New Gold (TSE:NGD - Get Free Report) ARCA: NGD had its price target boosted by equities research analysts at National Bankshares from C$8.00 to C$9.50 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price points to a potential upside of 5.20% from the company's current price.
Separately, Raymond James Financial raised New Gold to a "hold" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$7.48.
Read Our Latest Report on NGD
New Gold Stock Performance
TSE:NGD traded down C$0.01 during mid-day trading on Tuesday, hitting C$9.03. 1,811,722 shares of the stock were exchanged, compared to its average volume of 1,839,167. The stock has a market capitalization of C$7.15 billion, a price-to-earnings ratio of 45.15, a price-to-earnings-growth ratio of -3.02 and a beta of 1.21. The firm's 50-day simple moving average is C$7.06 and its 200 day simple moving average is C$5.99. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. New Gold has a fifty-two week low of C$3.43 and a fifty-two week high of C$9.17.
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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