New Gold (NGD) Price Target Cut to C$4.50 by Analysts at Eight Capital

New Gold (TSE:NGD) (ARCA:NGD) had its target price cut by Eight Capital from C$4.75 to C$4.50 in a research report sent to investors on Thursday.

Separately, Canaccord Genuity decreased their price target on New Gold from C$5.75 to C$5.50 in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of C$5.25.

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Shares of TSE NGD opened at C$3.12 on Thursday. New Gold has a 1 year low of C$2.85 and a 1 year high of C$5.16.

New Gold (TSE:NGD) (ARCA:NGD) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.02. The company had revenue of C$245.76 million during the quarter. New Gold had a negative return on equity of 32.21% and a negative net margin of 92.82%.

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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 New Afton project located near Kamloops, British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

Analyst Recommendations for New Gold (TSE:NGD)

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