New Gold Inc. (USA) (NYSE:NGD) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: February 17, 2017
Boasting a price of $3.17, New Gold Inc. (USA) (NYSE:NGD) traded 2.61% higher on the day. With the last stock price close down -24.35% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. New Gold Inc. (USA) has recorded a 50-day average of $3.55 and a two hundred day average of $4.16. Volume of trade was down over the average, with 471,120 shares of NGD changing hands under the typical 6,418,700
Zacks Investment Research has upgraded New Gold Inc. (USA) (NYSE:NGD) to Hold in a statement released on 2/17/2017.
With a total market value of $0, New Gold Inc. (USA) has price-earnings ratio of 157.50 with a one year low of $2.39 and a one year high of $6.04 .
A total of 15 analysts have released a report on New Gold Inc. (USA). zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $4.01.
About New Gold Inc. (USA) (NYSE:NGD)
New Gold Inc. is a Canada-based intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. The Company has operating mines in Canada, the United States, Australia and Mexico and development projects in Canada. The Company's segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. The Company's development projects include Rainy River and Blackwater projects, both in Canada. The Company's Rainy River project is a gold project situated in Richardson Township, approximately 60 kilometers northwest of Fort Frances in Northwestern Ontario. The Company's Blackwater Project is located approximately 160 kilometers southwest of the city of Prince George and over 110 kilometers southwest of the town of Vanderhoof, in Central British Columbia. Its entire Blackwater properties total approximately 230 mineral claims covering an area of over 1,046.78 square kilometers.
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