National Bank Financial Forecasts New Gold FY2025 Earnings

New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Equities researchers at National Bank Financial boosted their FY2025 earnings per share estimates for New Gold in a research note issued to investors on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of $0.70 for the year, up from their previous estimate of $0.56. National Bank Financial currently has a "Strong-Buy" rating on the stock. National Bank Financial also issued estimates for New Gold's FY2025 earnings at $0.70 EPS, FY2026 earnings at $1.36 EPS and FY2026 earnings at $1.36 EPS.

A number of other research firms also recently commented on NGD. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and lifted their target price for the stock from C$3.65 to C$5.45 in a report on Wednesday, March 26th. Raymond James Financial raised New Gold to a "hold" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, New Gold has an average rating of "Buy" and an average price target of C$4.68.

New Gold Stock Down 0.8%

TSE NGD traded down C$0.05 during trading on Friday, hitting C$5.92. The company's stock had a trading volume of 209,931 shares, compared to its average volume of 1,878,684. The company has a debt-to-equity ratio of 45.12, a current ratio of 1.42 and a quick ratio of 1.64. The company has a market cap of C$3.26 billion, a PE ratio of 162.01, a P/E/G ratio of -3.02 and a beta of 1.59. The business's 50 day simple moving average is C$6.28 and its 200-day simple moving average is C$5.08. New Gold has a fifty-two week low of C$2.79 and a fifty-two week high of C$6.95.

Insider Buying and Selling

In other New Gold news, Senior Officer Ankit Shah sold 42,699 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$5.67, for a total transaction of C$242,103.33. Also, Senior Officer Sean William Keating sold 25,000 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$6.26, for a total value of C$156,500.00. Insiders sold 116,747 shares of company stock valued at $663,463 over the last 90 days. Company insiders own 4.92% of the company's stock.

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.

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