New Gold (TSE:NGD) Trading Down 3.6%

New Gold Inc (TSE:NGD) (ARCA:NGD) dropped 3.6% during mid-day trading on Thursday . The stock traded as low as C$1.34 and last traded at C$1.34, approximately 117,043 shares were traded during trading. A decline of 92% from the average daily volume of 1,481,282 shares. The stock had previously closed at C$1.39.

NGD has been the topic of several recent analyst reports. Canaccord Genuity boosted their price objective on New Gold from C$1.40 to C$1.60 in a report on Wednesday. BMO Capital Markets lowered their target price on New Gold from C$2.00 to C$1.50 in a research note on Wednesday, December 18th. Finally, National Bank Financial lowered their target price on New Gold from C$1.50 to C$1.30 and set a “sector perform” rating on the stock in a research note on Monday, November 18th.

The company has a quick ratio of 1.10, a current ratio of 1.80 and a debt-to-equity ratio of 79.49. The firm has a market capitalization of $827.67 million and a P/E ratio of -0.99. The stock has a fifty day moving average of C$1.15 and a 200-day moving average of C$1.38.

New Gold (TSE:NGD) (ARCA:NGD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$222.33 million during the quarter. Sell-side analysts predict that New Gold Inc will post 0.02 EPS for the current fiscal year.

New Gold Company Profile (TSE:NGD)

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 Rainy River project located in Ontario, Canada; the New Afton project located near Kamloops, British Columbia, Canada; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

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