Are Analysts Bullish New Gold Inc. (TSE:NGD) After Last Week?

Out of 15 analysts covering New Gold Inc. (TSE:NGD), 7 rate it “Buy”, 0 “Sell”, while 11 “Hold”. This means 39% are positive. New Gold Inc. was the topic in 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Below is a list of New Gold Inc. (TSE:NGD) latest ratings and price target changes.

23/02/2016 Broker: Desjardins Securities Old Rating: Sell New Rating: Hold Upgrade
18/02/2016 Broker: National Bank Canada Rating: Sector Perform Old Target: $3.90 New Target: $4.15 Target Up
04/02/2016 Broker: JP Morgan Rating: Neutral Initiate
17/11/2015 Broker: RBC Capital Markets Rating: Outperform Maintain
30/10/2015 Broker: National Bank Canada Old Rating: Outperform New Rating: Sector Perform Downgrade
29/10/2015 Broker: Mackie Old Rating: Buy New Rating: Hold Downgrade

The stock increased 4.47% or $0.23 on April 8, hitting $5.38. About 2.34 million shares traded hands or 22.51% up from the average. New Gold Inc. (TSE:NGD) has risen 84.88% since September 2, 2015 and is uptrending. It has outperformed by 79.81% the S&P500.

New Gold Inc. is a Canada-based intermediate gold mining firm engaged in the development and operation of mineral properties. The company has a market cap of $2.84 billion. The Company’s assets include New Afton Mine in Canada, which is an underground gold‐copper deposit; the Mesquite Mine in the United States, which is an open pit mine; the Peak Mines in Australia, which is an underground gold‐copper deposit, and the Cerro San Pedro Mine in Mexico, which is a gold‐silver, open pit mine. It currently has negative earnings. The Firm projects include the Rainy River and Blackwater projects, both in Canada, and a 30% interest in the El Morro copper‐gold project in Chile.

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