New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD has been given a consensus recommendation of "Buy" by the nine ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$4.34.
A number of brokerages recently commented on NGD. National Bank Financial upgraded New Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and raised their target price for the company from C$3.65 to C$5.45 in a research report on Wednesday.
Get Our Latest Stock Report on NGD
New Gold Stock Up 0.2 %
Shares of NGD traded up C$0.01 during trading hours on Tuesday, reaching C$5.18. 1,937,195 shares of the stock traded hands, compared to its average volume of 1,655,764. New Gold has a 52 week low of C$2.26 and a 52 week high of C$5.39. The company has a market cap of C$2.85 billion, a price-to-earnings ratio of 141.76, a PEG ratio of -3.02 and a beta of 1.59. The stock has a fifty day simple moving average of C$4.29 and a 200 day simple moving average of C$4.00. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12.
Insider Transactions at New Gold
In related news, Senior Officer Keith Murphy sold 41,863 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total transaction of C$179,592.27. 4.92% of the stock is owned by corporate insiders.
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.
Further Reading
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