Robert Joseph Chausse Buys 230,000 Shares of New Gold Inc (NGD) Stock

New Gold Inc (TSE:NGD) (ARCA:NGD) insider Robert Joseph Chausse bought 230,000 shares of New Gold stock in a transaction dated Wednesday, November 7th. The shares were bought at an average cost of C$1.10 per share, with a total value of C$253,000.00.

NGD opened at C$1.09 on Friday. New Gold Inc has a 12 month low of C$0.90 and a 12 month high of C$4.45. 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 (TSE:NGD) (ARCA:NGD) last released its quarterly earnings data on Wednesday, October 24th. The company reported C($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.05) by C$0.04. The business had revenue of C$192.25 million during the quarter, compared to the consensus estimate of C$245.55 million. On average, equities analysts predict that New Gold Inc will post -0.0299999977981653 EPS for the current fiscal year.

Several research analysts recently commented on NGD shares. Desjardins cut their price objective on shares of New Gold from C$1.25 to C$0.75 and set a “sell” rating for the company in a report on Tuesday, September 4th. Cormark cut their price objective on shares of New Gold from C$2.50 to C$1.50 in a report on Friday, September 21st. Canaccord Genuity raised shares of New Gold from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Eight Capital cut their price objective on shares of New Gold from C$1.75 to C$1.35 in a report on Thursday, September 20th. Finally, National Bank Financial downgraded shares of New Gold from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$2.75 to C$1.70 in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target 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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