Sean William Keating Sells 49,048 Shares of New Gold Inc. (TSE:NGD) Stock

New Gold Inc. (TSE:NGD) (ARCA:NGD) Senior Officer Sean William Keating sold 49,048 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of C$5.40, for a total value of C$264,859.20.

New Gold Price Performance

Shares of NGD stock opened at C$5.61 on Friday. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. The company has a market capitalization of C$3.09 billion, a PE ratio of 153.52, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The firm’s 50-day moving average is C$4.82 and its two-hundred day moving average is C$4.25. New Gold Inc. has a 12 month low of C$2.38 and a 12 month high of C$5.79.

Analyst Ratings Changes

Several analysts have commented on NGD shares. Bank of America raised New Gold from an “underperform” rating to a “buy” rating and raised their price objective for the company from C$3.65 to C$5.45 in a report on Wednesday, March 26th. National Bank Financial raised shares of New Gold to a “strong-buy” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$4.34.

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.