New Gold (TSE:NGD) Receives Sector Perform Spec Overwgt Rating from National Bank Financial

National Bank Financial reissued their sector perform spec overwgt rating on shares of New Gold (TSE:NGD) (ARCA:NGD) in a research report sent to investors on Monday.

A number of other research firms have also weighed in on NGD. Bank of America boosted their target price on New Gold from C$1.90 to C$2.30 in a research note on Tuesday. National Bankshares lowered their price target on New Gold from C$2.25 to C$2.00 and set a sector perform rating for the company in a research report on Tuesday, February 20th.

New Gold Trading Up 1.6 %

TSE NGD opened at C$2.52 on Monday. New Gold has a 1-year low of C$1.17 and a 1-year high of C$2.55. The company has a current ratio of 1.54, a quick ratio of 1.64 and a debt-to-equity ratio of 50.84. The stock has a 50-day moving average of C$1.98 and a 200-day moving average of C$1.80. The firm has a market cap of C$1.73 billion, a PE ratio of -21.00, a price-to-earnings-growth ratio of -3.02 and a beta of 1.52.

New Gold (TSE:NGD) (ARCA:NGD) last released its earnings results on Tuesday, February 13th. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.04). New Gold had a negative net margin of 8.20% and a negative return on equity of 7.38%. The company had revenue of C$271.22 million during the quarter. As a group, sell-side analysts forecast that New Gold will post 0.1355088 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.