Insider Selling: New Gold Inc. (TSE:NGD) Senior Officer Sells 45,833 Shares of Stock

by · The Cerbat Gem

New Gold Inc. (TSE:NGD – Get Free Report) (ARCA:NGD) Senior Officer Sean William Keating sold 45,833 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$4.17, for a total value 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 stock was sold at an average price of C$3.63, for a total value of C$181,500.00.

New Gold Stock Performance

NGD opened at C$4.24 on Friday. 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$1.18 and a 12-month high of C$4.34. The firm has a 50 day moving average of C$3.35 and a two-hundred day moving average of C$2.85. The firm has a market capitalization of C$3.35 billion, a PE ratio of -106.00, a P/E/G ratio of -3.02 and a beta of 1.57.

New Gold (TSE:NGD – Get Free Report) (ARCA:NGD) last issued its earnings results on Tuesday, July 30th. The company reported C$0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.01. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. The firm had revenue of C$298.55 million during the quarter. On average, analysts anticipate that New Gold Inc. will post 0.3732394 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on NGD shares. National Bankshares increased their price target on New Gold from C$4.00 to C$4.25 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Cibc World Mkts raised shares of New Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group boosted their target price 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. CIBC raised shares of New Gold from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$2.10 to C$3.00 in a report on Monday, June 3rd. Finally, BMO Capital Markets boosted their price objective on shares of New Gold from C$4.25 to C$4.50 in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$3.71.

Check Out Our Latest Stock Report on New Gold

New Gold Company Profile

(Get Free Report)

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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