New Gold Inc. (TSE:NGD - Get Free Report) (ARCA:NGD) Senior Officer Yohann Bouchard sold 100,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total value of C$425,000.00.
New Gold Price Performance
TSE:NGD opened at C$4.38 on Thursday. The company has a market capitalization of C$3.46 billion, a P/E ratio of -109.50, a P/E/G ratio of -3.02 and a beta of 1.59. The business's 50-day moving average is C$3.91 and its 200 day moving average is C$3.42. The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45. New Gold Inc. has a 12 month low of C$1.47 and a 12 month high of C$4.38.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group upped their price target on New Gold from C$4.00 to C$4.50 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$3.71.
View Our Latest Stock Analysis on NGD
New Gold Company Profile
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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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