Canaccord Genuity Boosts New Gold (TSE:NGD) Price Target to C$1.80

New Gold (TSE:NGD) (ARCA:NGD) had its price target raised by Canaccord Genuity from C$1.10 to C$1.80 in a research note released on Friday, BayStreet.CA reports.

A number of other research analysts also recently issued reports on the company. National Bank Financial downgraded Detour Gold to a hold rating in a report on Friday, June 28th. Cormark boosted their price target on New Gold from C$1.15 to C$1.35 in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. New Gold has a consensus rating of Hold and a consensus price target of C$1.33.

Shares of TSE:NGD opened at C$1.87 on Friday. New Gold has a 1 year low of C$0.82 and a 1 year high of C$2.54. The stock has a market cap of $1.08 billion and a P/E ratio of -0.89. The company has a debt-to-equity ratio of 85.97, a quick ratio of 1.30 and a current ratio of 2.35. The firm’s 50-day simple moving average is C$1.17.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

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Analyst Recommendations for New Gold (TSE:NGD)

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