New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's stock price hit a new 52-week high on Wednesday . The stock traded as high as C$5.97 and last traded at C$5.82, with a volume of 620674 shares changing hands. The stock had previously closed at C$5.71.
Analyst Ratings Changes
NGD has been the subject of a number of analyst reports. Bank of America raised shares of New Gold from an "underperform" rating to a "buy" rating and boosted 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 raised New Gold to a "strong-buy" rating in a report on Friday, March 21st. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$4.34.
Get Our Latest Stock Analysis on New Gold
New Gold Trading Up 1.2%
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 business has a fifty day moving average of C$5.08 and a 200-day moving average of C$4.37. The stock has a market capitalization of C$3.25 billion, a price-to-earnings ratio of 161.73, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.
Insider Buying and Selling
In related news, Senior Officer Keith Murphy sold 41,863 shares of New Gold 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. Also, Senior Officer Ankit Shah sold 42,699 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$5.67, for a total transaction of C$242,103.33. Over the last ninety days, insiders sold 133,610 shares of company stock worth $686,555. Corporate insiders own 4.92% of the company's stock.
New Gold Company Profile
(
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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