New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD shares hit 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 traded. The stock had previously closed at C$6.10.
Wall Street Analyst Weigh In
Several research analysts have commented on NGD shares. Bank of America upgraded shares of New Gold from an "underperform" rating to a "buy" rating and raised their target price for the stock from C$3.65 to C$5.45 in a report on Wednesday, March 26th. National Bank Financial upgraded shares of New Gold to a "strong-buy" rating in a report on Friday, March 21st. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, New Gold currently has a consensus rating of "Buy" and an average price target of C$4.34.
Read Our Latest Stock Report on NGD
New Gold Stock Performance
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 firm has a market capitalization of C$3.52 billion, a price-to-earnings ratio of 174.87, a PEG ratio of -3.02 and a beta of 1.59. The firm's fifty day moving average is C$5.26 and its 200 day moving average is C$4.49.
Insider Buying and Selling
In related news, Senior Officer Keith Murphy sold 41,863 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total transaction of C$179,592.27. Also, Senior Officer Sean William Keating sold 49,048 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of C$5.40, for a total transaction of C$264,859.20. Over the last three months, insiders sold 158,610 shares of company stock worth $843,055. 4.92% of the stock is owned by company insiders.
New Gold Company Profile
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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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