively the team manages its mines and controls mining and processing costs per employee working at the mines.
Profit per employee (in thousands of dollars) in the market segment - Metal drag
New Gold (NGD) is a mid-cap gold mining company. This chart shows the benchmark for "Metal Drag." In this sector, the benchmark is extremely volatile. Profit per worker is entirely dependent on the global gold price and the operating costs (AISC) to extract it from the ground.
Profit per employee (in thousands of dollars) for the market as a whole
New Gold (NGD) is a Canadian gold mining company operating mines in Canada (Rainy River, New Afton). Mining is a high-capital-cost industry. This chart helps understand how this sector, highly dependent on commodity prices and the demanding labor of miners, is profitable per employee compared to the national average.
Sales to employees of the company, segment and market as a whole
Sales per company employee New Gold Inc. (NGD)
New Gold is a mid-sized gold mining company. This chart shows the operating efficiency of its mines. It reflects the revenue generated by each employee, and its dynamics are directly dependent on production metrics, mining costs, and, of course, price volatility in the global gold market.
Sales per employee in the market segment - Metal drag
New Gold Inc. is a mid-sized Canadian gold mining company. As with any miner, cost control and labor productivity at its mines are the foundation of its business. This chart shows the average revenue per employee in the sector. It allows investors to compare New Gold's operating efficiency with that of other, potentially larger, gold mining companies.
Sales per employee for the market as a whole
New Gold Inc. is a mid-sized Canadian gold miner. Their business is operating mines and producing gold and copper. This chart reflects mine productivity. Its dynamics are a combination of gold prices, operating efficiency (mining costs), and the geological quality of their assets (metal content in the ore).
Short shares by company, segment and market as a whole
Shares shorted by company New Gold Inc. (NGD)
New Gold is a mid-sized Canadian gold miner with assets in Ontario and British Columbia. The company is focused on improving the efficiency of its mines. This chart shows the number of investors who are skeptical of its operating plans. They may be betting that the company will fail to address rising costs or that gold prices will fall short of expectations.
Shares shorted by market segment - Metal drag
New Gold is another gold miner struggling with operating costs and price volatility. This sector requires a huge amount of capital. This indicator reflects the overall sentiment in the precious metals mining industry. It rises when investors generally doubt gold prices will rise or expect rising costs to eat into profits for all players in the sector.
Shares shorted by the overall market
New Gold (NGD) is a gold miner. The Short_All chart below shows the market's fear. This pessimism is driving investors to buy gold (bars) as a safe haven. But for NGD, this is a double-edged sword: investors fear the company won't be able to cope with rising operating costs (fuel, labor) amid the general panic.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator New Gold Inc. (NGD)
New Gold is a gold mining company with assets in Canada. The stock is dependent on gold prices but carries operational risks. This chart shows NGD above 70, which may indicate a gold price peak. Oversold levels (<30) are often associated with falling gold prices or problems at specific mines.
RSI 14 Market Segment - Metal drag
New Gold (NGD) is a mid-cap gold mining company with assets in Canada. Their success depends on operational efficiency at their mines and gold prices. This chart measures collective sentiment in the Precious Metals sector. It shows when the entire industry is overheated by rising gold prices or oversold, giving investors context for evaluating NGD.
RSI 14 for the overall market
New Gold is a Canadian gold mining company. Mining is a capital-intensive business, but its product (gold) is a safe haven asset. This sentiment chart often has an inverse correlation with gold. The market turmoil it reflects can boost demand for precious metals, supporting the company's earnings as investors seek safe havens.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast NGD (New Gold Inc.)
New Gold Inc. is a Canadian mid-cap gold mining company. Its primary assets are the New Afton mine (Canada) and Rainy River mine (Canada), which also produces copper. This chart displays the average analyst estimate, showing their collective price target for NGD stock.
The difference between the consensus estimate and the actual stock price NGD (New Gold Inc.)
New Gold is a mid-tier gold producer with assets in Canada (Rainy River, New Afton). The company is focused on optimizing its mines and managing costs. This chart reflects analysts' views on the gold price and their ability to meet production targets. It shows the gap between the consensus estimate and the current price.
Analyst consensus forecast for stock prices by market segment - Metal drag
New Gold is a mid-tier gold mining company with assets in Canada. Its profitability is directly dependent on global gold prices and operating efficiency. This chart shows analysts' overall expectations for the entire precious metals sector. It reflects whether experts believe gold prices will continue to rise.
Analysts' consensus forecast for the overall market share price
New Gold (NGD) is a second-tier Canadian gold miner. Their business is the price of gold. This chart, reflecting expert expectations, influences gold. If the market is pessimistic (fear of a recession or inflation), investors flee to safe haven gold, which drives up the price of New Gold.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index New Gold Inc.
New Gold is a mid-sized gold miner with assets focused in Canada (Rainy River, New Afton). This makes them a politically safe bet on gold. This chart is a Canadian gold indicator. It aggregates the gold price, their operating efficiency at their mines, and their progress in reducing their mining costs (AISC).
AKIMA Market Segment Index - Metal drag
New Gold is a junior gold miner that (like Alamos/Agnico) focuses exclusively on a safe jurisdictionโCanada (New Afton and Rainy River mines). This comprehensive index evaluates companies. The chart shows the sector average. This benchmark: how does New Gold's safe (Canadian) model differentiate it from the average, globally diversified miner?
The AKIM Index for the overall market
New Gold is a mid-tier gold miner with assets in Canada. Gold is often viewed by investors as a safe haven during times of uncertainty. This chart, showing the market average, is important for context. It helps assess how NGD, whose business is linked to the price of gold, compares to the overall macroeconomic picture.