Shares of New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$6.46 and traded as high as C$7.35. New Gold shares last traded at C$7.23, with a volume of 1,383,184 shares.
Wall Street Analyst Weigh In
Separately, Raymond James Financial raised New Gold to a "hold" rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$4.98.
Get Our Latest Stock Analysis on New Gold
New Gold Stock Performance
The company has a market cap of C$4.00 billion, a PE ratio of 198.95, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12. The business has a fifty day moving average of C$6.48 and a 200-day moving average of C$5.48.
Insider Transactions at New Gold
In related news, Senior Officer Sean William Keating sold 25,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$6.26, for a total transaction of C$156,500.00. 4.92% of the stock is currently owned by corporate 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.
Further Reading
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