New Gold Inc. (TSE:NGD) Given Consensus Rating of “Hold” by Analysts

New Gold Inc. (TSE:NGD – Get Rating) (ARCA:NGD) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$2.49.

A number of research analysts recently commented on NGD shares. Canaccord Genuity Group raised New Gold from a “hold” rating to a “buy” rating and increased their price target for the company from C$2.25 to C$3.00 in a report on Friday, April 22nd. National Bankshares reduced their price target on New Gold from C$2.75 to C$2.50 in a report on Wednesday, April 20th. Finally, BMO Capital Markets reduced their price target on New Gold from C$3.50 to C$3.25 in a report on Thursday, February 24th.

Shares of TSE NGD traded up C$0.07 on Tuesday, hitting C$1.86. The company had a trading volume of 343,093 shares, compared to its average volume of 1,730,362. New Gold has a 12-month low of C$1.29 and a 12-month high of C$2.68. The business has a 50 day moving average of C$2.21 and a two-hundred day moving average of C$2.05. The company has a quick ratio of 3.30, a current ratio of 3.97 and a debt-to-equity ratio of 53.49. The firm has a market capitalization of C$1.27 billion and a P/E ratio of 7.11.

New Gold (TSE:NGD – Get Rating) (ARCA:NGD) last issued its earnings results on Wednesday, February 23rd. The company reported C$0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.05. The company had revenue of C$255.43 million during the quarter. On average, sell-side analysts anticipate that New Gold will post 0.24 earnings per share for the current year.

About New Gold (Get Rating)

New Gold Inc, an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada.

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