New Gold FY2025 EPS Increased by Raymond James Financial

Key Points

• Raymond James Financial has raised its FY2025 earnings per share (EPS) estimate for New Gold Inc. from $0.48 to $0.49, while maintaining a "Market Perform" rating and a price target of $7.00.
• The current consensus estimate for New Gold's full-year earnings is $0.25 per share, indicating significant potential upside based on Raymond James’ revised forecast.
• New Gold shares opened at $6.84 on Monday, with a 52-week trading range between $2.43 and $7.59 and a current market capitalization of $5.42 billion.

New Gold Inc. (NYSE:NGD - Free Report) - Raymond James Financial upped their FY2025 EPS estimates for shares of New Gold in a research note issued on Thursday, October 9th. Raymond James Financial analyst J. Elliott now expects that the company will earn $0.49 per share for the year, up from their prior estimate of $0.48. Raymond James Financial has a "Market Perform" rating and a $7.00 price objective on the stock. The consensus estimate for New Gold's current full-year earnings is $0.25 per share. Raymond James Financial also issued estimates for New Gold's Q4 2025 earnings at $0.21 EPS, Q1 2026 earnings at $0.25 EPS, Q2 2026 earnings at $0.25 EPS, Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $1.02 EPS.

Other equities research analysts also recently issued reports about the company. National Bankshares reaffirmed an "outperform" rating on shares of New Gold in a report on Tuesday, September 9th. CIBC upped their price objective on shares of New Gold from $6.50 to $9.50 and gave the company an "outperformer" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $5.81.

New Gold Price Performance

Shares of NYSE:NGD opened at $6.84 on Monday. New Gold has a one year low of $2.43 and a one year high of $7.59. The company has a market capitalization of $5.42 billion, a PE ratio of 52.62 and a beta of 0.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a fifty day moving average of $6.10 and a 200-day moving average of $4.86.

Institutional Trading of New Gold

A number of hedge funds have recently made changes to their positions in NGD. Employees Retirement System of Texas purchased a new stake in shares of New Gold in the second quarter worth approximately $32,000. Cary Street Partners Financial LLC purchased a new stake in New Gold in the 1st quarter worth approximately $37,000. SBI Securities Co. Ltd. lifted its position in New Gold by 1,837.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 8,933 shares of the company's stock worth $44,000 after buying an additional 8,472 shares in the last quarter. Nwam LLC purchased a new stake in shares of New Gold during the first quarter worth $45,000. Finally, Private Advisor Group LLC purchased a new stake in shares of New Gold during the first quarter worth $50,000. 42.82% of the stock is owned by hedge funds and other institutional investors.

About New Gold

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.

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