New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Investment analysts at Raymond James increased their FY2024 earnings per share (EPS) estimates for New Gold in a research report issued to clients and investors on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the company will earn $0.26 per share for the year, up from their prior estimate of $0.24. Raymond James also issued estimates for New Gold's FY2025 earnings at $0.28 EPS.
New Gold Price Performance
Shares of New Gold stock traded up C$0.02 during mid-day trading on Wednesday, reaching C$4.30. 3,672,000 shares of the stock traded hands, compared to its average volume of 1,420,956. The business has a 50-day moving average of C$3.93 and a 200 day moving average of C$3.72. New Gold has a fifty-two week low of C$1.47 and a fifty-two week high of C$4.54. The stock has a market capitalization of C$3.40 billion, a PE ratio of -107.50, a PEG ratio of -3.02 and a beta of 1.59. The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45.
Insider Buying and Selling at New Gold
In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total transaction of C$425,000.00. Insiders own 4.92% of the company's stock.
About New Gold
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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.
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