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FY2025 EPS Estimates for New Gold Raised by Analyst

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Key Points

  • National Bank Financial has increased its FY2025 EPS estimate for New Gold from $0.51 to $0.52, while the current consensus estimate is $0.25 per share.
  • The stock has received multiple upgrades from analysts, with a consensus rating of "Buy" and an average target price of $4.38.
  • New Gold's stock was up 4.4%, with current trading at $4.31, showing significant improvement from its one-year low of $1.94.
  • Want stock alerts on New Gold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

New Gold Inc. (NYSE:NGD - Free Report) - Stock analysts at National Bank Financial lifted their FY2025 earnings per share estimates for New Gold in a research report issued on Monday, July 28th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of $0.52 for the year, up from their previous estimate of $0.51. The consensus estimate for New Gold's current full-year earnings is $0.25 per share. National Bank Financial also issued estimates for New Gold's FY2027 earnings at $0.81 EPS.

NGD has been the subject of several other research reports. Scotiabank reissued an "outperform" rating on shares of New Gold in a research note on Monday, April 14th. Raymond James Financial raised shares of New Gold to a "hold" rating and set a $4.00 price objective on the stock in a report on Monday, June 30th. CIBC lifted their price target on shares of New Gold from $5.50 to $6.25 and gave the stock an "outperformer" rating in a report on Tuesday, July 15th. Wall Street Zen raised shares of New Gold from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of New Gold in a report on Tuesday, June 24th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, New Gold presently has a consensus rating of "Buy" and an average target price of $4.38.

Get Our Latest Analysis on NGD

New Gold Trading Up 1.7%

NGD traded up $0.07 on Wednesday, hitting $4.26. The company had a trading volume of 12,920,025 shares, compared to its average volume of 20,308,570. The company has a market cap of $3.37 billion, a PE ratio of 32.77 and a beta of 0.45. New Gold has a 12-month low of $1.94 and a 12-month high of $5.16. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.38. The business's fifty day simple moving average is $4.65 and its 200 day simple moving average is $3.77.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NGD. SIH Partners LLLP acquired a new position in shares of New Gold during the 4th quarter worth about $27,000. Tudor Investment Corp ET AL acquired a new position in shares of New Gold during the 4th quarter worth about $27,000. Cary Street Partners Financial LLC acquired a new position in shares of New Gold during the 1st quarter worth about $37,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of New Gold during the 4th quarter worth about $39,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of New Gold during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 42.82% of the company's stock.

New Gold Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for New Gold (NYSE:NGD)

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