InvestorsObserver
×
News Home

Wall Street's Analysis on New Gold Inc (NGD) Stock's Recent Behavior

Thursday, June 11, 2020 10:11 AM | InvestorsObserver Analysts

Mentioned in this article

Wall Street's Analysis on New Gold Inc (NGD) Stock's Recent Behavior

New Gold Inc (NGD) stock has gained 22.13% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
New Gold Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NGD!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NGD Stock Today?

New Gold Inc (NGD) stock is trading at $1.49 as of 10:09 AM on Thursday, Jun 11, a loss of -$0.01, or -0.67% from the previous closing price of $1.50. The stock has traded between $1.43 and $1.53 so far today. Volume today is below average. So far 1,536,659 shares have traded compared to average volume of 5,085,646 shares.

To see the top 5 stocks in the Gold industry click here.

More About New Gold Inc

New Gold Inc is an intermediate gold mining company with operations across the globe. The company has a portfolio of four producing assets: the New Afton Mine in Canada, the Mesquite Mine in the United States, and the Cerro San Pedro Mine in Mexico. In addition, New Gold owns 100% of the Rainy River and Blackwater projects in Canada, along with a minority stake in the gold stream on the El Morro project in Chile. The New Afton Mine is the largest division, contributing roughly 50% of group revenue.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App