New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD dropped 5% on Thursday after an insider sold shares in the company. The company traded as low as C$4.16 and last traded at C$4.16. Approximately 343,239 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,424,819 shares. The stock had previously closed at C$4.38.
Specifically, Senior Officer Yohann Bouchard sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total value of C$425,000.00.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group boosted their price target on shares of New Gold from C$4.00 to C$4.50 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$3.71.
View Our Latest Stock Report on NGD
New Gold Stock Performance
The business's 50 day moving average is C$3.91 and its 200 day moving average is C$3.42. The stock has a market capitalization of C$3.22 billion, a PE ratio of -102.00, a PEG ratio of -3.02 and a beta of 1.59. The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45.
About New Gold
(
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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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