New Gold Inc. (NYSEAMERICAN:NGD - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $1.80 and last traded at $1.71, with a volume of 2675816 shares. The stock had previously closed at $1.70.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. StockNews.com downgraded New Gold from a "buy" rating to a "hold" rating in a report on Sunday, January 14th. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of New Gold in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $1.55.
Get Our Latest Stock Report on New Gold
New Gold Trading Down 0.6 %
The company has a quick ratio of 0.98, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -18.78 and a beta of 1.54.
New Gold (NYSEAMERICAN:NGD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The business had revenue of $199.20 million during the quarter. New Gold had a negative net margin of 8.20% and a positive return on equity of 5.63%. As a group, equities analysts predict that New Gold Inc. will post 0.06 EPS for the current year.
Institutional Trading of New Gold
Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of New Gold in the first quarter worth approximately $33,000. Citigroup Inc. boosted its stake in shares of New Gold by 127.1% in the first quarter. Citigroup Inc. now owns 22,707 shares of the basic materials company's stock worth $41,000 after acquiring an additional 12,707 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of New Gold in the third quarter worth approximately $25,000. CreativeOne Wealth LLC acquired a new position in New Gold during the second quarter worth $33,000. Finally, Quantbot Technologies LP acquired a new position in New Gold during the second quarter worth $33,000. 42.82% of the stock is owned by institutional investors and hedge funds.
About New Gold
(
Get Free Report)
New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.
See Also
Before you consider New Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Gold wasn't on the list.
While New Gold currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
