New Gold Inc. (NGD) Cut to Buy at BidaskClub

BidaskClub downgraded shares of New Gold Inc. (ARCA:NGD) from a strong-buy rating to a buy rating in a research report released on Tuesday, October 17th.

A number of other research firms also recently weighed in on NGD. ValuEngine raised shares of New Gold from a sell rating to a hold rating in a research report on Thursday, July 20th. National Bank Financial reiterated an outperform rating on shares of New Gold in a research note on Sunday, July 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold.

Shares of New Gold (ARCA:NGD) traded up $0.09 during mid-day trading on Tuesday, hitting $3.38. 1,700,000 shares of the stock traded hands, compared to its average volume of 4,770,000. The company has a market capitalization of $1,950.00, a P/E ratio of 65.80, a price-to-earnings-growth ratio of 12.74 and a beta of 0.11. New Gold has a 52 week low of $2.39 and a 52 week high of $4.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.28 and a quick ratio of 1.38.

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New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.

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