Insider Selling: New Gold Inc. (TSE:NGD) Senior Officer Sells C$191,123.61 in Stock

New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD Senior Officer Sean William Keating sold 45,833 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$4.17, for a total transaction of C$191,123.61.

Sean William Keating also recently made the following trade(s):

• On Monday, August 19th, Sean William Keating sold 50,000 shares of New Gold stock. The shares were sold at an average price of C$3.63, for a total transaction of C$181,500.00.

New Gold Stock Performance

TSE:NGD traded up C$0.08 during trading hours on Thursday, reaching C$4.17. The company had a trading volume of 1,838,456 shares, compared to its average volume of 1,435,446. The business's 50 day moving average price is C$3.31 and its 200-day moving average price is C$2.81. New Gold Inc. has a 1-year low of C$1.17 and a 1-year high of C$4.34. The firm has a market cap of C$3.30 billion, a PE ratio of -102.25, a price-to-earnings-growth ratio of -3.02 and a beta of 1.57. The company has a debt-to-equity ratio of 52.45, a current ratio of 1.50 and a quick ratio of 1.64.

New Gold (TSE:NGD - Get Free Report) ARCA: NGD last announced its earnings results on Tuesday, July 30th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.02 by C$0.01. New Gold had a negative return on equity of 2.23% and a negative net margin of 2.53%. The firm had revenue of C$298.55 million for the quarter. Research analysts forecast that New Gold Inc. will post 0.3722467 EPS for the current year.

Analyst Upgrades and Downgrades

NGD has been the subject of several recent analyst reports. CIBC raised shares of New Gold from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from C$2.10 to C$3.00 in a report on Monday, June 3rd. Cibc World Mkts upgraded New Gold to a "strong-buy" rating in a research note on Wednesday, July 10th. National Bankshares raised their price objective on New Gold from C$4.00 to C$4.25 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their target price on New Gold from C$4.25 to C$4.50 in a report on Wednesday, July 31st. Finally, Canaccord Genuity Group increased 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 report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$3.71.

About New Gold

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.