New Gold Inc. (TSE:NGD) Senior Officer Sells C$191,123.61 in Stock

New Gold Inc. (TSE:NGD) (ARCA:NGD) Senior Officer Sean William Keating sold 45,833 shares of New Gold stock in a transaction on Wednesday, September 18th. The shares were 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 shares were sold at an average price of C$3.63, for a total transaction of C$181,500.00.

New Gold Price Performance

Shares of NGD stock opened at C$4.09 on Thursday. New Gold Inc. has a fifty-two week low of C$1.17 and a fifty-two week high of C$4.34. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. The firm has a market capitalization of C$3.23 billion, a price-to-earnings ratio of -102.25, a PEG ratio of -3.02 and a beta of 1.57. The stock’s 50-day simple moving average is C$3.31 and its 200-day simple moving average is C$2.81.

New Gold (TSE:NGD) (ARCA:NGD) last released its earnings results on Tuesday, July 30th. The company reported C$0.03 earnings per share 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 company had revenue of C$298.55 million for the quarter. As a group, equities analysts forecast that New Gold Inc. will post 0.3722467 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About New Gold

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.