New Gold (NGD) Given Sell Rating at Desjardins
New Gold (TSE:NGD) (ARCA:NGD)‘s stock had its “sell” rating reaffirmed by investment analysts at Desjardins in a note issued to investors on Monday.
A number of other equities research analysts have also commented on the stock. Eight Capital reiterated a “buy” rating on shares of New Gold in a report on Thursday, November 16th. Canaccord Genuity upgraded shares of New Gold from a “hold” rating to a “buy” rating and upped their price target for the company from C$4.75 to C$5.75 in a report on Friday, October 20th. Finally, Scotiabank upgraded shares of New Gold to a “sector perform” rating and set a C$5.00 price target for the company in a report on Friday, September 29th. Four analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. New Gold has an average rating of “Hold” and a consensus target price of C$5.00.
Shares of New Gold (NGD) traded up C$0.07 during trading on Monday, hitting C$3.99. 336,637 shares of the stock were exchanged, compared to its average volume of 1,500,901. New Gold has a 12 month low of C$3.11 and a 12 month high of C$5.79.
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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