New Gold (NYSE:NGD) Trading Up 7.8%

New Gold Inc. (NYSE:NGDGet Rating) shares were up 7.8% on Tuesday . The company traded as high as $1.18 and last traded at $1.18. Approximately 33,645 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 2,710,159 shares. The stock had previously closed at $1.09.

Wall Street Analysts Forecast Growth

Separately, assumed coverage on New Gold in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

New Gold Trading Down 5.0 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 2.25. The business has a fifty day simple moving average of $0.94 and a 200 day simple moving average of $0.97. The stock has a market capitalization of $770.97 million, a price-to-earnings ratio of 8.07 and a beta of 1.33.

New Gold (NYSE:NGDGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). New Gold had a return on equity of 0.50% and a net margin of 15.68%. The firm had revenue of $151.20 million for the quarter. As a group, research analysts expect that New Gold Inc. will post -0.06 EPS for the current year.

New Gold Company Profile

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New Gold Inc, an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada.

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