New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$4.38 and traded as high as C$5.29. New Gold shares last traded at C$5.20, with a volume of 1,665,485 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on NGD shares. Bank of America upgraded 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 report on Wednesday, March 26th. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$4.34.
Check Out Our Latest Analysis on New Gold
New Gold Stock Performance
The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12. The stock's fifty day simple moving average is C$4.41. The firm has a market cap of C$2.34 billion, a P/E ratio of 116.58, a PEG ratio of -3.02 and a beta of 1.59.
Insider Transactions at New Gold
In other New Gold news, Senior Officer Keith Murphy sold 41,863 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total transaction of C$179,592.27. Company insiders own 4.92% of the company's stock.
New Gold Company Profile
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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.
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