Analysts Set Expectations for New Gold FY2025 Earnings

Key Points

• Analysts at Raymond James Financial have raised their FY2025 earnings per share estimate for New Gold Inc. to $0.68, up from $0.66, and currently maintain a "Hold" rating on the stock.
• New Gold's market cap stands at C$7.58 billion with a current stock price of C$9.58, reflecting a low of C$3.43 and a high of C$10.59 over the past year.
• Several analysts, including those from National Bankshares and Canaccord Genuity Group, have recently upgraded their price targets for New Gold, with a consensus rating of "Buy" and an average target price of C$9.15.

New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Analysts at Raymond James Financial boosted their FY2025 earnings per share estimates for shares of New Gold in a research note issued on Thursday, October 9th. Raymond James Financial analyst J. Elliott now anticipates that the company will post earnings of $0.68 per share for the year, up from their prior estimate of $0.66. Raymond James Financial currently has a "Hold" rating on the stock. Raymond James Financial also issued estimates for New Gold's Q4 2025 earnings at $0.29 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.35 EPS, Q3 2026 earnings at $0.35 EPS, Q4 2026 earnings at $0.36 EPS and FY2026 earnings at $1.41 EPS.

NGD has been the subject of several other research reports. National Bankshares boosted their target price on New Gold from C$8.00 to C$9.50 and gave the stock an "outperform" rating in a research note on Tuesday, September 9th. Canaccord Genuity Group upped their price objective on shares of New Gold from C$9.00 to C$12.50 in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, New Gold currently has a consensus rating of "Buy" and an average target price of C$9.15.

New Gold Price Performance

Shares of TSE NGD opened at C$9.58 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12. The company has a market cap of C$7.58 billion, a price-to-earnings ratio of 47.90, a PEG ratio of -3.02 and a beta of 1.93. New Gold has a 12 month low of C$3.43 and a 12 month high of C$10.59. The stock has a 50-day moving average price of C$8.45 and a two-hundred day moving average price of C$6.72.

About New Gold

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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