What’s Next for NewCastle Gold Ltd After Today’s Huge Increase?

 What's Next for NewCastle Gold Ltd After Today's Huge Increase?

The stock of NewCastle Gold Ltd (CVE:NCA) is a huge mover today! About 180,200 shares traded hands. NewCastle Gold Ltd (CVE:NCA) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
The move comes after 5 months positive chart setup for the $137.77 million company. It was reported on Nov, 8 by Barchart.com. We have $2.66 PT which if reached, will make CVE:NCA worth $268.65 million more.

NewCastle Gold Ltd (CVE:NCA) Ratings Coverage

Out of 5 analysts covering Newcastle Gold Ltd (CVE:NCA), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $2 is the highest target while $0.30 is the lowest. The $1.08 average target is 20.00% above today’s ($0.9) stock price. Newcastle Gold Ltd has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was reinitiated by M Partners on Tuesday, December 22 with “Buy”. The stock of NewCastle Gold Ltd (CVE:NCA) has “Hold” rating given on Friday, August 7 by Canaccord Genuity. TD Securities maintained the stock with “Speculative Buy” rating in Wednesday, November 2 report.

More recent NewCastle Gold Ltd (CVE:NCA) news were published by: Seekingalpha.com which released: “NewCastle Gold – A Penny Stock For Thoughtful Speculation” on July 28, 2016. Also Mining.com published the news titled: “New CEO lifts Newcastle Gold shares” on August 09, 2016. Marketwired.com‘s news article titled: “NewCastle Gold and Catalyst Copper Announce Definitive Agreement” with publication date: April 14, 2016 was also an interesting one.

NewCastle Gold Ltd., formerly Castle Mountain Mining Company Limited, is an exploration gold company. The company has a market cap of $137.77 million. The Company, through its subsidiaries, including Castle Mountain Venture, focuses on the exploration and development of gold deposits in its Permitted Castle Mountain Gold Project, which is in San Bernardino County, California, approximately 70 miles south of Las Vegas, Nevada. It currently has negative earnings. The Castle Mountain Property consists of patented lode claims, unpatented lode and millsite claims, and placer claims for an aggregate total of over 7,460 acres.

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