Shares of New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD reached a new 52-week high during trading on Tuesday . The stock traded as high as C$5.99 and last traded at C$5.99, with a volume of 637913 shares changing hands. The stock had previously closed at C$5.91.
Wall Street Analysts Forecast Growth
Several research firms have commented on NGD. Bank of America raised shares of New Gold from an "underperform" rating to a "buy" rating and increased their price target for the company from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a research report on Friday, March 21st. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$4.34.
Check Out Our Latest Stock Analysis on NGD
New Gold Trading Up 0.2%
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 stock has a market cap of C$3.34 billion, a price-to-earnings ratio of 166.11, a P/E/G ratio of -3.02 and a beta of 1.59. The company's fifty day moving average price is C$5.18 and its 200-day moving average price is C$4.43.
Insider Buying and Selling
In related news, Senior Officer Keith Murphy sold 41,863 shares of the 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 value of C$179,592.27. Also, Senior Officer Ankit Shah sold 42,699 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of C$5.67, for a total transaction of C$242,103.33. In the last quarter, insiders have sold 133,610 shares of company stock worth $686,555. 4.92% of the stock is owned by company 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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