New Gold Inc. (TSE:NGD)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report released on Friday, StockTargetPrices.com reports.
A number of other research analysts also recently weighed in on NGD. Canaccord Genuity raised New Gold from a “hold” rating to a “buy” rating and increased their target price for the company from C$6.25 to C$7.75 in a report on Tuesday, July 12th. National Bank Financial increased their target price on New Gold from C$6.50 to C$7.00 in a report on Wednesday, July 13th. Finally, Desjardins downgraded New Gold from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$5.18.
New Gold (TSE:NGD) opened at 5.44 on Friday. The company’s market cap is $2.79 billion. New Gold has a 12-month low of $2.56 and a 12-month high of $7.87. The firm’s 50-day moving average is $6.26 and its 200 day moving average is $5.87.
New Gold Company Profile
New Gold Inc is a Canada-based intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. The Company has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada. The Company’s segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other.
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