What Will Happen to New Gold Inc. Next? The Stock Just Declined A Lot

 What Will Happen to New Gold Inc. Next? The Stock Just Declined A Lot

The stock of New Gold Inc. (TSE:NGD) is a huge mover today! About 895,614 shares traded hands. New Gold Inc. (TSE:NGD) has risen 15.50% since March 14, 2016 and is uptrending. It has outperformed by 9.96% the S&P500.
The move comes after 6 months negative chart setup for the $2.94B company. It was reported on Oct, 19 by Barchart.com. We have $5.18 PT which if reached, will make TSE:NGD worth $147.00M less.

New Gold Inc. (TSE:NGD) Ratings Coverage

Out of 8 analysts covering New Gold Inc. (TSE:NGD), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. New Gold Inc. has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Wednesday, June 29, the company rating was maintained by RBC Capital Markets. The stock of New Gold Inc. (TSE:NGD) earned “Hold” rating by Desjardins Securities on Tuesday, February 23. The stock of New Gold Inc. (TSE:NGD) has “Buy” rating given on Friday, August 28 by Mackie. The rating was downgraded by National Bank Canada on Friday, October 30 to “Sector Perform”. The company was downgraded on Thursday, October 29 by Mackie. The stock of New Gold Inc. (TSE:NGD) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 17. The stock of New Gold Inc. (TSE:NGD) has “Sector Perform” rating given on Friday, October 7 by RBC Capital Markets. The firm has “Neutral” rating by JP Morgan given on Thursday, February 4.

New Gold Inc. is a Canada-based intermediate gold mining company. The company has a market cap of $2.94 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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