Royal Bank Of Canada reissued their sector perform rating on shares of New Gold Inc. (TSE:NGD) in a research report report published on Friday, StockTargetPrices.com reports.
A number of other equities research analysts also recently weighed in on NGD. Canaccord Genuity upgraded shares of New Gold from a hold rating to a buy rating and lifted their price target for the stock from C$6.25 to C$7.75 in a research note on Tuesday, July 12th. National Bank Financial lifted their price target on shares of New Gold from C$6.50 to C$7.00 in a research note on Wednesday, July 13th. Finally, Desjardins downgraded shares of New Gold from a buy rating to a hold rating in a research note on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. New Gold presently has a consensus rating of Hold and an average target price of C$5.18.
New Gold (TSE:NGD) opened at 5.20 on Friday. The company’s market cap is $2.67 billion. New Gold has a 12 month low of $2.56 and a 12 month high of $7.87. The company has a 50-day moving average of $6.06 and a 200-day moving average of $5.89.
New Gold Company Profile
New Gold Inc is a Canada-based intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. The Company has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada. The Company’s segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other.
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