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

New Gold Inc. (TSE:NGD) has been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.11.

A number of research firms have weighed in on NGD. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of New Gold in a research report on Wednesday, June 29th. Desjardins downgraded New Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. National Bank Financial upped their price target on New Gold from C$6.50 to C$7.00 in a research report on Wednesday, July 13th. Finally, Canaccord Genuity raised New Gold from a “hold” rating to a “buy” rating and upped their price target for the stock from C$6.25 to C$7.75 in a research report on Tuesday, July 12th.

New Gold (TSE:NGD) opened at 5.14 on Tuesday. The company’s 50-day moving average is $6.20 and its 200-day moving average is $5.87. New Gold has a 12 month low of $2.56 and a 12 month high of $7.87. The company’s market cap is $2.64 billion.

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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