New Gold (TSE:NGD) Given New C$3.00 Price Target at Canaccord Genuity Group

New Gold (TSE:NGD) (ARCA:NGD) had its target price lifted by Canaccord Genuity Group from C$2.75 to C$3.00 in a research note published on Tuesday, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. Bank of America increased their price target on shares of New Gold from C$1.90 to C$2.30 in a report on Tuesday, April 9th. National Bankshares cut their price target on shares of New Gold from C$2.25 to C$2.00 and set a sector perform rating on the stock in a report on Tuesday, February 20th. Finally, National Bank Financial reiterated a sector perform spec overwgt rating on shares of New Gold in a report on Monday, April 8th.

New Gold Stock Performance

Shares of New Gold stock opened at C$2.49 on Tuesday. The firm has a market capitalization of C$1.71 billion, a P/E ratio of -20.75, a PEG ratio of -3.02 and a beta of 1.52. The company has a quick ratio of 1.64, a current ratio of 1.54 and a debt-to-equity ratio of 50.84. The company has a 50 day moving average price of C$2.13 and a 200 day moving average price of C$1.88. New Gold has a 52 week low of C$1.17 and a 52 week high of C$2.67.

New Gold (TSE:NGD) (ARCA:NGD) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.04). The company had revenue of C$271.22 million during the quarter. New Gold had a negative net margin of 8.20% and a negative return on equity of 7.38%. Sell-side analysts expect that New Gold will post 0.1355088 EPS for the current year.

New Gold Company Profile

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.