Insider Selling: New Gold Inc. (NGD) Director Sells 28,000 Shares of Stock
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.
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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.
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