New Gold Target of Unusually Large Options Trading (NGD)
Shares of New Gold (NYSE:NGD) saw some unusual options trading on Wednesday. Stock traders acquired 2,266 call options on the stock, AnalystRatings.NET reports. This represents an increase of approximately 698% compared to the typical daily volume of 284 call options.
New Gold (NYSE:NGD) traded up 0.64% on Wednesday, hitting $6.33. 2,411,423 shares of the company’s stock traded hands. New Gold has a 52-week low of $4.68 and a 52-week high of $8.10. The stock has a 50-day moving average of $6.27 and a 200-day moving average of $5.73. The company’s market cap is $3.190 billion.
New Gold (NYSE:NGD) last released its earnings data on Thursday, July 31st. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $178.10 million for the quarter, compared to the consensus estimate of $195.42 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that New Gold will post $0.12 earnings per share for the current fiscal year.
New Gold Inc (NYSE:NGD) is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada, Chile and Brazil.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.