New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.84 and traded as low as C$3.46. New Gold shares last traded at C$3.53, with a volume of 1,688,383 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms recently commented on NGD. BMO Capital Markets upped their price objective on New Gold from C$4.25 to C$4.50 in a report on Wednesday, July 31st. National Bankshares increased their price target on New Gold from C$4.00 to C$4.25 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group increased their price target on New Gold from C$4.00 to C$4.50 and gave the stock a "buy" rating in a report on Thursday, August 22nd. One analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$3.71.
Get Our Latest Stock Analysis on NGD
New Gold Stock Performance
The company has a 50-day moving average price of C$3.84 and a two-hundred day moving average price of C$3.22. The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45. The stock has a market capitalization of C$2.77 billion, a P/E ratio of -88.25, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.
Insider Activity at New Gold
In related news, Senior Officer Sean William Keating sold 50,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$3.63, for a total value of C$181,500.00. 4.92% of the stock is currently owned by corporate insiders.
About New Gold
(
Get Free Report)
New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.
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