Laurentian Bank of Canada reissued their buy rating on shares of New Gold (TSE:NGD) (ARCA:NGD) in a research note released on Tuesday morning, StockTargetPrices.com reports. Laurentian Bank of Canada currently has a C$4.75 price objective on the stock.
Other research analysts also recently issued reports about the company. Canaccord Genuity lifted their price target on New Gold from C$4.25 to C$4.75 in a report on Friday, September 29th. Scotiabank upgraded New Gold to a sector perform rating and set a C$5.00 price target on the stock in a report on Friday, September 29th. Desjardins reiterated a sell rating on shares of New Gold in a report on Monday, December 11th. Laurentian set a C$4.75 price target on New Gold and gave the company a buy rating in a report on Tuesday. Finally, Eight Capital reiterated a buy rating on shares of New Gold in a report on Thursday, November 16th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of C$4.95.
New Gold (TSE:NGD) opened at C$4.17 on Tuesday. New Gold has a fifty-two week low of C$3.11 and a fifty-two week high of C$5.79.
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New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.
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