Insider Selling: New Gold Inc. (TSE:NGD) Senior Officer Sells 50,000 Shares of Stock

New Gold Inc. (TSE:NGD) (ARCA:NGD) Senior Officer Sean William Keating sold 50,000 shares of New Gold stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$3.63, for a total transaction of C$181,500.00.

New Gold Price Performance

NGD traded up C$0.03 on Wednesday, reaching C$3.65. The company had a trading volume of 510,370 shares, compared to its average volume of 1,441,968. The business has a 50 day simple moving average of C$2.98 and a 200 day simple moving average of C$2.53. The company has a market cap of C$2.89 billion, a price-to-earnings ratio of -90.50, a P/E/G ratio of -3.02 and a beta of 1.57. New Gold Inc. has a 52-week low of C$1.17 and a 52-week high of C$3.68. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50.

Analyst Ratings Changes

NGD has been the topic of a number of recent analyst reports. Cibc World Mkts raised New Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. National Bank Financial upgraded New Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, May 17th. National Bankshares upped their price objective on shares of New Gold from C$4.00 to C$4.25 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Canaccord Genuity Group boosted their price target on New Gold from C$3.25 to C$4.00 in a report on Tuesday, July 23rd. Finally, Scotiabank upgraded shares of New Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$3.61.

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.