National Bank Financial Predicts New Gold FY2024 Earnings

New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Analysts at National Bank Financial reduced their FY2024 earnings per share estimates for New Gold in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will earn $0.27 per share for the year, down from their prior forecast of $0.29. National Bank Financial also issued estimates for New Gold's FY2025 earnings at $0.50 EPS.

New Gold Stock Down 3.7 %

Shares of TSE NGD traded down C$0.16 during trading on Thursday, reaching C$4.12. The company had a trading volume of 1,774,259 shares, compared to its average volume of 1,509,391. The company has a market cap of C$2.27 billion, a PE ratio of 112.75, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a fifty day simple moving average of C$3.97. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12. New Gold has a 12 month low of C$1.49 and a 12 month high of C$4.54.

Insider Buying and Selling

In other news, Senior Officer Yohann Bouchard sold 100,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total transaction of C$425,000.00. 4.92% of the stock is owned by insiders.

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.