Shares of New Gold Inc. (TSE:NGD) (ARCA:NGD) have received an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$5.14.
Several equities research analysts have issued reports on NGD shares. Laurentian Bank of Canada reissued a “buy” rating and issued a C$4.75 price target on shares of New Gold in a report on Tuesday, December 19th. Canaccord Genuity raised shares of New Gold from a “hold” rating to a “buy” rating and boosted their price target for the company from C$4.75 to C$5.75 in a report on Friday, October 20th. Desjardins reissued a “sell” rating on shares of New Gold in a report on Monday, December 11th. Eight Capital reissued a “buy” rating on shares of New Gold in a report on Thursday, November 16th. Finally, 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.
New Gold (NGD) traded down C$0.26 during trading hours on Friday, reaching C$3.24. 904,762 shares of the company traded hands, compared to its average volume of 1,150,296. The firm has a market cap of $1,890.00, a PE ratio of 27.17 and a beta of -0.27. New Gold has a 1 year low of C$3.21 and a 1 year high of C$5.16.
About New Gold
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.
Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter.