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 the company’s stock in a transaction that occurred 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 value of C$181,500.00.

New Gold Stock Performance

Shares of TSE:NGD opened at C$4.24 on Friday. The firm has a 50 day moving average of C$3.35 and a 200 day moving average of C$2.85. The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45. The company has a market capitalization of C$3.35 billion, a price-to-earnings ratio of -106.00, a price-to-earnings-growth ratio of -3.02 and a beta of 1.57. New Gold Inc. has a 52 week low of C$1.18 and a 52 week high of C$4.34.

New Gold (TSE:NGD) (ARCA:NGD) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.01. The business had revenue of C$298.55 million for the quarter. New Gold had a negative return on equity of 2.23% and a negative net margin of 2.53%. On average, sell-side analysts predict that New Gold Inc. will post 0.3732394 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of New Gold from C$4.25 to C$4.50 in a research note on Wednesday, July 31st. National Bankshares raised their target price 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. Cibc World Mkts upgraded New Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Canaccord Genuity Group increased their price objective on New Gold from C$4.00 to C$4.50 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, CIBC raised New Gold from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$2.10 to C$3.00 in a research report on Monday, June 3rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target 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.