New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD Senior Officer Ankit Shah sold 42,699 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$5.67, for a total value of C$242,103.33.
New Gold Stock Performance
Shares of NGD stock opened at C$5.82 on Monday. The stock has a market cap of C$3.20 billion, a PE ratio of 159.27, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. New Gold Inc. has a one year low of C$2.38 and a one year high of C$5.83. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. The stock has a 50-day moving average of C$4.85 and a 200-day moving average of C$4.26.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and lifted their price objective for the company from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, New Gold has a consensus rating of "Buy" and an average target price of C$4.34.
Read Our Latest Report on NGD
About New Gold
(
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New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.
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