Sean William Keating Sells 45,833 Shares of New Gold Inc. (TSE:NGD) Stock

New Gold Inc. (TSE:NGD) (ARCA:NGD) Senior Officer Sean William Keating sold 45,833 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$4.17, for a total transaction 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 stock was sold at an average price of C$3.63, for a total transaction of C$181,500.00.

New Gold Trading Up 1.7 %

New Gold stock opened at C$4.24 on Friday. The stock has a market cap of C$3.35 billion, a P/E ratio of -106.00, a PEG ratio of -3.02 and a beta of 1.57. The company has a debt-to-equity ratio of 52.45, a current ratio of 1.50 and a quick ratio of 1.64. New Gold Inc. has a 1 year low of C$1.17 and a 1 year high of C$4.34. The firm’s 50 day moving average price is C$3.35 and its 200-day moving average price is C$2.84.

New Gold (TSE:NGD) (ARCA:NGD) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.02 by C$0.01. The firm had revenue of C$298.55 million for the quarter. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. On average, equities analysts predict that New Gold Inc. will post 0.3722467 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on NGD shares. CIBC upgraded shares of New Gold from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$2.10 to C$3.00 in a research note on Monday, June 3rd. Cibc World Mkts upgraded shares of New Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. BMO Capital Markets raised their target price on shares of New Gold from C$4.25 to C$4.50 in a research note on Wednesday, July 31st. Canaccord Genuity Group raised their target price on shares of 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, 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 note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently 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.