10 Stocks Outperform Broader Market Last Week

5. New Gold Inc. (NYSEAMERICAN:NGD)

New Gold saw its share prices increase by 11.8 percent week-on-week to finish at $3.6 apiece versus the $3.22 registered on March 21 as investor sentiment was buoyed by gold spot prices’ new all-time highs.

As of Friday, spot prices of gold were already up by 0.91 percent to a new all-time high of $3,085.12 per ounce. Friday’s increase marked its 18th record high this year as investors’ funds flocked to safer assets such as gold to mitigate risks from the US trade war with other economies.

Further adding to the sentiment was Bank of America’s raising of its average gold price targets for this year and the next to $3,063 per ounce this year and $3,350 per ounce in 2026.

The new figures were markedly up from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026.

NGD is an intermediate gold mining company with a portfolio of two core-producing assets in Canada, namely the Rainy River Mine in Ontario and the New Afton Mine in British Columbia.