New Gold Inc. (NYSEAMERICAN:NGD) has been assigned a consensus rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.14.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of New Gold from a “buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada boosted their price target on shares of New Gold from $3.75 to $4.25 and gave the stock a “sector perform” rating in a report on Monday, October 23rd. BidaskClub raised shares of New Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Canaccord Genuity raised shares of New Gold from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Finally, Scotiabank boosted their price target on shares of New Gold from $3.00 to $4.00 and gave the stock a “sector perform” rating in a report on Friday, September 29th.

An institutional investor recently bought a new position in New Gold stock. Cubist Systematic Strategies LLC acquired a new position in New Gold Inc. (NYSEAMERICAN:NGD) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 54,362 shares of the basic materials company’s stock, valued at approximately $202,000. Institutional investors and hedge funds own 51.53% of the company’s stock.

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Shares of New Gold (NYSEAMERICAN:NGD) opened at $3.28 on Thursday. The company has a market cap of $1,890.00, a price-to-earnings ratio of 67.20, a price-to-earnings-growth ratio of 13.01 and a beta of 0.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.38 and a current ratio of 2.28. New Gold has a one year low of $2.39 and a one year high of $4.41.

New Gold (NYSEAMERICAN:NGD) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. The firm had revenue of $142.50 million for the quarter, compared to the consensus estimate of $176.12 million. New Gold had a net margin of 10.14% and a return on equity of 0.98%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. equities research analysts forecast that New Gold will post 0.05 earnings per share for the current fiscal year.

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 (NYSEAMERICAN:NGD)

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