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Why New Gold Bulls Have Gone Extinct

Annie Gilroy
Why New Gold Bulls Have Gone Extinct

New Gold (NGD) stock has had one of the poorest showings YTD (year-to-date). As of September 24, it has fallen 75%, significantly underperforming its peers (GDXJ) (NUGT) Eldorado Gold (EGO), Iamgold (IAG), Alamos Gold (AGI), and Randgold Resources (GOLD), which have fallen 38.4%, 33.4%, 28.1%, and 31.1%, respectively.