New Gold (TSE:NGD) PT Raised to C$3.00

New Gold (TSE:NGD - Get Free Report) ARCA: NGD had its price target increased by research analysts at Canaccord Genuity Group from C$2.75 to C$3.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group's target price suggests a potential upside of 27.66% from the stock's previous close.

A number of other brokerages also recently weighed in on NGD. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of New Gold in a research report on Monday, April 8th. National Bankshares lowered 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 research report on Tuesday, February 20th. Finally, Bank of America boosted their price target on New Gold from C$1.90 to C$2.30 in a research report on Tuesday, April 9th.

New Gold Stock Up 0.9 %

NGD traded up C$0.02 on Tuesday, hitting C$2.35. 2,135,410 shares of the company were exchanged, compared to its average volume of 1,366,516. The stock's fifty day moving average is C$2.08 and its 200-day moving average is C$1.86. The company has a market cap of C$1.61 billion, a PE ratio of -19.58, a PEG ratio of -3.02 and a beta of 1.52. The company has a debt-to-equity ratio of 50.84, a quick ratio of 1.64 and a current ratio of 1.54. New Gold has a 12 month low of C$1.17 and a 12 month high of C$2.67.

New Gold (TSE:NGD - Get Free Report) ARCA: NGD last announced its quarterly earnings results on Tuesday, February 13th. The company reported C($0.01) earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts predict that New Gold will post 0.1355088 EPS for the current fiscal year.

About New Gold

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.