New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Analysts at Scotiabank boosted their FY2024 earnings estimates for shares of New Gold in a report issued on Wednesday, January 8th. Scotiabank analyst E. Winmill now expects that the company will earn $0.24 per share for the year, up from their previous estimate of $0.17. Scotiabank also issued estimates for New Gold's FY2025 earnings at $0.39 EPS.
New Gold Stock Performance
NGD opened at C$3.89 on Monday. New Gold has a one year low of C$1.47 and a one year high of C$4.38. The company has a debt-to-equity ratio of 52.45, a current ratio of 1.50 and a quick ratio of 1.64. The firm has a market capitalization of C$3.08 billion, a PE ratio of -97.25, a P/E/G ratio of -3.02 and a beta of 1.59. The business's 50-day moving average price is C$3.80.
Insider Buying and Selling
In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total transaction of C$425,000.00. 4.92% of the stock is currently 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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