New Gold (TSE:NGD) Reaches New 1-Year High – Still a Buy?

New Gold Inc. (TSE:NGD) (ARCA:NGD) hit a new 52-week high on Thursday . The company traded as high as C$4.40 and last traded at C$4.35, with a volume of 633135 shares changing hands. The stock had previously closed at C$4.15.

New Gold Price Performance

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 company has a fifty day simple moving average of C$3.89 and a two-hundred day simple moving average of C$3.69. The firm has a market capitalization of C$3.47 billion, a PE ratio of -109.75, a PEG ratio of -3.02 and a beta of 1.59.

New Gold (TSE:NGD) (ARCA:NGD) last released its quarterly earnings data on Tuesday, October 29th. The company reported C$0.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.05. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. During the same period last year, the firm earned $0.04 earnings per share.

Insider Transactions at New Gold

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total transaction of C$425,000.00. Corporate insiders own 4.92% of the company’s stock.

About New Gold

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.