New Gold (TSE:NGD) PT Raised to C$3.00

New Gold (TSE:NGD) (ARCA:NGD) had its price objective lifted by stock analysts at Canaccord Genuity Group from C$2.75 to C$3.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 27.12% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of New Gold in a research report on Monday, April 8th. National Bankshares dropped their target price on shares of New Gold from C$2.25 to C$2.00 and set a “sector perform” rating for the company in a report on Tuesday, February 20th. Finally, Bank of America upped their price target on New Gold from C$1.90 to C$2.30 in a research note on Tuesday, April 9th.

New Gold Price Performance

New Gold stock opened at C$2.36 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.64 and a debt-to-equity ratio of 50.84. The company has a 50-day moving average price of C$2.10 and a 200 day moving average price of C$1.87. New Gold has a 12-month low of C$1.17 and a 12-month high of C$2.67. The stock has a market cap of C$1.62 billion, a P/E ratio of -19.67, a PEG ratio of -3.02 and a beta of 1.52.

New Gold (TSE:NGD) (ARCA:NGD) last released its quarterly earnings data on Tuesday, February 13th. The company reported C($0.01) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.04). New Gold had a negative net margin of 8.20% and a negative return on equity of 7.38%. The business had revenue of C$271.22 million during the quarter. Sell-side analysts anticipate that New Gold will post 0.1355088 earnings per share for the current year.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.