New Gold Inc. (TSE:NGD) Receives C$4.68 Average PT from Analysts

New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD has earned an average rating of "Buy" from the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$4.68.

NGD has been the subject of a number of recent analyst reports. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a report on Friday, March 21st. Raymond James Financial upgraded New Gold to a "hold" rating in a research note on Monday. Finally, Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and increased their price target for the stock from C$3.65 to C$5.45 in a research report on Wednesday, March 26th.

Insider Buying and Selling at New Gold

In related news, Senior Officer Sean William Keating sold 49,048 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$5.40, for a total transaction of C$264,859.20. Also, Senior Officer Ankit Shah sold 42,699 shares of New Gold stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$5.67, for a total transaction of C$242,103.33. Insiders have sold a total of 116,747 shares of company stock worth $663,463 over the last three months. 4.92% of the stock is currently owned by insiders.

New Gold Stock Up 0.6%

TSE:NGD traded up C$0.04 during mid-day trading on Tuesday, hitting C$6.70. 824,106 shares of the company's stock traded hands, compared to its average volume of 1,935,029. The company has a fifty day moving average of C$6.01 and a 200 day moving average of C$4.87. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. New Gold has a twelve month low of C$2.79 and a twelve month high of C$6.95. The company has a market capitalization of C$3.69 billion, a P/E ratio of 183.35, a P/E/G ratio of -3.02 and a beta of 1.59.

About New Gold

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.