TD Securities upgraded shares of New Gold (NYSE: NGD) from a hold rating to a buy rating in a research report sent to investors on Monday morning. The firm currently has $13.00 price target on the stock.
Shares of New Gold opened at 8.63 on Monday. New Gold has a 52 week low of $7.13 and a 52 week high of $12.84. The stock’s 50-day moving average is currently $9.73. The company has a market cap of $4.040 billion and a P/E ratio of 20.55.
A number of other firms have also recently commented on NGD. Analysts at TheStreet downgraded shares of New Gold from a buy rating to a hold rating in a research note to investors on Monday, February 25th. Analysts at BMO Capital Markets cut their price target on shares of New Gold from $15.00 to $13.00 in a research note to investors on Wednesday, February 6th. They now have an outperform rating on the stock.
Eleven investment analysts have rated the stock with a buy rating, one has given an overweight rating, and one has given a hold rating to the company. The company has an average rating of buy and an average price target of $14.74.
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