NGD has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of New Gold from a “buy” rating to a “hold” rating in a research note to investors on Monday, February 25th. Analysts at BMO Capital Markets cut their price target on shares of New Gold from $15.00 to $13.00 in a research note to investors on Wednesday, February 6th. They now have an “outperform” rating on the stock.
Ten analysts have rated the stock with a buy rating, one has given an overweight rating, and two have issued a hold rating to the company’s stock. New Gold currently has a consensus rating of “buy” and an average price target of $14.88.
Shares of New Gold opened at 9.26 on Monday. New Gold has a 52 week low of $7.13 and a 52 week high of $12.84. The stock’s 50-day moving average is currently $9.86. The company has a market cap of $4.335 billion and a P/E ratio of 22.05.
New Gold last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.02. The company had revenue of $250.90 million for the quarter, compared to the consensus estimate of $289.91 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. On average, analysts predict that New Gold will post $0.55 earnings per share for the current fiscal year.
New Gold Inc. (New Gold) is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada, Chile and Brazil.
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