New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Stock analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for shares of New Gold in a report issued on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings per share of $0.70 for the year, up from their prior forecast of $0.56. 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.
Other equities analysts also recently issued reports about the company. Bank of America upgraded New Gold from an "underperform" rating to a "buy" rating and lifted their target price for the company from C$3.65 to C$5.45 in a research report on Wednesday, March 26th. Raymond James Financial upgraded New Gold to a "hold" rating in a research report on Monday, June 30th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$4.68.
Check Out Our Latest Analysis on NGD
New Gold Stock Performance
Shares of NGD stock traded up C$0.24 on Friday, reaching C$6.15. The stock had a trading volume of 2,210,548 shares, compared to its average volume of 1,888,904. The stock has a market cap of C$3.38 billion, a P/E ratio of 168.30, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. New Gold has a 1 year low of C$2.79 and a 1 year 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 company has a 50 day simple moving average of C$6.28 and a 200 day simple moving average of C$5.12.
Insider Buying and Selling at New Gold
In other New Gold news, Senior Officer Sean William Keating sold 49,048 shares of the company's stock in a transaction 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 Ankit Shah sold 42,699 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$5.67, for a total transaction of C$242,103.33. Over the last three months, insiders sold 116,747 shares of company stock worth $663,463. 4.92% of the stock is owned by insiders.
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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