New Gold Inc. (TSE:NGD) Given Consensus Recommendation of “Buy” by Brokerages

Shares of New Gold Inc. (TSE:NGD) (ARCA:NGD) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$3.71.

Separately, National Bank Financial raised New Gold to a “strong-buy” rating in a research note on Friday.

New Gold Price Performance

Shares of NGD opened at C$4.63 on Tuesday. New Gold has a one year low of C$2.12 and a one year high of C$4.96. The firm has a market cap of C$2.55 billion, a P/E ratio of 126.70, a PEG ratio of -3.02 and a beta of 1.59. The company has a 50-day moving average price of C$4.22. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42.

Insider Activity at New Gold

In related news, Senior Officer Keith Murphy sold 41,863 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total value of C$179,592.27. 4.92% of the stock is owned by insiders.

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.