Worth Watching: Is Buying Stock Like New Gold Inc. (USA) After Such Increase Winning Strategy?

Worth Watching: Is Buying Stock Like New Gold Inc. (USA) After Such Increase Winning Strategy?

The stock of New Gold Inc. (USA) (NYSEMKT:NGD) is a huge mover today! About 2.16M shares traded hands. New Gold Inc. (USA) (NYSEMKT:NGD) has declined 11.59% since April 13, 2016 and is downtrending. It has underperformed by 15.52% the S&P500.
The move comes after 7 months positive chart setup for the $1.98B company. It was reported on Nov, 15 by Barchart.com. We have $4.69 PT which if reached, will make NYSEMKT:NGD worth $396.00M more.

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. The firm has “Hold” rating given on Friday, August 28 by Mackie. As per Monday, August 31, the company rating was upgraded by Mackie. The rating was upgraded by Desjardins Securities to “Buy” on Friday, September 16. The firm has “Hold” rating by Desjardins Securities given on Thursday, September 8. The stock of New Gold Inc. (USA) (NYSEMKT:NGD) earned “Sector Performer” rating by IBC on Friday, October 9.

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 Receives Approval for Construction of Rainy River Tailings Management …” on November 15, 2016.

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