What’s NewCastle Gold Ltd Downside After Today’s Huge Decline?

 What's NewCastle Gold Ltd Downside After Today's Huge Decline?

The stock of NewCastle Gold Ltd (CVE:NCA) is a huge mover today! About 70,000 shares traded hands. NewCastle Gold Ltd (CVE:NCA) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
The move comes after 5 months negative chart setup for the $146.91 million company. It was reported on Nov, 23 by Barchart.com. We have $0.70 PT which if reached, will make CVE:NCA worth $13.22 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 40.26% above today’s ($0.77) stock price. Newcastle Gold Ltd has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. M Partners reinitiated NewCastle Gold Ltd (CVE:NCA) rating on Tuesday, December 22. M Partners has “Buy” rating and $0.55 price target. The firm earned “Hold” rating on Friday, August 7 by Canaccord Genuity. As per Wednesday, November 2, the company rating was maintained by TD Securities.

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 $146.91 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.

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.

Related posts

Leave a Comment