The stock of NewCastle Gold Ltd (CVE:NCA) is a huge mover today! About 248,200 shares traded hands. NewCastle Gold Ltd (CVE:NCA) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
The move comes after 7 months negative chart setup for the $147.19 million company. It was reported on Nov, 10 by Barchart.com. We have $0.73 PT which if reached, will make CVE:NCA worth $16.19 million less.
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 31.71% above today’s ($0.82) stock price. Newcastle Gold Ltd has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, August 7 by Canaccord Genuity. M Partners reinitiated the shares of NCA in a report on Tuesday, December 22 with “Buy” rating. TD Securities maintained the stock with “Speculative Buy” rating in Wednesday, November 2 report.
Another recent and important NewCastle Gold Ltd (CVE:NCA) news was published by Seekingalpha.com which published an article titled: “NewCastle Gold – A Penny Stock For Thoughtful Speculation” on July 28, 2016.
NewCastle Gold Ltd., formerly Castle Mountain Mining Company Limited, is an exploration gold company. The company has a market cap of $147.19 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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