The stock of New Gold Inc. (TSE:NGD) is a huge mover today! About 220,203 shares traded hands. New Gold Inc. (TSE:NGD) has risen 13.41% since April 1, 2016 and is uptrending. It has outperformed by 11.46% the S&P500.
The move comes after 8 months positive chart setup for the $2.66 billion company. It was reported on Nov, 8 by Barchart.com. We have $8.14 PT which if reached, will make TSE:NGD worth $1.30 billion more.
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. $6 is the highest target while $3.50 is the lowest. The $4.61 average target is -15.57% below today’s ($5.46) stock price. New Gold Inc. has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Mackie given on Thursday, October 29. On Tuesday, February 23 the stock rating was upgraded by Desjardins Securities to “Hold”. As per Friday, August 28, the company rating was upgraded by Mackie. The stock of New Gold Inc. (TSE:NGD) has “Sector Perform” rating given on Wednesday, June 29 by RBC Capital Markets. On Friday, October 7 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. On Thursday, February 4 the stock rating was initiated by JP Morgan with “Neutral”. The firm earned “Outperform” rating on Tuesday, November 17 by RBC Capital Markets. As per Friday, October 30, the company rating was downgraded by National Bank Canada.
Another recent and important New Gold Inc. (TSE:NGD) news was published by Seekingalpha.com which published an article titled: “New Gold: Unrivaled Growth” on November 02, 2016.
New Gold Inc. is a Canada-based intermediate gold mining company. The company has a market cap of $2.66 billion. The Firm is engaged in the development and operation of mineral properties. It has a 154.19 P/E ratio. The Firm has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada.
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