Here’s Why New Gold (NGD) Doubled in 2024
From Yahoo Finance: 2025-04-15 08:17:00
Heartland Advisors released its first quarter 2025 investor letter for the Heartland Value Fund, which outperformed the Russell 2000 Value Index. Stock selection in sectors like Energy, Financials, and Technology contributed to the fund’s performance. Check the fund’s top 5 holdings for potential picks in 2025.
Heartland Value Fund highlighted New Gold Inc. (NYSEMKT:NGD) in its Q1 2025 investor letter. The Toronto-based gold mining company saw a one-month return of 7.49% and a 108.72% increase in shares over the past year, closing at $3.59 per share on April 14, 2025.
New Gold Inc. (NYSEMKT:NGD) was praised in the investor letter for its performance as a hard asset producer. The company, with mines in Canada, has shown strong results, making it a standout performer in the industry.
New Gold Inc. (NYSEMKT:NGD) saw increased interest from hedge funds, with 26 portfolios holding the stock at the end of the fourth quarter. While the company has potential as an investment, hedge funds are looking towards AI stocks for higher returns in a shorter timeframe. Explore AI stock options for promising investments.
Read more: Here’s Why New Gold (NGD) Doubled in 2024