New Gold (TSE:NGD) Price Target Raised to C$12.50 at National Bankshares

New Gold (TSE:NGD) (ARCA:NGD) had its price target upped by National Bankshares from C$11.50 to C$12.50 in a report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently commented on NGD. TD Securities increased their target price on New Gold from C$7.00 to C$7.50 and gave the company a “hold” rating in a research note on Thursday. Canaccord Genuity Group increased their target price on New Gold from C$9.00 to C$12.50 in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, New Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.49.

New Gold Stock Performance

New Gold stock opened at C$10.31 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12. The company has a market capitalization of C$8.16 billion, a P/E ratio of 51.55, a PEG ratio of -3.02 and a beta of 1.93. The stock’s 50 day moving average is C$9.21 and its 200 day moving average is C$7.18. New Gold has a twelve month low of C$3.43 and a twelve month high of C$10.59.

New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.