New Gold Inc. (TSE:NGD) (ARCA:NGD) hit a new 52-week low on Monday . The company traded as low as C$3.02 and last traded at C$3.10, with a volume of 376331 shares. The stock had previously closed at C$3.10.
NGD has been the subject of a number of recent analyst reports. Eight Capital reiterated a “buy” rating on shares of New Gold in a report on Thursday, November 16th. Laurentian set a C$4.75 price target on shares of New Gold and gave the company a “buy” rating in a report on Tuesday, December 19th. Laurentian Bank of Canada reiterated a “buy” rating and set a C$4.75 price target on shares of New Gold in a report on Tuesday, December 19th. Desjardins reiterated a “sell” rating on shares of New Gold in a report on Monday, December 11th. Finally, Canaccord Genuity lowered their price target on shares of New Gold from C$5.75 to C$5.50 in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$5.29.
The stock has a market capitalization of $1,830.00, a price-to-earnings ratio of -14.32 and a beta of -0.13.
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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.
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