New Gold (NGD) Surges: Stock Moves 5.6% Higher
New Gold Inc. NGD was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $0.46 –$0.63 in the past one-month time frame, witnessed a sharp increase on Thursday.
The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
New Gold currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
New Gold Inc. Price
New Gold Inc. price | New Gold Inc. Quote
A better-ranked stock in the Mining - Gold industry is Alamos Gold Inc. AGI, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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