New Gold FY2025 EPS Decreased by National Bank Financial

New Gold Inc. (NYSE:NGD - Free Report) - Research analysts at National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for shares of New Gold in a research report issued on Wednesday, April 30th. National Bank Financial analyst M. Sidibe now forecasts that the company will earn $0.40 per share for the year, down from their prior forecast of $0.42. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for New Gold's current full-year earnings is $0.25 per share.

A number of other analysts also recently issued reports on NGD. Raymond James set a $4.00 target price on shares of New Gold and gave the stock a "market perform" rating in a research report on Friday, April 4th. Bank of America raised shares of New Gold from an "underperform" rating to a "buy" rating and raised their price target for the stock from $2.60 to $3.90 in a research report on Wednesday, March 26th. StockNews.com downgraded New Gold from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. CIBC dropped their price target on New Gold from $3.60 to $3.40 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, National Bankshares restated an "outperform" rating on shares of New Gold in a research report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $3.85.

New Gold Trading Up 6.9 %

NGD stock traded up $0.27 during trading on Monday, reaching $4.20. 29,336,379 shares of the stock traded hands, compared to its average volume of 12,568,810. The business's 50 day moving average price is $3.36 and its 200-day moving average price is $2.98. The firm has a market capitalization of $3.32 billion, a PE ratio of 32.31 and a beta of 0.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.84. New Gold has a 52-week low of $1.74 and a 52-week high of $4.20.

Institutional Investors Weigh In On New Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in New Gold by 2.0% during the third quarter. Geode Capital Management LLC now owns 372,373 shares of the company's stock valued at $1,084,000 after purchasing an additional 7,394 shares during the last quarter. DGS Capital Management LLC purchased a new position in shares of New Gold in the fourth quarter worth approximately $30,000. Caprock Group LLC grew its position in New Gold by 118.2% during the 4th quarter. Caprock Group LLC now owns 1,745,627 shares of the company's stock worth $4,329,000 after purchasing an additional 945,453 shares in the last quarter. JGP Global Gestao de Recursos Ltda. raised its stake in New Gold by 27.8% during the 4th quarter. JGP Global Gestao de Recursos Ltda. now owns 6,500,000 shares of the company's stock valued at $16,120,000 after purchasing an additional 1,412,003 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of New Gold by 0.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,471,000 shares of the company's stock valued at $3,669,000 after purchasing an additional 4,500 shares in the last quarter. 42.82% of the stock is owned by institutional investors and hedge funds.

New Gold Company Profile

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.