New Gold Inc. (NGD) Receives Average Rating of “Hold” from Analysts
Shares of New Gold Inc. (TSE:NGD) (ARCA:NGD) have earned an average rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$4.62.
A number of analysts recently weighed in on the stock. TD Securities restated a “buy” rating and set a C$7.00 target price on shares of New Gold in a report on Friday, April 28th. Scotiabank restated a “sector perform” rating and set a C$4.00 target price on shares of New Gold in a report on Wednesday, April 26th.
Shares of New Gold (NGD) traded down 0.77% during midday trading on Monday, reaching $3.86. The company’s stock had a trading volume of 686,232 shares. The company has a market capitalization of $2.22 billion and a P/E ratio of 137.86. New Gold has a 1-year low of $3.11 and a 1-year high of $7.87. The stock has a 50 day moving average of $3.94 and a 200-day moving average of $4.13.
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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