New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Investment analysts at National Bank Financial lifted their FY2026 EPS estimates for shares of New Gold in a report issued on Wednesday, October 30th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.73 per share for the year, up from their previous estimate of $0.44.
Other equities research analysts have also issued research reports about the company. Cibc World Mkts raised New Gold to a "strong-buy" rating in a research report on Wednesday, July 10th. BMO Capital Markets lifted their price objective on shares of New Gold from C$4.25 to C$4.50 in a report on Wednesday, July 31st. Canaccord Genuity Group increased their target price 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, National Bankshares raised their target price 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, New Gold has a consensus rating of "Buy" and a consensus target price of C$3.71.
Check Out Our Latest Research Report on NGD
New Gold Stock Down 0.8 %
Shares of NGD traded down C$0.03 during midday trading on Monday, hitting C$3.83. The stock had a trading volume of 965,693 shares, compared to its average volume of 1,437,224. The firm has a market cap of C$3.03 billion, a price-to-earnings ratio of -97.75, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The company has a 50 day simple moving average of C$3.82 and a two-hundred day simple moving average of C$3.17. New Gold has a twelve month low of C$1.47 and a twelve month high of C$4.37. The company has a debt-to-equity ratio of 52.45, a current ratio of 1.50 and a quick ratio of 1.64.
Insider Activity at New Gold
In other news, Senior Officer Sean William Keating sold 45,833 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$4.17, for a total value of C$191,123.61. 4.92% of the stock is owned by company 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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