New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD Senior Officer Sean William Keating sold 49,048 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of C$5.40, for a total transaction of C$264,859.20.
New Gold Stock Up 3.7 %
TSE NGD traded up C$0.21 during trading on Friday, reaching C$5.82. 1,713,167 shares of the company's stock were exchanged, compared to its average volume of 1,885,259. New Gold Inc. has a 1 year low of C$2.38 and a 1 year high of C$5.83. The stock has a market cap of C$3.20 billion, a P/E ratio of 159.27, a price-to-earnings-growth 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. The company has a 50 day moving average price of C$4.85 and a two-hundred day moving average price of C$4.26.
Analyst Upgrades and Downgrades
NGD has been the topic of a number of recent research reports. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and upped their price objective for the stock from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. National Bank Financial upgraded New Gold to a "strong-buy" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$4.34.
Read Our Latest Stock Report on New Gold
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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