New Gold Inc. (TSE:NGD) (ARCA:NGD) Director James Estey sold 28,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of C$4.77, for a total transaction of C$133,560.00.

New Gold Inc. (TSE NGD) traded down 0.83% during midday trading on Friday, reaching $4.79. 1,152,912 shares of the company traded hands. New Gold Inc. has a one year low of $3.11 and a one year high of $6.68. The stock has a market capitalization of $2.76 billion and a P/E ratio of 49.38. The company has a 50 day moving average price of $4.47 and a 200-day moving average price of $4.08.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/15/insider-selling-new-gold-inc-ngd-director-sells-28000-shares-of-stock.html.

Separately, National Bank Financial raised their price target on shares of New Gold from C$5.00 to C$5.25 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. New Gold presently has a consensus rating of “Hold” and a consensus price target of C$4.69.

New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.

Receive News & Ratings for New Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.