New Gold Inc. ( NYSEAMERICAN:NGD – Get Rating ) dropped 7.6% on Thursday . The stock traded as low as $1.35 and last traded at $1.36. Approximately 1,032,192 shares changed hands during trading, a decline of 72% from the average daily volume of 3,669,929 shares. The stock had previously closed at $1.47. Wall Street Analysts Forecast Growth NGD has been the topic of several recent analyst reports. National Bank Financial increased their target price on New Gold from C$1.60 to C$1.75 in a research report on Friday, January 13th.

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