%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Small-cap stock %NewGold (NYSE: $NGD ) is booming amid the ongoing rally in bullion. Based in Canada, New Gold owns and operates the New Afton gold, silver and copper mine in British Columbia and the Rainy River gold and silver mine in Ontario. The Toronto-based company has also had interests in gold and silver mines in Mexico over the years, though its operations are heavily concentrated in Canada. A going concern since 1980, the company became a mine operator with its merger of Peak Gold and Metallica Resources in 2008. Today, the company's operations are booming as the prices of both precious and industrial metals skyrocket. Gold's price is currently at $3,730 U.S. per ounce, an all-time high. The price of the yellow metal has hit new highs on 30 separate occasions this year. At the same time, the price of silver is at its highest level in more than a decade and copper's price is at a 15-month peak. The boom in metals has driven the price of New Gold's stock sharply higher as well. So far in 2025, NGD stock has risen 157% to trade at $6.74 U.S. per share. Over the last five years, the stock is up 260%. With analysts forecasting that the price of gold could top $4,000 U.S. an ounce, New Gold's shares likely have more room to run. A market capitalization of $5.34 billion U.S. makes New Gold a small-cap stock. And the shares currently trade at a rich value of 37 times future earnings estimates. However, New Gold's rally and valuation are inline with other stocks of %Gold producers, which are enjoying a bull run alongside the price of bullion. Analysts at RBC Capital Markets (RBC) recently reiterated a Buy rating on New Gold with a price target of $8 U.S. per share, which is 20% higher than where the stock currently trades.