New Gold (NGD) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the latest trading session, New Gold (NGD) closed at $3.01, marking a +1.35% move from the previous day.
New Gold (NGD) closed at $2.88 in the latest trading session, marking a -1.71% move from the prior day.
In the most recent trading session, New Gold (NGD) closed at $2.82, indicating a +0.36% shift from the previous trading day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
New Gold (NGD) reachead $2.76 at the closing of the latest trading day, reflecting a -1.43% change compared to its last close.
In the latest trading session, New Gold (NGD) closed at $2.93, marking a +1.56% move from the previous day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
New Gold (NGD) reachead $3.12 at the closing of the latest trading day, reflecting a +0.32% change compared to its last close.
In the most recent trading session, New Gold (NGD) closed at $3.13, indicating a +0.97% shift from the previous trading day.
Initiating coverage on New Gold with a “Buy” rating and a 36-month horizon due to strong fundamentals and potential for production growth and margin expansion. New Gold's liquidity buffer of $461 million and robust operating cash flow support aggressive growth plans, with expected significant EBITDA margin expansion by 2026. Gold's uptrend, driven by potential aggressive monetary policies and geopolitical tensions, supports the bullish outlook for New Gold, with anticipated realized gold prices reaching $3,000 an ounce.