ngd.to - 'New Gold Price Target Cut to C$4.00 by Analysts at RBC Capital (NGD)
May 2nd, 2013
Analysts at RBC Capital lowered their price target on shares of New Gold (TSE: NGD) from C$5.00 to C$4.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a "sector perform" rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank cut their price target on shares of New Gold from C$14.00 to C$13.00 in a research note to investors on Friday, March 1st. They now have an "outperform" rating on the stock. Separately, analysts at CIBC cut their price target on shares of New Gold from C$15.00 to C$14.00 in a research note to investors on Thursday, February 7th. They now have a "sector perform" rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of New Gold from C$14.75 to C$14.00 in a research note to investors on Wednesday, February 6th.
Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of "Buy" and a consensus price target of C$11.00.
New Gold (TSE: NGD) traded down 1.81% on Thursday, hitting $7.61. New Gold has a 52-week low of $6.38 and a 52-week high of $12.50. The stock's 50-day moving average is currently $8.48. The company has a market cap of $3.623 billion and a price-to-earnings ratio of 18.45.'
americanbankingnews.com
... well, thought that a little rude on seeing 4.00 target, think though that they mean 'lowered from 15.00 to 14.00', typo at work, doesn't make sense otherwise with a sector perform rating |
