Analysts Set Expectations for New Gold FY2025 Earnings

New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Research analysts at National Bank Financial boosted their FY2025 earnings estimates for New Gold in a research report issued on Tuesday, April 22nd. National Bank Financial analyst M. Sidibe now expects that the company will post earnings per share of $0.58 for the year, up from their previous estimate of $0.50. National Bank Financial currently has a "Strong-Buy" rating on the stock. National Bank Financial also issued estimates for New Gold's FY2026 earnings at $1.13 EPS.

Separately, Bank of America upgraded shares of New Gold from an "underperform" rating to a "buy" rating and raised their price objective for the stock from C$3.65 to C$5.45 in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$4.34.

New Gold Stock Performance

Shares of New Gold stock traded down C$0.03 during midday trading on Friday, hitting C$4.67. The company had a trading volume of 2,873,684 shares, compared to its average volume of 1,834,904. The business's 50 day simple moving average is C$4.59 and its two-hundred day simple moving average is C$4.16. The stock has a market cap of C$2.57 billion, a PE ratio of 127.80, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. New Gold has a 1-year low of C$2.38 and a 1-year high of C$5.39.

Insiders Place Their Bets

In other news, Senior Officer Keith Murphy sold 41,863 shares of New Gold stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total transaction of C$179,592.27. Company insiders own 4.92% of the company's stock.

New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.