NEW GOLD (NGD) Receives Price Target

NEW GOLD (NGD) : Average target price received by NEW GOLD (NGD) is $5.36 with an expected standard deviation of $1.19. The most aggressive target on the stock is $7, whereas the most downbeat target is $4. 8 financial analysts are currently covering the stock.

NEW GOLD (NGD) has an average broker rating of 2.78, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


NEW GOLD (NYSEMKT:NGD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.73 and $4.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.06, notching a gain of 5.64% for the day. The total traded volume was 6,523,045 . The stock had closed at $4.79 on the previous day.

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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