New Gold (AMEX: NGD ) This mid-cap gold company with assets in the Americas
(mainly Canada) is expected to increase earnings in 2012 by 9% to 59 cents, a
29% growth projection, according to Zacks. NGD reported Q3 earnings of 9 cents
per share, which met the consensus of nine analysts. The acquisition of two
venture exchange companies was announced in October, which is part of a
long-term expansion plan. Technically, in early August, the stock broke from a
four-month consolidation at just over $11 supported by very high volume. But a
general correction in gold has driven the stock to its bullish support line and
quadruple-bottom where the stock is accumulating buyers. NGD sells at a discount
to its group and technically could break its high and drive to $14 within three
months. Buy NGD at the market. Click to Enlarge
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