New Gold Inc. Underpriced by 140.96%
NGD’s mean recommendation on Reuter’s scale has so far not been altered from 3.06 thirty days ago to 3.06 now. This is an indication of a sell consensus from the analysts’ society. They expect that New Gold Inc. (NGD) price will be reaching a mean target of $4.01 a share. This implies that they believe the stock has what it takes to lift the price another 383.13%. The recent close goes a long way in suggesting that the stock price is being underpriced by a 140.96% compared to the most bullish target.
New Gold Inc. (NGD) Returns -74.86% This Year
The company during the last trade was able to reach a volume of 2.71 million shares. That activity is comparable to their recent volume average trend of nearly 3.66 million shares which they recorded over a period of three months. The stock price volatility for last week at the close of regular trading was 5.96%, pushing the figure for the whole month to now reaching 6.03%. New Gold Inc. price was kept to a minimum $0.8025 in intra-day trade and has returned -74.86% this year alone. At a certain point in the past four quarters, the shares traded as low as $0.69 but made a 19.02% recovery since then.
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