Royal Bank Of Canada reiterated their sector perform rating on shares of New Gold Inc. (TSE:NGD) in a research report sent to investors on Friday morning.

Several other equities analysts have also commented on NGD. Desjardins lowered shares of New Gold from a buy rating to a hold rating in a research report on Wednesday, September 7th. National Bank Financial increased their price objective on shares of New Gold from C$6.50 to C$7.00 in a research report on Wednesday, July 13th. Finally, Canaccord Genuity upgraded shares of New Gold from a hold rating to a buy rating and increased their price objective for the company from C$6.25 to C$7.75 in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of C$5.18.

Analyst Recommendations for New Gold (TSE:NGD)

Shares of New Gold (TSE:NGD) traded down 2.10% during midday trading on Friday, hitting $5.14. 1,733,067 shares of the stock were exchanged. The firm has a 50 day moving average of $6.20 and a 200-day moving average of $5.87. The stock’s market cap is $2.64 billion. New Gold has a 12 month low of $2.56 and a 12 month high of $7.87.

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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