New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD has received an average recommendation of "Buy" from the nine ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and three have assigned a strong 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$4.34.
Several research analysts have weighed in on the company. Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and increased their price objective for the stock from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a report on Friday, March 21st.
View Our Latest Analysis on New Gold
Insider Buying and Selling at New Gold
In other news, Senior Officer Keith Murphy sold 41,863 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total value of C$179,592.27. Insiders own 4.92% of the company's stock.
New Gold Stock Performance
Shares of NGD stock traded down C$0.04 during midday trading on Friday, hitting C$4.78. 2,043,700 shares of the company were exchanged, compared to its average volume of 1,836,328. New Gold has a 52 week low of C$2.30 and a 52 week high of C$5.39. The firm has a market capitalization of C$2.63 billion, a P/E ratio of 130.81, a PEG ratio of -3.02 and a beta of 1.59. The firm's 50 day moving average price is C$4.54 and its two-hundred day moving average price is C$4.14. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42.
New Gold Company Profile
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Get Free ReportNew Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.
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