New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's share price fell 7.1% during mid-day trading on Monday . The stock traded as low as C$5.57 and last traded at C$5.62. 1,055,328 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 1,867,475 shares. The stock had previously closed at C$6.05.
Wall Street Analysts Forecast Growth
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 hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$4.68.
View Our Latest Analysis on NGD
New Gold Stock Performance
The stock has a fifty day simple moving average of C$6.36 and a two-hundred day simple moving average of C$5.20. The stock has a market cap of C$3.11 billion, a price-to-earnings ratio of 154.62, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42.
Insiders Place Their Bets
In other New Gold news, Senior Officer Sean William Keating sold 25,000 shares of the firm's 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 firm'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. In the last ninety days, insiders sold 116,747 shares of company stock worth $663,463. Company insiders own 4.92% of the company's stock.
About New Gold
(
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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.
See Also
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