New Gold Inc. (TSE:NGD) (ARCA:NGD) has earned an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$5.14.
NGD has been the topic of a number of recent analyst reports. Laurentian Bank of Canada restated a “buy” rating and issued a C$4.75 target price on shares of New Gold in a research note on Tuesday, December 19th. Canaccord Genuity upgraded shares of New Gold from a “hold” rating to a “buy” rating and upped their target price for the company from C$4.75 to C$5.75 in a research note on Friday, October 20th. Desjardins restated a “sell” rating on shares of New Gold in a research note on Monday, December 11th. Eight Capital cut their target price on shares of New Gold from C$5.50 to C$5.00 in a research note on Thursday, January 18th. Finally, Laurentian set a C$4.75 target price on shares of New Gold and gave the company a “buy” rating in a research note on Tuesday, December 19th.
New Gold (TSE:NGD) traded up C$0.20 during trading hours on Friday, reaching C$3.53. 2,528,676 shares of the company’s stock were exchanged, compared to its average volume of 1,203,927. The stock has a market cap of $1,900.00, a PE ratio of 29.83 and a beta of -0.27. New Gold has a one year low of C$3.21 and a one year high of C$5.16.
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About New Gold
New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.
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