New Gold Inc. (TSE:NGD) is scheduled to release its earnings data after the market closes on Wednesday, July 27th. Analysts expect New Gold to post earnings of $0.01 per share for the quarter.
New Gold Inc. (TSE:NGD) traded up 4.29% during mid-day trading on Tuesday, reaching $5.83. 1,938,541 shares of the company traded hands. New Gold Inc. has a 52-week low of $2.52 and a 52-week high of $6.57. The stock’s market capitalization is $2.97 billion. The stock has a 50-day moving average of $5.70 and a 200 day moving average of $4.95.
Several brokerages have issued reports on NGD. National Bank Financial boosted their price target on shares of New Gold from C$6.50 to C$7.00 in a report on Wednesday, July 13th. Beacon Securities reissued a “buy” rating on shares of New Gold in a report on Wednesday, May 4th. Royal Bank Of Canada boosted their price target on shares of New Gold from C$5.35 to C$5.75 and gave the company a “sector perform” rating in a report on Thursday, April 28th. Canaccord Genuity boosted their price target on shares of New Gold from C$5.25 to C$6.00 and gave the company a “hold” rating in a report on Friday, April 29th. Finally, Desjardins lowered their price target on shares of New Gold from C$5.50 to C$5.25 in a report on Thursday, March 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$4.81.
New Gold Inc is a Canada-based intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. The Company has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada. The Company’s segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other.
