New Gold Inc. (TSE:NGD) Senior Officer Yohann Bouchard Sells 100,000 Shares

New Gold Inc. (TSE:NGD) (ARCA:NGD) Senior Officer Yohann Bouchard sold 100,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total value of C$425,000.00.

New Gold Trading Down 3.4 %

Shares of NGD stock opened at C$3.93 on Friday. The stock’s fifty day simple moving average is C$3.90 and its 200 day simple moving average is C$3.43. New Gold Inc. has a twelve month low of C$1.47 and a twelve month high of C$4.38. The firm has a market capitalization of C$3.11 billion, a P/E ratio of -98.25, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price target on shares of 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. One analyst has rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average 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.