FY2024 EPS Estimates for New Gold Inc. (TSE:NGD) Lowered by National Bank Financial

New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - National Bank Financial lowered their FY2024 earnings estimates for New Gold in a note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.10 per share for the year, down from their prior estimate of $0.12. National Bank Financial currently has a "Sector Perform Spec Overwgt" rating on the stock. The consensus estimate for New Gold's current full-year earnings is $0.14 per share. National Bank Financial also issued estimates for New Gold's FY2025 earnings at $0.21 EPS.

New Gold (TSE:NGD - Get Free Report) ARCA: NGD last issued its earnings results on Tuesday, February 13th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.04). New Gold had a negative return on equity of 7.38% and a negative net margin of 8.20%. The business had revenue of C$271.22 million for the quarter.

A number of other analysts have also recently weighed in on NGD. Bank of America raised their price target on shares of New Gold from C$1.90 to C$2.30 in a report on Tuesday, April 9th. National Bankshares lowered their price target on shares of New Gold from C$2.25 to C$2.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 20th.

New Gold Stock Down 3.3 %

New Gold stock traded down C$0.08 during midday trading on Monday, hitting C$2.33. 1,288,169 shares of the company's stock were exchanged, compared to its average volume of 1,356,658. The company has a debt-to-equity ratio of 50.84, a quick ratio of 1.64 and a current ratio of 1.54. New Gold has a 12 month low of C$1.17 and a 12 month high of C$2.67. The firm has a 50-day moving average of C$2.08 and a two-hundred day moving average of C$1.86. The company has a market cap of C$1.60 billion, a PE ratio of -19.42, a P/E/G ratio of -3.02 and a beta of 1.52.

New Gold Company Profile

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.