New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Research analysts at Raymond James increased their Q3 2024 earnings per share (EPS) estimates for New Gold in a report issued on Monday, October 21st. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.06 per share for the quarter, up from their prior forecast of $0.04. Raymond James also issued estimates for New Gold's Q4 2024 earnings at $0.10 EPS and FY2024 earnings at $0.21 EPS.
NGD has been the subject of a number of other research reports. BMO Capital Markets increased their target price on shares of New Gold from C$4.25 to C$4.50 in a research report on Wednesday, July 31st. Cibc World Mkts raised New Gold to a "strong-buy" rating in a research note on Wednesday, July 10th. Canaccord Genuity Group upped their price target on shares of New Gold from C$4.00 to C$4.50 and gave the company a "buy" rating in a report on Thursday, August 22nd. Finally, National Bankshares raised their price objective on shares of New Gold from C$4.00 to C$4.25 and gave the company an "outperform" rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, New Gold currently has a consensus rating of "Buy" and an average target price of C$3.71.
View Our Latest Stock Analysis on NGD
New Gold Stock Performance
Shares of TSE:NGD traded down C$0.11 on Wednesday, hitting C$4.04. The company's stock had a trading volume of 848,487 shares, compared to its average volume of 1,435,517. The company has a market capitalization of C$3.19 billion, a price-to-earnings ratio of -103.75, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. New Gold has a 12 month low of C$1.44 and a 12 month high of C$4.37. The stock's 50-day moving average is C$3.74 and its two-hundred day moving average is C$3.10.
New Gold (TSE:NGD - Get Free Report) ARCA: NGD last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.03 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.01. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. The business had revenue of C$298.55 million during the quarter.
Insider Buying and Selling
In other news, Senior Officer Sean William Keating sold 45,833 shares of New Gold stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$4.17, for a total transaction of C$191,123.61. Company insiders own 4.92% of the company's stock.
About New Gold
(
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New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.
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