New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's share price traded up 3% during trading on Monday . The company traded as high as C$4.41 and last traded at C$4.40. 789,741 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,723,452 shares. The stock had previously closed at C$4.27.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on NGD shares. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and increased their price objective for the stock from C$3.65 to C$5.45 in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, New Gold has a consensus rating of "Buy" and an average target price of C$4.34.
Get Our Latest Report on New Gold
New Gold Trading Up 4.6 %
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 stock has a 50-day moving average of C$4.44 and a two-hundred day moving average of C$4.10. The company has a market cap of C$2.73 billion, a P/E ratio of 136.01, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.
Insider Transactions at New Gold
In related news, Senior Officer Keith Murphy sold 41,863 shares of the company'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 value of C$179,592.27. 4.92% of the stock is owned by insiders.
New Gold Company Profile
(
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.
Recommended Stories
Before you consider New Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Gold wasn't on the list.
While New Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
