New Gold FY2025 EPS Lifted by National Bank Financial

Key Points

• National Bank Financial has upgraded their FY2025 earnings per share (EPS) estimate for New Gold Inc. to $0.71, slightly increased from the previous $0.70 forecast.
• Raymond James Financial has raised New Gold's rating to a "hold," with the stock currently holding a consensus rating of "Buy" and an average target price of C$4.68.
• Recent insider trading shows significant selling activity, with senior officers offloading a total of 116,747 shares worth approximately $663,463 in the last ninety days.

New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Equities researchers at National Bank Financial upped their FY2025 EPS estimates for New Gold in a research note issued to investors on Monday, July 28th. National Bank Financial analyst M. Sidibe now forecasts that the company will earn $0.71 per share for the year, up from their prior estimate of $0.70. National Bank Financial also issued estimates for New Gold's FY2027 earnings at $1.11 EPS.

Separately, Raymond James Financial raised shares of New Gold to a "hold" rating in a research note on Monday, June 30th.

New Gold Stock Up 1.4%

Shares of TSE NGD traded up C$0.08 during mid-day trading on Wednesday, reaching C$5.88. The company had a trading volume of 1,123,099 shares, compared to its average volume of 1,876,882. New Gold has a twelve month low of C$2.80 and a twelve month high of C$6.95. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. The stock has a market capitalization of C$3.24 billion, a PE ratio of 160.91, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The stock's 50 day moving average is C$6.37 and its 200-day moving average is C$5.26.

Insiders Place Their Bets

In related news, Senior Officer Ankit Shah sold 42,699 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$5.67, for a total value of C$242,103.33. Also, Senior Officer Sean William Keating sold 25,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$6.26, for a total transaction of C$156,500.00. Insiders sold 116,747 shares of company stock valued at $663,463 over the last quarter. 4.92% of the stock is currently owned by corporate insiders.

New Gold Company Profile

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.