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 traded.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on NGD shares. National Bankshares upped their target price on New Gold from C$8.00 to C$9.50 and gave the stock an "outperform" rating in a research note on Tuesday. Raymond James Financial raised New Gold to a "hold" rating in a research note 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 given a Hold rating to the company. According to MarketBeat.com, New Gold presently has an average rating of "Buy" and an average target price of C$7.48.
Read Our Latest Analysis on NGD
New Gold Price Performance
The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12. The stock has a market capitalization of C$6.96 billion, a PE ratio of 43.95, a PEG ratio of -3.02 and a beta of 1.21. The company has a 50-day moving average of C$6.92 and a 200 day moving average of C$5.88.
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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