New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Stock analysts at National Bank Financial cut their FY2025 earnings per share (EPS) estimates for shares of New Gold in a report released on Wednesday, April 30th. National Bank Financial analyst M. Sidibe now expects that the company will post earnings per share of $0.56 for the year, down from their prior forecast of $0.58. National Bank Financial currently has a "Strong-Buy" rating on the stock.
Separately, Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and raised their target price for the stock from C$3.65 to C$5.45 in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$4.34.
View Our Latest Stock Analysis on New Gold
New Gold Stock Down 2.9 %
TSE NGD traded down C$0.17 during trading on Monday, hitting C$5.62. The company's stock had a trading volume of 2,346,611 shares, compared to its average volume of 1,894,756. The company has a market cap of C$3.09 billion, a PE ratio of 153.80, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. The business's 50 day simple moving average is C$4.75 and its 200-day simple moving average is C$4.23. New Gold has a fifty-two week low of C$2.38 and a fifty-two week high of C$5.79.
Insider Buying and Selling at New Gold
In other news, Senior Officer Keith Murphy sold 41,863 shares of New Gold stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total transaction of C$179,592.27. Also, Senior Officer Sean William Keating sold 49,048 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of C$5.40, for a total transaction of C$264,859.20. 4.92% of the stock is owned by corporate insiders.
New Gold Company Profile
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New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.
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