New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$6.81 and last traded at C$6.69, with a volume of 560368 shares traded. The stock had previously closed at C$6.58.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on NGD shares. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America raised shares of 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. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$4.68.
Read Our Latest Stock Report on New Gold
New Gold Price 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 stock has a market capitalization of C$3.67 billion, a price-to-earnings ratio of 182.53, a PEG ratio of -3.02 and a beta of 1.59. The stock's 50 day simple moving average is C$5.74 and its 200-day simple moving average is C$4.73.
Insider Buying and Selling at New Gold
In other news, Senior Officer Sean William Keating sold 25,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$6.26, for a total value of C$156,500.00. Also, Senior Officer Ankit Shah sold 42,699 shares of the company's stock in a transaction 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 sold 116,747 shares of company stock worth $663,463 over the last ninety days. 4.92% of the stock is currently 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.
See Also
Before you consider New Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Gold wasn't on the list.
While New Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
