New Gold (NGD) PT Lowered to C$5.00

New Gold (TSE:NGD) (ARCA:NGD) had its price target trimmed by Eight Capital from C$5.50 to C$5.00 in a research report report published on Thursday.

A number of other research analysts have also weighed in on the company. Laurentian Bank of Canada reissued a buy rating and issued a C$4.75 price objective on shares of New Gold in a report on Tuesday, December 19th. Canaccord Genuity raised New Gold from a hold rating to a buy rating and increased their price objective for the company from C$4.75 to C$5.75 in a report on Friday, October 20th. Desjardins reissued a sell rating on shares of New Gold in a report on Monday, December 11th. Laurentian set a C$4.75 price objective on New Gold and gave the company a buy rating in a report on Tuesday, December 19th. Finally, Scotiabank raised New Gold to a sector perform rating and set a C$5.00 price objective on the stock in a report on Friday, September 29th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. New Gold has an average rating of Hold and a consensus target price of C$4.94.

New Gold (NGD) opened at C$3.88 on Thursday. New Gold has a 1 year low of C$3.11 and a 1 year high of C$5.79. The stock has a market capitalization of $2,230.00, a PE ratio of 32.33 and a beta of -0.28.

New Gold (TSE:NGD) (ARCA:NGD) last announced its quarterly earnings data on Wednesday, October 25th. The company reported C$0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.01. New Gold had a return on equity of 5.05% and a net margin of 20.49%.

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New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.

Analyst Recommendations for New Gold (TSE:NGD)

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