New Gold Inc. (NGD) Upgraded to Strong-Buy by BidaskClub
BidaskClub upgraded shares of New Gold Inc. (ARCA:NGD) from a buy rating to a strong-buy rating in a research note published on Saturday morning.
Several other research firms have also weighed in on NGD. ValuEngine raised shares of New Gold from a sell rating to a hold rating in a research note on Thursday, July 20th. National Bank Financial reissued an outperform rating on shares of New Gold in a research note on Sunday, July 23rd. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. New Gold has an average rating of Hold and an average price target of $5.75.
Shares of New Gold (ARCA:NGD) remained flat at $3.49 on Friday. The company had a trading volume of 2,226,802 shares. The stock’s 50 day moving average price is $3.25 and its 200-day moving average price is $3.04. New Gold has a one year low of $2.39 and a one year high of $5.70. The firm has a market cap of $2.01 billion, a P/E ratio of 35.98 and a beta of 0.24.
WARNING: This article was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://theolympiareport.com/2017/08/27/new-gold-inc-ngd-upgraded-to-strong-buy-by-bidaskclub.html.
About New Gold
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.
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 Analyst Ratings Network's FREE daily email newsletter.