New Gold Inc. (TSE:NGD) Senior Officer Sells C$425,000.00 in Stock

New Gold Inc. (TSE:NGD) (ARCA:NGD) Senior Officer Yohann Bouchard sold 100,000 shares of the business’s stock in a transaction that occurred on 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

New Gold Inc. has a 1 year low of C$1.47 and a 1 year high of C$4.38. The company has a market capitalization of C$3.22 billion, a P/E ratio of -102.00, a P/E/G ratio of -3.02 and a beta of 1.59. The firm’s fifty day moving average price is C$3.91 and its 200 day moving average price is C$3.42. The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on 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 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$3.71.

New Gold Company Profile

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.