Is New Gold Inc. a Sell? The Stock Declines Again


The stock of New Gold Inc. (TSE:NGD) is a huge mover today! About 1.24M shares traded hands. New Gold Inc. (TSE:NGD) has risen 57.89% since February 5, 2016 and is uptrending. It has outperformed by 41.41% the S&P500.
The move comes after 5 months negative chart setup for the $3.18B company. It was reported on Sep, 13 by We have $5.52 PT which if reached, will make TSE:NGD worth $286.20 million less.

Out of 6 analysts covering New Gold Inc. (TSE:NGD), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. New Gold Inc. has been the topic of 9 analyst reports since September 16, 2015 according to StockzIntelligence Inc.

New Gold Inc. is a Canada-based intermediate gold mining company. The company has a market cap of $3.18 billion. The Firm is engaged in the development and operation of mineral properties. It currently has negative earnings. The Firm has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada.

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