New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's share price was up 1.9% during trading on Monday . The stock traded as high as C$4.58 and last traded at C$4.35. Approximately 1,372,428 shares traded hands during trading, a decline of 21% from the average daily volume of 1,727,058 shares. The stock had previously closed at C$4.27.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. National Bank Financial upgraded New Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America upgraded shares of 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, March 26th. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$4.34.
View Our Latest Stock Analysis on New Gold
New Gold Stock Up 4.6 %
The stock has a market cap of C$2.73 billion, a price-to-earnings ratio of 136.01, a PEG ratio of -3.02 and a beta of 1.59. The stock has a 50 day simple moving average of C$4.44 and a 200 day simple moving average of C$4.10. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12.
Insider Buying and Selling
In other New Gold news, Senior Officer Keith Murphy sold 41,863 shares of the business's stock in a transaction that occurred 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. 4.92% of the stock is owned by company 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.
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