Brokerage Firm Rating on NEW GOLD (NGD)

NEW GOLD (NGD) : Zacks Investment Research ranks NEW GOLD (NGD) as 1, which is a Strong Buy recommendation. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 3, which indicates as a Hold.

NEW GOLD (NGD) : The most positive equity analysts on NEW GOLD (NGD) expects the shares to touch $7, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $5.23 with an expected fluctuation of $1.23 from the mean.


Company shares have received an average consensus rating of Hold for the current week NEW GOLD (NYSEMKT:NGD): The stock opened at $5.94 on Thursday but the bulls could not build on the opening and the stock topped out at $6.02 for the day. The stock traded down to $5.70 during the day, due to lack of any buying support eventually closed down at $5.71 with a loss of -3.87% for the day. The stock had closed at $5.94 on the previous day. The total traded volume was 6,550,097 shares.

New Gold Inc. is a Canada-based intermediate gold mining company engaged in the development and operation of mineral properties. The Companys assets include New Afton Mine in Canada, which is an underground gold?copper deposit; the Mesquite Mine in the United States, which is an open pit mine; the Peak Mines in Australia, which is an underground gold?copper deposit, and the Cerro San Pedro Mine in Mexico, which is a gold?silver, open pit mine. The Company projects include the Rainy River and Blackwater projects, both in Canada, and a 30% interest in the El Morro copper?gold project in Chile. Approximately 28% of the Companys gold revenue is generated from Canada, 28% from the United States, 26% from Australia and 18% from Mexico, and over 70% of its gold reserves are located in Canada.

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