New Gold (TSE:NGD - Get Free Report) ARCA: NGD had its target price boosted by equities research analysts at Bank of America from C$1.90 to C$2.30 in a research note issued to investors on Tuesday, BayStreet.CA reports. Bank of America's price target indicates a potential downside of 8.37% from the stock's previous close.
Other equities analysts have also recently issued research reports about the company. National Bankshares decreased their price target on New Gold from C$2.25 to C$2.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 20th. National Bank Financial reiterated a "sector perform spec overwgt" rating on shares of New Gold in a report on Wednesday, January 3rd.
Check Out Our Latest Stock Analysis on New Gold
New Gold Price Performance
Shares of NGD stock traded up C$0.12 during trading hours on Tuesday, hitting C$2.51. 2,638,710 shares of the company's stock were exchanged, compared to its average volume of 1,330,511. The stock's 50-day moving average is C$1.93 and its 200-day moving average is C$1.78. The company has a debt-to-equity ratio of 50.84, a current ratio of 1.54 and a quick ratio of 1.64. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -20.58, a price-to-earnings-growth ratio of -3.02 and a beta of 1.52. New Gold has a 52 week low of C$1.17 and a 52 week high of C$2.54.
New Gold (TSE:NGD - Get Free Report) ARCA: NGD last announced its earnings results on Tuesday, February 13th. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.04). The business had revenue of C$271.22 million for the quarter. New Gold had a negative return on equity of 7.38% and a negative net margin of 8.20%. As a group, research analysts forecast that New Gold will post 0.1355088 EPS for the current year.
About New Gold
(
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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.
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