New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$5.87 and traded as high as C$6.74. New Gold shares last traded at C$6.74, with a volume of 1,294,860 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have commented on NGD shares. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America raised shares of New Gold from an "underperform" rating to a "buy" rating and upped their price target for the stock from C$3.65 to C$5.45 in a research note on Wednesday, March 26th. Three investment 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.com, New Gold currently has a consensus rating of "Buy" and a consensus price target of C$4.68.
Read Our Latest Research Report on NGD
New Gold Stock Up 1.5%
The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. The company has a market cap of C$3.71 billion, a P/E ratio of 184.45, a P/E/G ratio of -3.02 and a beta of 1.59. The stock has a 50 day moving average price of C$5.87 and a 200 day moving average price of C$4.80.
Insider Transactions at New Gold
In other New Gold news, Senior Officer Sean William Keating sold 25,000 shares of New Gold stock in a transaction that occurred 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 stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$5.67, for a total value of C$242,103.33. Insiders have sold 116,747 shares of company stock valued at $663,463 in the last quarter. Insiders own 4.92% of the company's stock.
New Gold Company Profile
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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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