New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$6.40 and traded as high as C$6.75. New Gold shares last traded at C$6.61, with a volume of 1,242,700 shares traded.
Analyst Upgrades and Downgrades
Separately, Raymond James Financial upgraded New Gold to a "hold" rating in a research note on Monday, June 30th.
View Our Latest Analysis on NGD
New Gold Stock Up 0.8%
The firm's 50 day simple moving average is C$6.40 and its 200 day simple moving average is C$5.31. The company has a market cap of C$3.64 billion, a price-to-earnings ratio of 180.89, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12.
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 transaction of C$156,500.00. 4.92% of the stock is currently owned by corporate 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.
Further Reading
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