National Bank Financial Forecasts New Gold FY2025 Earnings

New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Stock analysts at National Bank Financial lifted their FY2025 earnings estimates for New Gold in a report issued on Tuesday, April 22nd. National Bank Financial analyst M. Sidibe now anticipates that the company will earn $0.58 per share for the year, up from their prior forecast of $0.50. National Bank Financial currently has a "Strong-Buy" rating on the stock. National Bank Financial also issued estimates for New Gold's FY2026 earnings at $1.13 EPS.

Separately, Bank of America raised shares of New Gold from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from C$3.65 to C$5.45 in a research note on Wednesday, March 26th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, New Gold presently has an average rating of "Buy" and an average target price of C$4.34.

New Gold Trading Up 16.1 %

NGD stock traded up C$0.74 during trading on Friday, hitting C$5.34. The company had a trading volume of 3,217,964 shares, compared to its average volume of 1,841,490. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12. The firm has a market capitalization of C$2.94 billion, a P/E ratio of 146.13, a PEG ratio of -3.02 and a beta of 1.59. The company has a 50 day simple moving average of C$4.60 and a 200-day simple moving average of C$4.17. New Gold has a 52-week low of C$2.38 and a 52-week high of C$5.39.

Insider Activity

In related news, Senior Officer Keith Murphy sold 41,863 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total transaction of C$179,592.27. Insiders own 4.92% of the company's stock.

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.