Research Analysts’ Weekly Ratings Updates for New Gold (NGD)

Several analysts have recently updated their ratings and price targets for New Gold (TSE: NGD):

  • 6/3/2024 – New Gold was upgraded by analysts at Cibc World Mkts to a “strong-buy” rating.
  • 6/3/2024 – New Gold was upgraded by analysts at CIBC from a “neutral” rating to an “outperform” rating. They now have a C$3.00 price target on the stock, up previously from C$2.10.
  • 5/31/2024 – New Gold had its price target raised by analysts at BMO Capital Markets from C$3.00 to C$3.50. They now have an “outperform” rating on the stock.
  • 5/21/2024 – New Gold was upgraded by analysts at Scotiabank from a “hold” rating to a “strong-buy” rating.
  • 5/21/2024 – New Gold was upgraded by analysts at National Bankshares, Inc. from a “sector perform” rating to an “outperform” rating. They now have a C$3.50 price target on the stock, up previously from C$3.25.
  • 5/21/2024 – New Gold was upgraded by analysts at TD Securities from a “strong sell” rating to a “hold” rating.
  • 5/17/2024 – New Gold was upgraded by analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating.
  • 4/23/2024 – New Gold had its price target raised by analysts at Canaccord Genuity Group Inc. from C$2.75 to C$3.00.
  • 4/9/2024 – New Gold had its price target raised by analysts at Bank of America Co. from C$1.90 to C$2.30.
  • 4/8/2024 – New Gold had its “sector perform spec overwgt” rating reaffirmed by analysts at National Bank Financial.

New Gold Stock Up 4.3 %

Shares of NGD opened at C$2.93 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.64 and a debt-to-equity ratio of 54.32. New Gold Inc. has a 12 month low of C$1.17 and a 12 month high of C$3.15. The stock’s 50 day moving average is C$2.56 and its two-hundred day moving average is C$2.11. The firm has a market cap of C$2.02 billion, a P/E ratio of -20.93, a PEG ratio of -3.02 and a beta of 1.60.

New Gold (TSE:NGDGet Free Report) (ARCA:NGD) last issued its quarterly earnings data on Tuesday, April 30th. The company reported C$0.03 EPS for the quarter, beating the consensus estimate of C$0.01 by C$0.02. New Gold had a negative return on equity of 9.44% and a negative net margin of 9.81%. The company had revenue of C$258.98 million for the quarter. Analysts predict that New Gold Inc. will post 0.2190332 earnings per share for the current fiscal year.

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.

Featured Articles

Receive News & Ratings for New Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.