New Gold (NYSE:NGD) Stock Price Up 5.9%

New Gold Inc. (NYSE:NGDGet Rating)’s stock price rose 5.9% on Friday . The stock traded as high as $0.89 and last traded at $0.89. Approximately 2,426,320 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 2,970,581 shares. The stock had previously closed at $0.84.

Analysts Set New Price Targets

Separately, assumed coverage on shares of New Gold in a research report on Thursday. They issued a “hold” rating on the stock.

New Gold Price Performance

The company has a market capitalization of $607.67 million, a P/E ratio of -8.90, a P/E/G ratio of 2.16 and a beta of 1.49. The business’s 50-day simple moving average is $1.00 and its 200 day simple moving average is $0.95. The company has a current ratio of 2.20, a quick ratio of 1.53 and a debt-to-equity ratio of 0.41.

New Gold Company Profile

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New Gold, Inc is a gold mining company, which engages in the operation, development and exploration of mineral properties. Its portfolio includes Rainy RIver, New Afton, and Cerro San Pedro. The company was founded on January 31, 1980 and is headquartered in Toronto, Canada.

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