Zacks Rating on NEW GOLD (NGD)

NEW GOLD (NGD) : 8 analysts are covering NEW GOLD (NGD) and their average rating on the stock is 3, which is read as a Hold. NEW GOLD (NGD) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

NEW GOLD (NGD) : Currently there are 7 street experts covering NEW GOLD (NGD) stock. The most bullish and bearish price target for the stock is $7 and $4 respectively for the short term. The average price target of all the analysts comes to $5.23. The estimated standard deviation from the target is $1.23.


New Gold, Inc. has dropped 6.25% in the last five trading days, however, the shares have posted positive gains of 27.36% in the last 4 weeks. New Gold, Inc. is up 36.71% in the last 3-month period. Year-to-Date the stock performance stands at 132.76%. NEW GOLD (NYSEMKT:NGD): On Tuesdays trading session , Opening price of the stock was $5.58 with an intraday high of $5.58. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.36. However, the stock managed to close at $5.4, a loss of 1.46% for the day. On the previous day, the stock had closed at $5.48. The total traded volume of the day was 2,938,074 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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