New Gold (TSE:NGD) PT Raised to C$2.00

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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 (TSE:NGD) (ARCA:NGD) last released its earnings results on Thursday, August 1st. The company reported C($0.01) EPS for the quarter, beating the consensus estimate of C($0.02) by C$0.01. The business had revenue of C$207.47 million for the quarter, compared to analyst estimates of C$216.59 million. Equities analysts forecast that New Gold will post 0.02 earnings per share for the current year.

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.

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