Brokerages Set New Gold Inc. (NGD) Price Target at $7.05

Shares of New Gold Inc. (ARCA:NGD) have received an average rating of “Hold” from the eight analysts that are covering the company, reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.05.

Separately, ValuEngine lowered shares of New Gold from a “hold” rating to a “sell” rating in a report on Wednesday, June 7th.

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Shares of New Gold (ARCA NGD) traded down 1.34% on Wednesday, reaching $2.94. 46,535,484 shares of the company’s stock traded hands. The company has a market cap of $1.69 billion, a PE ratio of 105.00 and a beta of 0.30. The stock has a 50-day moving average price of $2.92 and a 200-day moving average price of $3.19. New Gold has a 12-month low of $2.39 and a 12-month high of $6.04.

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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