New Gold Inc. (TSE:NGD – Get Rating) (ARCA:NGD) shares rose 3.1% during trading on Tuesday . The company traded as high as C$1.35 and last traded at C$1.34. Approximately 135,700 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,599,980 shares. The stock had previously closed at C$1.30.
Analyst Upgrades and Downgrades
NGD has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price target on New Gold from C$1.75 to C$1.60 in a research report on Thursday, October 20th. National Bankshares upped their price target on New Gold from C$1.40 to C$1.50 and gave the stock a “sector perform” rating in a research report on Thursday, October 13th. Royal Bank of Canada upgraded New Gold to a “buy” rating and set a C$1.25 price target for the company in a research report on Monday, October 3rd. Cormark upped their price target on New Gold from C$1.00 to C$1.30 in a research report on Monday, October 3rd. Finally, BMO Capital Markets reduced their price target on New Gold from C$3.00 to C$2.00 in a research report on Wednesday, July 13th.
New Gold Stock Performance
The stock has a market cap of C$934.75 million and a P/E ratio of 6.85. The company has a quick ratio of 1.63, a current ratio of 2.25 and a debt-to-equity ratio of 38.97. The business has a 50 day moving average price of C$1.17 and a two-hundred day moving average price of C$1.30.
Insider Transactions at New Gold
About New Gold
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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