Shares of New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.89 and traded as low as C$3.56. New Gold shares last traded at C$3.58, with a volume of 1,288,989 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group boosted their target price on shares of New Gold from C$4.00 to C$4.50 and gave the company a "buy" rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$3.71.
View Our Latest Stock Report on New Gold
New Gold Price Performance
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 50 day simple moving average of C$3.88 and a 200-day simple moving average of C$3.46. The firm has a market cap of C$2.85 billion, a PE ratio of -90.25, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.
Insider Transactions at New Gold
In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of New Gold stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total value of C$425,000.00. Corporate insiders own 4.92% of the company's stock.
New Gold Company Profile
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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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