The stock of New Gold Inc. (USA) (NYSEMKT:NGD) is a huge mover today! About 1.27M shares traded hands. New Gold Inc. (USA) (NYSEMKT:NGD) has risen 0.79% since March 9, 2016 and is uptrending. It has underperformed by 6.63% the S&P500.
The move comes after 6 months positive chart setup for the $1.89 billion company. It was reported on Oct, 12 by Barchart.com. We have $4.90 PT which if reached, will make NYSEMKT:NGD worth $529.20M more.
Analysts await New Gold Inc. (USA) (NYSEMKT:NGD) to report earnings on October, 26. They expect $0.02 earnings per share, up 200.00% or $0.04 from last year’s $-0.02 per share. NGD’s profit will be $9.87 million for 47.88 P/E if the $0.02 EPS becomes a reality. After $0.03 actual earnings per share reported by New Gold Inc. (USA) for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
New Gold Inc. (USA) (NYSEMKT:NGD) Ratings Coverage
Out of 3 analysts covering New Gold Inc. (NYSEMKT:NGD), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. New Gold Inc. has been the topic of 12 analyst reports since August 24, 2015 according to StockzIntelligence Inc. As per Thursday, September 8, the company rating was downgraded by Desjardins Securities. Mackie upgraded the shares of NGD in a report on Friday, August 28 to “Hold” rating. The firm has “Hold” rating by Mackie given on Monday, August 31. The firm has “Buy” rating given on Friday, September 16 by Desjardins Securities. As per Friday, October 9, the company rating was initiated by IBC.
According to Zacks Investment Research, “New Gold Inc. is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia.”
Another recent and important New Gold Inc. (USA) (NYSEMKT:NGD) news was published by Prnewswire.com which published an article titled: “New Gold to Discuss Third Quarter 2016 Financial Results on Friday, October 28 …” on October 11, 2016.
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