Shares of New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD traded down 4.1% during mid-day trading on Tuesday . The company traded as low as C$4.82 and last traded at C$4.88. 1,383,274 shares changed hands during trading, a decline of 23% from the average session volume of 1,801,832 shares. The stock had previously closed at C$5.09.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. National Bank Financial upgraded New Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and boosted their price target for the company 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$4.34.
Get Our Latest Analysis on NGD
New Gold Stock Performance
The company has a market cap of C$2.59 billion, a PE ratio of 128.62, a PEG ratio of -3.02 and a beta of 1.59. 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 business's 50 day moving average is C$4.58 and its two-hundred day moving average is C$4.16.
Insider Activity
In other news, Senior Officer Keith Murphy sold 41,863 shares of New Gold stock in a transaction that occurred on Tuesday, March 11th. The shares were 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.
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.
Further Reading
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