New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD shares traded down 5.1% on Tuesday . The stock traded as low as C$4.83 and last traded at C$4.83. 1,313,069 shares traded hands during trading, a decline of 27% from the average session volume of 1,799,970 shares. The stock had previously closed at C$5.09.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on NGD shares. National Bank Financial raised New Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America raised shares of New Gold from an "underperform" rating to a "buy" rating and lifted their target price for the stock from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$4.34.
Check Out Our Latest Report on New Gold
New Gold Trading Down 2.5 %
The company has a market cap of C$2.59 billion, a PE ratio of 128.62, a PEG 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 simple moving average of C$4.58 and a two-hundred day simple moving average of C$4.16.
Insider Activity at New Gold
In other New Gold news, Senior Officer Keith Murphy sold 41,863 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total value of C$179,592.27. 4.92% of the stock is currently owned by insiders.
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.
Further Reading
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