Shares of New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$6.92 and traded as high as C$9.10. New Gold shares last traded at C$8.79, with a volume of 2,587,303 shares trading hands.
Wall Street Analysts Forecast Growth
NGD has been the topic of several analyst reports. Raymond James Financial upgraded New Gold to a "hold" rating in a report on Monday, June 30th. National Bankshares increased their price target on New Gold from C$8.00 to C$9.50 and gave the company an "outperform" rating in a report on Tuesday, September 9th. One equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$7.48.
View Our Latest Research Report on NGD
New Gold Stock Performance
The firm's 50 day moving average price is C$7.06 and its 200-day moving average price is C$6.00. The firm has a market cap of C$7.35 billion, a price-to-earnings ratio of 46.45, a P/E/G ratio of -3.02 and a beta of 1.21. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64.
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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