Brokerage Firm Rating Update on NEW GOLD (NGD)

NEW GOLD (NGD) : 1 brokerage houses believe that NEW GOLD (NGD) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NEW GOLD (NGD). Zacks Investment Research suggests a Strong Buy with a rank of 1. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.78.

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 8 Wall Street Brokerage Firms. The average price target for shares are $5.36 with an expected fluctuation of $1.19 from the mean.


Company shares have received an average consensus rating of Hold for the current week

NEW GOLD (NYSEMKT:NGD): stock was range-bound between the intraday low of $5.09 and the intraday high of $5.5 after having opened at $5.5 on Wednesdays session. The stock finally closed in the red at $5.5, a loss of -7.43%. The stock remained in the red for the whole trading day. The total traded volume was 12,751,380 shares. The stock failed to cross $5.5 in Wednesdays trading. The stocks closing price on Thursday was $5.65.

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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