New Gold (TSE:NGD - Get Free Report) ARCA: NGD had its target price lifted by analysts at National Bankshares from C$8.00 to C$9.50 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 7.47% from the stock's current price.
Separately, Raymond James Financial upgraded shares of 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 given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$7.48.
Read Our Latest Stock Report on New Gold
New Gold Price Performance
Shares of New Gold stock traded down C$0.16 during trading hours on Tuesday, reaching C$8.84. The stock had a trading volume of 1,065,575 shares, compared to its average volume of 1,832,992. The stock's 50 day moving average is C$6.88 and its 200 day moving average is C$5.86. The firm has a market capitalization of C$7.00 billion, a PE ratio of 44.20, a PEG ratio of -3.02 and a beta of 1.21. New Gold has a twelve month low of C$3.22 and a twelve month high of C$9.10. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12.
New Gold Company Profile
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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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