New Gold Inc. (TSE:NGD) Senior Officer Sells C$242,103.33 in Stock

New Gold Inc. (TSE:NGD) (ARCA:NGD) Senior Officer Ankit Shah sold 42,699 shares of New Gold stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$5.67, for a total value of C$242,103.33.

New Gold Stock Up 3.7%

Shares of TSE NGD opened at C$5.82 on Monday. The firm has a market cap of C$3.20 billion, a PE ratio of 159.27, a P/E/G ratio of -3.02 and a beta of 1.59. New Gold Inc. has a 12-month low of C$2.38 and a 12-month high of C$5.83. The company’s fifty day simple moving average is C$4.85 and its 200 day simple moving average is C$4.26. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12.

Wall Street Analysts Forecast Growth

A number of 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 target price for the stock from C$3.65 to C$5.45 in a report on Wednesday, March 26th. National Bank Financial raised New Gold to a “strong-buy” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned 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$4.34.

New Gold Company Profile

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.