New Gold Inc. (TSE:NGD – Get Free Report) (ARCA:NGD) traded up 3.9% during trading on Friday . The company traded as high as C$2.71 and last traded at C$2.69. 285,762 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,441,980 shares. The stock had previously closed at C$2.59.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on NGD shares. Canaccord Genuity Group upped their target price on shares of New Gold from C$2.75 to C$3.00 in a report on Tuesday, April 23rd. Scotiabank raised New Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 21st. National Bank Financial upgraded New Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Bank of America boosted their target price on New Gold from C$1.90 to C$2.30 in a report on Tuesday, April 9th. Finally, TD Securities raised New Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, New Gold presently has a consensus rating of “Buy” and a consensus price target of C$2.76.
View Our Latest Stock Report on New Gold
New Gold Price Performance
The company has a current ratio of 1.51, a quick ratio of 1.64 and a debt-to-equity ratio of 54.32. The stock has a fifty day simple moving average of C$2.46 and a two-hundred day simple moving average of C$2.04. The company has a market cap of C$1.86 billion, a PE ratio of -19.21, a price-to-earnings-growth ratio of -3.02 and a beta of 1.60.
New Gold (TSE:NGD – Get Free Report) (ARCA:NGD) last posted its quarterly earnings results on Tuesday, April 30th. The company reported C$0.03 EPS for the quarter, beating the consensus estimate of C$0.01 by C$0.02. New Gold had a negative return on equity of 9.44% and a negative net margin of 9.81%. The business had revenue of C$258.98 million during the quarter. On average, equities analysts predict that New Gold Inc. will post 0.2190332 EPS for the current fiscal year.
New Gold Company Profile
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.
Further Reading
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.