1 day Ago By ABMN Staff
New Gold ( NYSE:NGD – Get Free Report ) had its price target increased by stock analysts at Scotiabank from $2.75 to $3.25 in a research report issued on Tuesday, Benzinga reports.
The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 8.70% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. TD Securities raised shares of New Gold from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. CIBC lifted their price target on shares of New Gold from $3.
00 to $3.40 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. StockNews.
com lowered shares of New Gold from a “buy” rating to a “hold” rating in a report on Friday, September 13th. BMO Capital Markets started coverage on shares of New Gold in a report on Friday, May 31st. They set an “outperform” rating and a $3.
50 target price on the stock. Finally, Royal Bank of Canada boosted their target price on shares of New Gold from $3.00 to $3.
50 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.
74. Get Our Latest Research Report on NGD New Gold Trading Down 2.0 % New Gold ( NYSE:NGD – Get Free Report ) last issued its earnings results on Tuesday, July 30th.
The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.
01. The company had revenue of $218.20 million during the quarter.
New Gold had a negative net margin of 2.53% and a positive return on equity of 5.22%.
On average, research analysts predict that New Gold will post 0.14 EPS for the current fiscal year. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently modified their holdings of the company.
Scientech Research LLC acquired a new position in shares of New Gold in the 2nd quarter worth approximately $28,000. Coppell Advisory Solutions Corp. acquired a new position in shares of New Gold in the 1st quarter worth approximately $30,000.
Rathbones Group PLC acquired a new position in shares of New Gold in the 2nd quarter worth approximately $36,000. Moloney Securities Asset Management LLC acquired a new position in shares of New Gold during the 1st quarter valued at $42,000. Finally, Morton Capital Management LLC CA lifted its position in shares of New Gold by 23.
3% during the 2nd quarter. Morton Capital Management LLC CA now owns 26,494 shares of the company’s stock valued at $52,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 42.
82% of the company’s stock. New Gold Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for New Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold and related companies with MarketBeat.com's FREE daily email newsletter .
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