New Gold Inc. (NYSE:NGD) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, ARN reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $3.45.

Several equities research analysts recently issued reports on the company. Barclays reiterated a “hold” rating and issued a $3.50 price objective (down from $4.00) on shares of New Gold in a report on Tuesday, October 27th. Zacks Investment Research cut New Gold from a “buy” rating to a “hold” rating in a report on Friday, October 30th. RBC Capital reiterated an “outperform” rating on shares of New Gold in a report on Tuesday, November 17th. National Bank Financial reiterated a “sector perform” rating on shares of New Gold in a report on Sunday, November 1st. Finally, Mackie reiterated a “hold” rating on shares of New Gold in a report on Saturday, October 31st.

New Gold (NYSE:NGD) opened at 2.43 on Thursday. New Gold has a 1-year low of $1.76 and a 1-year high of $4.40. The company’s market cap is $1.24 billion. The stock’s 50 day moving average price is $2.26 and its 200-day moving average price is $2.35.

New Gold Inc. is a Canada-based intermediate gold mining company engaged in the development and operation of mineral properties. 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. The Company projects include the Rainy River and Blackwater projects, both in Canada, and a 30% interest in the El Morro copper‐gold project in Chile. Approximately 28% of the Company’s gold revenue is generated from Canada, 28% from the United States, 26% from Australia and 18% from Mexico, and over 70% of its gold reserves are located in Canada.

12 Month Chart for NYSE:NGD

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for New Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.