New Gold (NYSE:NGD) Shares Gap Down to $1.19

Shares of New Gold Inc. (NYSE:NGDGet Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $1.19, but opened at $1.16. New Gold shares last traded at $1.10, with a volume of 34,926 shares trading hands.

Analyst Upgrades and Downgrades

Separately, began coverage on New Gold in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

New Gold Trading Down 5.0 %

The company has a current ratio of 2.25, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $0.95 and a 200 day moving average of $0.97. The company has a market cap of $770.98 million, a P/E ratio of 8.07 and a beta of 1.33.

New Gold (NYSE:NGDGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). New Gold had a return on equity of 0.50% and a net margin of 15.68%. The company had revenue of $151.20 million for the quarter. On average, analysts predict that New Gold Inc. will post -0.06 earnings per share for the current fiscal 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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