New Gold Inc. (NYSE:NGD – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $1.69.
Several brokerages recently issued reports on NGD. National Bank Financial raised New Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Scotiabank raised New Gold from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $2.00 to $2.25 in a research note on Tuesday. StockNews.com raised shares of New Gold from a “hold” rating to a “buy” rating in a research report on Monday. Finally, TD Securities upgraded shares of New Gold from a “sell” rating to a “hold” rating in a research report on Tuesday.
Check Out Our Latest Stock Report on New Gold
Institutional Trading of New Gold
New Gold Stock Performance
Shares of New Gold stock opened at $1.95 on Friday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -19.50 and a beta of 1.53. New Gold has a fifty-two week low of $0.86 and a fifty-two week high of $2.19. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54.
New Gold (NYSE:NGD – Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $192.10 million for the quarter. New Gold had a negative net margin of 9.81% and a positive return on equity of 5.23%. On average, research analysts anticipate that New Gold will post 0.11 EPS for the current year.
About New Gold
New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.
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