Wall Street Bulls Look Optimistic About New Gold (NGD): Should You Buy?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Of the 10 recommendations that derive the current ABR, five are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 50% and 20% of all recommendations. The ABR suggests buying New Gold, but making an investment dec ...