The stock of New Gold Inc. (USA) (NYSEMKT:NGD) is a huge mover today! About 1.85 million shares traded hands. New Gold Inc. (USA) (NYSEMKT:NGD) has risen 10.08% since April 5, 2016 and is uptrending. It has outperformed by 8.12% the S&P500.
The move comes after 5 months positive chart setup for the $2.01 billion company. It was reported on Nov, 8 by Barchart.com. We have $6.35 PT which if reached, will make NYSEMKT:NGD worth $1.13 billion more.
New Gold Inc. (USA) (NYSEMKT:NGD) Ratings Coverage
Out of 3 analysts covering New Gold Inc. (NYSEMKT:NGD), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. New Gold Inc. has been the topic of 12 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, August 28 by Mackie. Desjardins Securities downgraded the stock to “Hold” rating in Thursday, September 8 report. The stock of New Gold Inc. (USA) (NYSEMKT:NGD) has “Sector Performer” rating given on Friday, October 9 by IBC. The stock has “Hold” rating given by Mackie on Monday, August 31. The firm earned “Buy” rating on Friday, September 16 by Desjardins Securities.
According to Zacks Investment Research, “New Gold Inc. is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia.”
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