New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's stock price crossed 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 traded.
Analysts Set New Price Targets
NGD has been the topic of several research reports. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and upped their target price for the company from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. National Bank Financial raised New Gold to a "strong-buy" rating in a report on Friday, March 21st. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, New Gold has a consensus rating of "Buy" and an average target price of C$4.68.
Read Our Latest Stock Report on New Gold
New Gold Stock Up 3.7%
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 stock has a market cap of C$3.72 billion, a P/E ratio of 185.27, a P/E/G ratio of -3.02 and a beta of 1.59. The stock's fifty day simple moving average is C$5.94 and its 200-day simple moving average is C$4.85.
Insider Buying and Selling
In other New Gold news, Senior Officer Sean William Keating sold 25,000 shares of New Gold stock in a transaction on Monday, June 2nd. The stock was 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 company's 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 worth $663,463 in the last three months. 4.92% of the stock is currently owned by company insiders.
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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