New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's share price reached a new 52-week high during 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 changing hands. The stock had previously closed at C$6.58.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. National Bank Financial upgraded 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 boosted their price objective for the company from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$4.68.
View Our Latest Report on NGD
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 company has a market cap of C$3.72 billion, a PE ratio of 185.27, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a 50-day moving average price of C$5.74 and a two-hundred day moving average price of C$4.74.
Insider Activity
In other New Gold news, Senior Officer Ankit Shah sold 42,699 shares of the firm'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. Also, Senior Officer Sean William Keating sold 49,048 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of C$5.40, for a total transaction of C$264,859.20. Insiders sold 116,747 shares of company stock worth $663,463 over the last ninety days. Corporate insiders own 4.92% of the company's stock.
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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