New Gold (NGD) Posts Quarterly Earnings, Hits Estimates
New Gold (TSE:NGD) released its earnings data on Friday. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02, Analyst Ratings Network.com reports.
Shares of New Gold (TSE:NGD) opened at 6.71 on Friday. New Gold has a 52 week low of $4.99 and a 52 week high of $8.52. The stock has a 50-day moving average of $6.80 and a 200-day moving average of $6.24. The company’s market cap is $3.379 billion.
On the ratings front, analysts at Canaccord Genuity raised their price target on shares of New Gold from C$7.75 to C$8.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$7.48.
New Gold Inc is engaged in gold mining and related activities, including acquisition, exploration, extraction, processing and reclamation.
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