New Gold Inc. (NYSE:NGD - Free Report) - Investment analysts at Raymond James Financial issued their Q2 2025 earnings per share (EPS) estimates for New Gold in a report released on Monday, June 30th. Raymond James Financial analyst J. Elliott anticipates that the company will earn $0.10 per share for the quarter. Raymond James Financial currently has a "Hold" rating and a $4.00 target price 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 Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.45 EPS.
A number of other analysts have also recently issued reports on NGD. CIBC raised their price objective on New Gold from $3.40 to $4.75 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. New Street Research set a $3.90 price target on New Gold in a report on Wednesday, March 26th. Scotiabank reaffirmed an "outperform" rating on shares of New Gold in a research report on Monday, April 14th. Wall Street Zen upgraded shares of New Gold from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Bank of America upgraded shares of New Gold from an "underperform" rating to a "buy" rating and raised their target price for the stock from $2.60 to $3.90 in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $4.13.
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New Gold Stock Performance
New Gold stock traded down $0.02 during midday trading on Wednesday, reaching $4.90. 17,788,663 shares of the company's stock were exchanged, compared to its average volume of 14,985,424. The stock's 50-day simple moving average is $4.34 and its 200 day simple moving average is $3.46. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 37.70 and a beta of 0.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.39. New Gold has a 52 week low of $1.92 and a 52 week high of $5.16.
Institutional Investors Weigh In On New Gold
Hedge funds and other institutional investors have recently modified their holdings of the company. Pale Fire Capital SE acquired a new position in shares of New Gold in the first quarter valued at about $23,920,000. Hillsdale Investment Management Inc. boosted its holdings in New Gold by 97.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 9,482,782 shares of the company's stock valued at $23,657,000 after purchasing an additional 4,671,399 shares during the period. JGP Global Gestao de Recursos Ltda. boosted its holdings in New Gold by 64.4% in the 1st quarter. JGP Global Gestao de Recursos Ltda. now owns 10,687,997 shares of the company's stock valued at $39,652,000 after purchasing an additional 4,187,997 shares during the period. Dimensional Fund Advisors LP grew its position in New Gold by 97.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,944,585 shares of the company's stock worth $14,742,000 after buying an additional 2,931,470 shares in the last quarter. Finally, American Century Companies Inc. grew its position in New Gold by 23.7% during the first quarter. American Century Companies Inc. now owns 15,149,653 shares of the company's stock worth $56,033,000 after buying an additional 2,898,895 shares in the last quarter. Institutional investors and hedge funds own 42.82% of the company's stock.
New Gold Company Profile
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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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