Source: Financial Modeling Prep · peers by sector/industry
Insider activity (SEC Form 4)
No recent Form 4 filings on EDGAR — either no insider transactions reported recently or this isn't a SEC-registered issuer.
Valuation
Trading at 72.6× earnings vs its 7.5× historical median P/E.
Fair value ≈ $0.94 · price $9.08 today
Overvalued · 868% above
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Fair-value line = the stock's median historical P/E × earnings. Price below the orange line = cheap vs its own history; above = expensive. Not investment advice.
starting to feel like traders are building copper watchlists around names with real scale now, $NRED.CSE sitting beside Copper Mountain while names like $TECK, $FCX, $SCCO and $NGD keep pulling attention into the whole copper space is a pretty strong backdrop for a district-scale BC story
COPPER MARKET IS STARTING TO LOOK TIGHT AGAIN AND THE TIMING FOR BC COPPER STORIES COULDN’T BE MORE INTERESTING
Copper just pushed to $13,619/t on the LME, a fresh 3-month high and only ~6% below the January all-time peak near $14,500. This move didn’t come out of nowhere either. The market is reacting to real supply pressure.
Grasberg, one of the largest copper-gold mines on Earth, now expects full recovery only in early 2028 instead of H2 2027. That’s potentially another 6–12 months of reduced supply from a mine that normally produces hundreds of thousands of tonnes of copper annually. At the same time, Shanghai copper inventories just fell another 5.6% in a single week. Metal keeps leaving warehouses even at elevated prices.
And while this is happening, money is flowing into copper futures. COMEX open interest jumped by 4,230 contracts in one day. Copper price up + open interest up usually means new money entering the trade, not traders exiting old positions.
The market is already reacting across the sector. $TECK, $FCX, $NGD, $SCCO and other copper names have all been catching stronger attention as traders start looking further out at future supply.
Now look at $NRED.CSE / $NREDF.
Wilmac expanded to 16,077.76 hectares after the Trojan-Condor addition. Four target areas are now tied into one growing district-scale model: Wilmac, Lamont, Plume and Trojan-Condor.
Recent work already identified:
copper soil anomalies
intrusive rocks
magnetic anomalies
fertile magma signatures
porphyry-style alteration with chalcopyrite and epidote
The newest North Lamont results added another layer: multiple copper anomalies directly aligned with the magnetic system. The company now believes parts of the intrusive complex may be buried deeper under cover rocks, which is exactly why the 2026 IP/AMT program matters.
And that program is large:
85+ km of deep geophysics designed to image beyond 1,500 meters.
That’s the stage where these stories begin transitioning from maps and theory into actual drill targets.
Copper near highs.
Inventories falling.
Major mines delayed.
New supply becoming harder to find.
The market is slowly starting to care about where the next generation of copper projects comes from.
Quesnel keeps producing scale - next read is what sits under Wilmac
Quesnel is one of those rare belts where scale has already been built over decades
$TECK runs Highland Valley Copper with billions of pounds in the ground
$HUD (Copper Mountain) operates around ~0.3% Cu with a defined reserve base and steady output
$NGD at New Afton Mine adds the Cu-Au angle within the same corridor
Same regional geology, same intrusive history, same structural framework - different stages playing out across the belt
$NRED.CSE sits inside that framework with ~16,000+ hectares after Trojan-Condor, tying four targets across a 4–5 km trend. Historical IP, magnetics, Cu-Au-Ag soil anomalies and shallow drilling already point to a broader system developing
The 2026 program (85+ km IP/AMT, >1.5 km depth imaging) is where the model starts getting tested. Multiple chargeability targets and depth continuity will matter most
$CDE man if this doesn't recover my new money is going into $USAS ...im tired of always having to average down. Ill hold but this stock killed all my money made in $NGD
$B So I have owned B for years. Bought some in 2009 and some in 2022. If you had the choice to buy $B, $NGD or $EGO , which one would you traders would buy? Just wondering
$EGO It’s interesting to see that Cramer bought this co’s stock yesterday along with $NGD. I don’t know if this is a good thing or not. I bought one of Cramer’s recommended stocks in Jan and the damn share price has been going down ever since! 
$NGD 3/23/2026 7:31am
07:31 AM EDT, 03/23/2026 (MT Newswires) -- Coeur Mining (CDE) said Monday it has launched a private exchange offer for $400 million of New Gold's 6.875% senior notes due 2032.
In connection with the exchange offers, the company is also seeking consents to amend the governing indentures of the existing notes, including removing substantially all restrictive covenants and certain events of default, the company said.
The company is offering a premium for securities tendered before the early participation date of April 3, with the offers set to expire on April 20, Cour Mining said.
Holders tendering each $1000 of notes by the early participation date will receive $950 in new notes, a $50
early participation premium, and $2 in cash, the company said.
The exchange offer is expected to settle on or about April 22, subject to customary conditions, Coeur Mining said.
