New Gold (TSE:NGD) Sets New 1-Year High at $1.39

New Gold Inc. (TSE:NGD) (ARCA:NGD) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$1.39 and last traded at C$1.38, with a volume of 113998 shares changing hands. The stock had previously closed at C$1.35.

Analyst Upgrades and Downgrades

Separately, National Bankshares lowered their price objective on New Gold from C$2.00 to C$1.75 in a research note on Friday, July 28th.

New Gold Stock Performance

The firm’s 50-day simple moving average is C$1.46 and its two-hundred day simple moving average is C$1.52. The company has a current ratio of 1.71, a quick ratio of 1.64 and a debt-to-equity ratio of 45.21. The stock has a market capitalization of C$924.08 million, a PE ratio of -12.27, a PEG ratio of -3.02 and a beta of 1.67.

New Gold (TSE:NGD) (ARCA:NGD) last released its quarterly earnings results on Wednesday, July 26th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$247.70 million for the quarter. New Gold had a negative net margin of 7.93% and a negative return on equity of 5.89%. On average, equities research analysts expect that New Gold Inc. will post 0.0818182 earnings per share for the current fiscal year.

About New Gold

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; New Afton mine situated in British Columbia, Canada; and the Cerro San Pedro mine in San Luis Potosí, Mexico.