New Gold Inc. (ARCA:NGD) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday, July 20th.
Shares of New Gold (ARCA NGD) traded up 4.53% during mid-day trading on Thursday, reaching $3.23. 3,883,121 shares of the company’s stock were exchanged. The stock has a market cap of $1.86 billion, a PE ratio of 33.30 and a beta of 0.23. New Gold has a one year low of $2.39 and a one year high of $6.04. The company has a 50 day moving average price of $3.03 and a 200-day moving average price of $3.08.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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