A Reversal for New Gold Inc. Is Not Near. The Stock Declines Again

 A Reversal for New Gold Inc. Is Not Near. The Stock Declines Again

The stock of New Gold Inc. (TSE:NGD) is a huge mover today! About 1.01 million shares traded hands. New Gold Inc. (TSE:NGD) has risen 14.71% since March 24, 2016 and is uptrending. It has outperformed by 11.24% the S&P500.
The move comes after 5 months negative chart setup for the $2.82B company. It was reported on Oct, 31 by Barchart.com. We have $4.75 PT which if reached, will make TSE:NGD worth $253.80 million 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. The firm has “Buy” rating given on Friday, August 28 by Mackie. Desjardins Securities upgraded the shares of NGD in a report on Tuesday, February 23 to “Hold” rating. RBC Capital Markets maintained New Gold Inc. (TSE:NGD) on Friday, October 7 with “Sector Perform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, June 29 report. The company was downgraded on Thursday, October 29 by Mackie. The rating was initiated by JP Morgan with “Neutral” on Thursday, February 4. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, November 17. National Bank Canada downgraded the stock to “Sector Perform” rating in Friday, October 30 report.

More news for New Gold Inc. (TSE:NGD) were recently published by: Seekingalpha.com, which released: “A New Gold Major Is Born” on October 27, 2016. Prnewswire.com‘s article titled: “New Gold Announces Earn-in Agreement with Rimfire Pacific Mining” and published on October 27, 2016 is yet another important article.

New Gold Inc. is a Canada-based intermediate gold mining company. The company has a market cap of $2.82 billion. The Firm is engaged in the development and operation of mineral properties. It has a 146.96 P/E ratio. The Firm has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment