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.

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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.

Analyst Recommendations for New Gold (ARCA:NGD)

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