New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD was up 3.7% during trading on Wednesday . The company traded as high as C$4.53 and last traded at C$4.43. Approximately 839,068 shares traded hands during trading, a decline of 52% from the average daily volume of 1,750,109 shares. The stock had previously closed at C$4.27.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on NGD. Bank of America upgraded shares of New Gold from an "underperform" rating to a "buy" rating and boosted their price target for the stock from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. National Bank Financial raised shares of New Gold to a "strong-buy" rating in a research note on Friday, March 21st. One investment 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. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$4.34.
View Our Latest Research Report on NGD
New Gold Stock Down 0.2 %
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 company's fifty day moving average price is C$4.46 and its 200-day moving average price is C$4.10. The stock has a market cap of C$2.73 billion, a P/E ratio of 135.73, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.
Insiders Place Their Bets
In other New Gold news, Senior Officer Keith Murphy sold 41,863 shares of the stock in a transaction 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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
