New Gold (NGD) Jumps: Stock Rises 5.6%

Zacks

New Gold, Inc. (NGD) was a big mover last session, as the company saw its shares rise by roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained almost 20% since May 28.

This gold mining company has seen one negative estimate revision over the past 30 days and its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

New Gold currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same industry include Agnico Eagle Mines Limited (AEM), Alamos Gold Inc. (AGI) and Pretium Resources Inc. (PVG). While Citi Trends hold a Zacks Rank #1 (Strong Buy), American Apparel and The Men's Wearhouse carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



NEW GOLD INC (NGD): Free Stock Analysis Report

AGNICO EAGLE MINES LTD (AEM): Free Stock Analysis Report

ALAMOS GOLD INC (AGI): Free Stock Analysis Report

PRETIUM RESOURCES INC (PVG): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (0)