New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's share price reached a new 52-week high during trading on Monday . The stock traded as high as C$6.47 and last traded at C$6.38, with a volume of 325768 shares changing hands. The stock had previously closed at C$6.10.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and upped their target price for the company from C$3.65 to C$5.45 in a research note on Wednesday, March 26th. National Bank Financial upgraded New Gold to a "strong-buy" rating in a research note on Friday, March 21st. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, New Gold presently has an average rating of "Buy" and an average price target of C$4.68.
View Our Latest Report on New Gold
New Gold Price Performance
The company has a market capitalization of C$3.68 billion, a price-to-earnings ratio of 182.80, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12. The company has a 50 day simple moving average of C$5.29 and a 200 day simple moving average of C$4.51.
Insiders Place Their Bets
In other news, Senior Officer Ankit Shah sold 42,699 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$5.67, for a total value of C$242,103.33. Also, Senior Officer Keith Murphy sold 41,863 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total value of C$179,592.27. Insiders sold 158,610 shares of company stock worth $843,055 over the last three months. 4.92% of the stock is owned by insiders.
About New Gold
(
Get Free Report)
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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