New Gold (TSE:NGD) (ARCA:NGD) had its price objective upped by BMO Capital Markets from C$1.50 to C$2.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.
Several other analysts have also commented on NGD. Cormark increased their target price on shares of New Gold from C$1.15 to C$1.35 in a research note on Thursday, June 27th. Canaccord Genuity increased their target price on shares of New Gold from C$1.10 to C$1.80 in a research note on Friday, July 19th. Finally, National Bank Financial increased their target price on shares of New Gold from C$1.35 to C$2.00 and gave the company a sector perform rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. New Gold has an average rating of Hold and a consensus price target of C$1.49.
NGD stock opened at C$1.63 on Friday. New Gold has a 12 month low of C$0.82 and a 12 month high of C$2.03. The firm has a market capitalization of $943.93 million and a price-to-earnings ratio of -0.78. The company’s 50 day simple moving average is C$1.47. The company has a current ratio of 2.35, a quick ratio of 1.30 and a debt-to-equity ratio of 85.97.
New Gold Company Profile
New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.
Further Reading: Understanding the different types of bonds
Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter.