New Gold Inc. (TSE:NGD) (ARCA:NGD)’s share price reached a new 52-week low on Monday . The company traded as low as C$3.02 and last traded at C$3.10, with a volume of 376331 shares. The stock had previously closed at C$3.10.
A number of research firms recently weighed in on NGD. Eight Capital lowered their price objective on shares of New Gold from C$5.50 to C$5.00 in a research report on Thursday, January 18th. Desjardins reaffirmed a “sell” rating on shares of New Gold in a research report on Monday, December 11th. Laurentian Bank of Canada reaffirmed a “buy” rating and set a C$4.75 price objective on shares of New Gold in a research report on Tuesday, December 19th. Laurentian set a C$4.75 price objective on shares of New Gold and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Canaccord Genuity decreased their price target on shares of New Gold from C$5.75 to C$5.50 in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$5.29.
The stock has a market cap of $1,800.00, a PE ratio of -14.18 and a beta of -0.13.
New Gold Company Profile
New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.
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