New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Stock analysts at National Bank Financial lifted their FY2027 earnings per share (EPS) estimates for shares of New Gold in a research report issued to clients and investors on Wednesday, April 30th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings of $0.96 per share for the year, up from their previous forecast of $0.85. National Bank Financial has a "Strong-Buy" rating on the stock.
Separately, Bank of America raised New Gold from an "underperform" rating to a "buy" rating and upped their target price for the stock from C$3.65 to C$5.45 in a report 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$4.34.
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New Gold Price Performance
TSE NGD traded down C$0.22 during trading on Friday, hitting C$5.57. 881,517 shares of the company's stock were exchanged, compared to its average volume of 1,877,772. The stock's 50 day moving average price is C$4.75 and its two-hundred day moving average price 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. 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$3.06 billion, a PE ratio of 152.43, a P/E/G ratio of -3.02 and a beta of 1.59.
Insider Buying and Selling at New Gold
In related news, Senior Officer Sean William Keating sold 49,048 shares of New Gold stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of C$5.40, for a total value of C$264,859.20. Also, Senior Officer Keith Murphy sold 41,863 shares of New Gold stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$4.29, for a total transaction of C$179,592.27. Company insiders own 4.92% of the company's stock.
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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