National Bank Financial Raises New Gold (TSE:NGD) Price Target to C$1.35

New Gold (TSE:NGD) (ARCA:NGD) had its price objective raised by National Bank Financial from C$1.15 to C$1.35 in a research report report published on Friday, June 28th, Stock Target Advisor reports. The brokerage currently has a sector perform rating on the stock.

NGD has been the subject of several other reports. Canaccord Genuity reduced their price objective on Trevali Mining from C$0.75 to C$0.65 in a research note on Monday, April 15th. Cormark increased their price objective on New Gold from C$1.15 to C$1.35 in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of C$1.33.

New Gold stock traded up C$0.03 during mid-day trading on Friday, hitting C$1.87. The company’s stock had a trading volume of 2,076,900 shares, compared to its average volume of 1,521,061. The stock’s 50 day moving average is C$1.17. The firm has a market cap of $1.08 billion and a P/E ratio of -0.89. The company has a current ratio of 2.35, a quick ratio of 1.30 and a debt-to-equity ratio of 85.97. New Gold has a 52-week low of C$0.82 and a 52-week high of C$2.54.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

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