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New Gold (NYSEMKT:NGD) has been upgraded from Hold to Buy in a statement by Desjardins Securities earlier today.

Desjardins Securities has upgraded New Gold(NYSEMKT:NGD) from Hold to Buy in a statement released on 9/16/2016.

Showing a price of $4.62, New Gold (NYSEMKT:NGD) traded 3.89% higher on the day. With the last stock price up 4.91% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same period. NGD has been tracking to a 50-day average of $5.30 and two hundred day moving average of $4.46. 1,780,255 shares of NGD traded, down from ann average volume of 5,692,960

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New Gold has a 52 week low of $1.76 and a 52 week high of $6.04. New Gold’s market capitalization is presently $0.0.

In addition to Desjardins Securities reporting it’s stock price target, a total of 15 equity analysts have issued a research note on the stock. The average target stock price is $4.01 with 0 rating the company a strong buy, 0 rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and lastly 0 firmsrating the stock as sell.

Brief Synopsis About New Gold (NYSEMKT: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, and 046.78 square kilometers.

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