New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Equities researchers at National Bank Financial lifted their FY2026 earnings estimates for New Gold in a research note issued to investors on Wednesday, October 30th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $0.73 per share for the year, up from their previous forecast of $0.44.
NGD has been the subject of a number of other reports. National Bankshares boosted their price target 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. BMO Capital Markets raised their price target on 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. Finally, Canaccord Genuity Group increased 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 research report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$3.71.
Check Out Our Latest Report on NGD
New Gold Trading Down 0.5 %
TSE:NGD traded down C$0.02 during trading hours on Monday, hitting C$3.84. 770,982 shares of the stock were exchanged, compared to its average volume of 1,436,307. The company has a market capitalization of C$3.04 billion, a P/E ratio of -97.75, a price-to-earnings-growth 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. The company's 50 day moving average is C$3.82 and its two-hundred day moving average is C$3.17. New Gold has a twelve month low of C$1.47 and a twelve month high of C$4.37.
Insider Activity at New Gold
In other news, Senior Officer Sean William Keating sold 45,833 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$4.17, for a total transaction of C$191,123.61. 4.92% of the stock is owned by insiders.
New Gold Company Profile
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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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