New Gold (NGD) Price Target Cut to C$4.75 by Analysts at Eight Capital

New Gold (TSE:NGD) (ARCA:NGD) had its target price lowered by Eight Capital from C$5.25 to C$4.75 in a report released on Friday.

Several other research firms have also recently issued reports on NGD. Desjardins reiterated a sell rating on shares of New Gold in a research report on Monday, December 11th. Laurentian Bank of Canada reiterated a buy rating and issued a C$4.75 price objective on shares of New Gold in a research report on Tuesday, December 19th. Laurentian set a C$4.75 price objective on New Gold and gave the stock a buy rating in a research report on Tuesday, December 19th. Finally, Canaccord Genuity cut their price objective on New Gold from C$5.75 to C$5.50 in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$5.22.

New Gold (TSE NGD) traded up C$0.11 during trading hours on Friday, reaching C$3.36. The company’s stock had a trading volume of 786,300 shares, compared to its average volume of 1,250,000. The stock has a market capitalization of $1,940.00, a PE ratio of -15.27 and a beta of -0.27. New Gold has a 1 year low of C$3.21 and a 1 year high of C$5.16.

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New Gold Company Profile

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.

Analyst Recommendations for New Gold (TSE:NGD)

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