News coverage about New Gold (NYSE:NGD) (TSE:NGD) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. New Gold earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.9081560162924 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

New Gold (NYSE:NGD) traded up 1.88% during midday trading on Thursday, reaching $3.80. The company had a trading volume of 1,125,431 shares. New Gold has a 52 week low of $2.39 and a 52 week high of $4.53. The firm has a 50-day moving average price of $3.72 and a 200-day moving average price of $3.22. The company has a market capitalization of $2.19 billion and a price-to-earnings ratio of 39.18.

New Gold (NYSE:NGD) (TSE:NGD) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $185.60 million during the quarter, compared to analyst estimates of $181.17 million. New Gold had a return on equity of 4.03% and a net margin of 12.45%. New Gold’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) EPS. Analysts expect that New Gold will post $0.06 EPS for the current fiscal year.

A number of research firms have recently commented on NGD. Zacks Investment Research lowered New Gold from a “buy” rating to a “sell” rating in a report on Tuesday. Scotiabank raised their price target on New Gold from $3.00 to $4.00 and gave the stock a “sector perform” rating in a report on Friday, September 29th. Credit Suisse Group raised their price target on New Gold from $3.00 to $3.30 and gave the stock a “neutral” rating in a report on Friday, September 29th. Royal Bank Of Canada set a $4.00 price target on New Gold and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Finally, National Bank Financial raised New Gold from a “sector perform” rating to an “outperform” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.09.

WARNING: “New Gold (NGD) Earning Somewhat Positive News Coverage, Accern Reports” was originally published by Marea Informative and is the property of of Marea Informative. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at

About New Gold

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.

Insider Buying and Selling by Quarter for New Gold (NYSE:NGD)

Receive News & Stock 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 stocks with our FREE daily email newsletter.