New Gold Inc. (NGD) Downgraded by BidaskClub
New Gold Inc. (ARCA:NGD) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of New Gold from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. National Bank Financial reiterated an “outperform” rating on shares of New Gold in a research report on Sunday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. New Gold currently has an average rating of “Hold” and an average target price of $5.13.
New Gold (NGD) traded up 0.27% during midday trading on Friday, hitting $3.69. The stock had a trading volume of 3,044,083 shares. The firm has a market capitalization of $2.13 billion, a P/E ratio of 38.04 and a beta of 0.19. New Gold has a 52-week low of $2.39 and a 52-week high of $4.99. The firm has a 50-day moving average of $3.63 and a 200 day moving average of $3.15.
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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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