New Gold (TSE:NGD) (ARCA:NGD) had its price objective boosted by National Bank Financial from C$2.60 to C$3.30 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Separately, Eight Capital raised their target price on New Gold from C$1.85 to C$2.20 in a research note on Friday, July 31st.
NGD opened at C$2.07 on Monday. New Gold has a twelve month low of C$0.55 and a twelve month high of C$2.33. The firm has a market cap of $1.47 billion and a price-to-earnings ratio of -13.44. The company has a current ratio of 5.06, a quick ratio of 4.39 and a debt-to-equity ratio of 132.76. The company has a fifty day simple moving average of C$2.01 and a 200 day simple moving average of C$1.43.
About New Gold
New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.
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