New Gold Inc (TSE:NGD) (ARCA:NGD) Director Renaud Adams bought 100,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was purchased at an average price of C$1.10 per share, for a total transaction of C$110,000.00.

Shares of NGD stock opened at C$1.09 on Friday. The company has a current ratio of 2.96, a quick ratio of 1.47 and a debt-to-equity ratio of 52.73. New Gold Inc has a 12-month low of C$0.90 and a 12-month high of C$4.45.

New Gold (TSE:NGD) (ARCA:NGD) last issued its quarterly earnings data on Wednesday, October 24th. The company reported C($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.05) by C$0.04. The company had revenue of C$192.25 million for the quarter, compared to the consensus estimate of C$245.55 million. As a group, sell-side analysts expect that New Gold Inc will post -0.0299999977981653 EPS for the current fiscal year.

Several equities research analysts have weighed in on NGD shares. National Bank Financial cut their target price on shares of New Gold from C$5.50 to C$4.50 in a report on Saturday, July 14th. Canaccord Genuity cut their target price on shares of New Gold from C$4.50 to C$3.50 in a report on Tuesday, July 24th. Eight Capital cut their target price on shares of New Gold from C$3.50 to C$2.00 in a report on Friday, July 27th. Cormark cut their target price on shares of New Gold from C$3.25 to C$2.50 in a report on Friday, July 27th. Finally, BMO Capital Markets cut their target price on shares of New Gold from C$4.50 to C$2.25 in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$2.14.

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About New Gold

New Gold Inc, an intermediate gold mining company, engages in the development and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's operating properties include the New Afton project located near Kamloops, British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

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