New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's share price hit a new 52-week high during trading on Monday . The stock traded as high as C$9.44 and last traded at C$9.43, with a volume of 1800493 shares trading hands. The stock had previously closed at C$9.12.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. National Bankshares raised their target price on shares of New Gold from C$8.00 to C$9.50 and gave the stock an "outperform" rating in a research report on Tuesday, September 9th. Raymond James Financial upgraded shares of New Gold to a "hold" rating in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$7.48.
Read Our Latest Stock Report on NGD
New Gold Stock Up 0.8%
The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. The firm has a market cap of C$7.58 billion, a PE ratio of 47.85, a PEG ratio of -3.02 and a beta of 1.21. The stock has a fifty day moving average price of C$7.37 and a 200-day moving average price of C$6.22.
About New Gold
(
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New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.
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