BidaskClub upgraded shares of New Gold Inc. (ARCA:NGD) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

NGD has been the subject of several other research reports. National Bank Financial reiterated an outperform rating on shares of New Gold in a report on Sunday, July 23rd. ValuEngine upgraded shares of New Gold from a sell rating to a hold rating in a report on Thursday, July 20th. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $5.75.

Shares of New Gold (NGD) opened at 3.71 on Friday. The firm has a 50-day moving average price of $3.25 and a 200 day moving average price of $3.04. New Gold has a 12-month low of $2.39 and a 12-month high of $5.70. The stock has a market cap of $2.14 billion, a PE ratio of 38.25 and a beta of 0.24.

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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.

Analyst Recommendations for New Gold (ARCA:NGD)

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