New Gold (TSE:NGD - Get Free Report) ARCA: NGD was upgraded by equities research analysts at Raymond James Financial to a "hold" rating in a report released on Monday,Zacks.com reports. Raymond James Financial also issued estimates for New Gold's Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.26 EPS and FY2025 earnings at $0.63 EPS.
Several other analysts have also recently weighed in on the company. National Bank Financial raised New Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America raised New Gold from an "underperform" rating to a "buy" rating and upped their price target for the stock from C$3.65 to C$5.45 in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$4.68.
Check Out Our Latest Analysis on NGD
New Gold Trading Down 1.6%
Shares of NGD traded down C$0.11 during mid-day trading on Monday, hitting C$6.66. 1,802,092 shares of the company's stock traded hands, compared to its average volume of 1,944,043. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12. The firm has a market capitalization of C$3.66 billion, a P/E ratio of 182.26, a PEG ratio of -3.02 and a beta of 1.59. The business's 50-day moving average price is C$6.01 and its 200-day moving average price is C$4.87. New Gold has a 1 year low of C$2.74 and a 1 year high of C$6.95.
Insider Buying and Selling
In other news, Senior Officer Sean William Keating sold 25,000 shares of the 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. Also, Senior Officer Ankit Shah sold 42,699 shares of New Gold stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$5.67, for a total value of C$242,103.33. Over the last three months, insiders sold 116,747 shares of company stock worth $663,463. Insiders own 4.92% of the company's stock.
About New Gold
(
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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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