New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Equities researchers at Raymond James decreased their FY2025 earnings estimates for New Gold in a report released on Monday, October 21st. Raymond James analyst F. Hamed now expects that the company will earn $0.33 per share for the year, down from their prior forecast of $0.34.
NGD has been the subject of a number of other reports. Cibc World Mkts raised New Gold to a "strong-buy" rating in a research note on Wednesday, July 10th. National Bankshares lifted their target price on shares of New Gold from C$4.00 to C$4.25 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Canaccord Genuity Group raised their price target on shares of New Gold from C$4.00 to C$4.50 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets increased their price objective on New Gold from C$4.25 to C$4.50 in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$3.71.
Read Our Latest Stock Report on New Gold
New Gold Stock Performance
New Gold has a fifty-two week low of C$1.44 and a fifty-two week high of C$4.37. The firm has a market capitalization of C$3.21 billion, a PE ratio of -101.00, a PEG 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. The firm has a 50 day moving average of C$3.76 and a 200 day moving average of C$3.11.
New Gold (TSE:NGD - Get Free Report) ARCA: NGD last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.03 EPS for the quarter, beating analysts' consensus estimates of C$0.02 by C$0.01. The company had revenue of C$298.55 million during the quarter. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%.
Insider Buying and Selling at New Gold
In other news, Senior Officer Sean William Keating sold 50,000 shares of New Gold stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$3.63, for a total value of C$181,500.00. 4.92% of the stock is owned by corporate insiders.
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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