Shares of New Gold Inc. (TSE:NGD) have received a consensus recommendation of “Hold” from the thirteen research firms that are currently 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 1 year price objective among brokerages that have covered the stock in the last year is C$5.34.

NGD has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of New Gold in a report on Wednesday, June 29th. Canaccord Genuity raised 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 report on Tuesday, July 12th. National Bank Financial lifted their price target on New Gold from C$6.50 to C$7.00 in a report on Wednesday, July 13th. Finally, Desjardins cut New Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th.

New Gold (TSE:NGD) opened at 5.25 on Tuesday. New Gold has a 12 month low of $2.56 and a 12 month high of $7.87. The firm’s 50-day moving average price is $6.26 and its 200-day moving average price is $5.87. The stock’s market cap is $2.69 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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