New Gold (TSE:NGD) Hits New 1-Year High - What's Next?

New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD reached a new 52-week high during trading on Monday . The stock traded as high as C$5.50 and last traded at C$5.40, with a volume of 869591 shares. The stock had previously closed at C$5.30.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. National Bank Financial raised New Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and raised their price objective for the company from C$3.65 to C$5.45 in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, New Gold presently has a consensus rating of "Buy" and an average target price of C$4.34.

New Gold Stock Performance

The stock has a market capitalization of C$3.15 billion, a P/E ratio of 156.53, a PEG ratio of -3.02 and a beta of 1.59. 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's 50-day simple moving average is C$4.82 and its 200 day simple moving average is C$4.25.

Insider Buying and Selling at New Gold

In other New Gold news, Senior Officer Keith Murphy sold 41,863 shares of the business's stock in a transaction dated 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 Sean William Keating sold 49,048 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of C$5.40, for a total value of C$264,859.20. 4.92% of the stock is currently owned by company insiders.

New Gold Company Profile

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.