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New Gold Inc. (NGD) [hlAlert]

down 68.69 %

New Gold Inc. (NGD) rated Buy with price target $9.50 by Global Hunter Securities

Posted on: Thursday,  May 23, 2013  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy New Gold Inc. (AMEX: NGD) on 05/23/2013, when the stock price was $6.74.
Since then, New Gold Inc. has lost 68.69% as of 08/27/2015's recent price of $2.11.
If you would have followed this Global Hunter Securities's recommendation on NGD, you would have lost 68.69% of your investment in 826 days.

New Gold Inc. (New Gold) is an intermediate gold producer with a portfolio of global assets in Mexico, Canada, Australia, Brazil, Chile and the United States (Alaska). The Company?s operating assets consist of the Cerro San Pedro (CSP) gold-silver mine in Mexico (the CSP Mine), the Peak gold-copper mine (Peak Mines) in Australia and the Amapari gold mine in Brazil (the Amapari Mine). The Company?s other development projects include the New Afton copper-gold project in Canada (the New Afton Project) and a 30% interest in the El Morro copper-gold project in Chile (the El Morro Project). In June 2009, New Gold completed its business combination with Western Goldfields Inc., pursuant to which New Gold acquired all of the issued and outstanding common shares of Western Goldfields.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/23/2013 9:25 AM Buy
6.74 9.50
as of 12/13/2013
1 Week up  2.96 %
1 Month down  -12.11 %
3 Months down  -21.35 %
1 YTD down  -27.89 %

(*) Stock Price at the time of the recommendation.
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