NEW GOLD (NGD) : During the past 4 weeks, traders have been relatively bearish on NEW GOLD (NGD), hence the stock is down -20.36% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.03% relative to the S&P 500. The 4-week change in the price of the stock is -21.97% and the stock has fallen -5.53% in the past 1 week.
The stock has recorded a 20-day Moving Average of 12.71% and the 50-Day Moving Average is 12.85%.The 200 Day SMA reached 14.93% New Gold, Inc. is up 8.03% in the last 3-month period. Year-to-Date the stock performance stands at 91.38%.
NEW GOLD (NGD) : 8 investment research analysts covering NEW GOLD (NGD) have an average price target of $5.16 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $4 for the short term. Analysts expect the variance to be within $1.05 of the average price.
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 $4.36 and the intraday high of $4.709 after having opened at $4.49 on Fridays session. The stock finally closed in the red at $4.49, a loss of -1.33%. The stock remained in the red for the whole trading day. The total traded volume was 8,092,455 shares. The stock failed to cross $4.709 in Fridays trading. The stocks closing price on Thursday was $4.44.
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.