New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$5.07 and last traded at C$5.03, with a volume of 300845 shares changing hands. The stock had previously closed at C$4.81.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and lifted their price objective for the company from C$3.65 to C$5.45 in a research note on Wednesday. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$4.34.
Read Our Latest Report on New Gold
New Gold Stock Performance
The stock has a market cap of C$2.85 billion, a PE ratio of 141.76, a P/E/G ratio of -3.02 and a beta of 1.59. The firm's 50-day moving average is C$4.31 and its 200 day moving average is C$4.02. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42.
Insider Activity
In other news, Senior Officer Keith Murphy sold 41,863 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total transaction of C$179,592.27. Corporate 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.
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