New Gold Inc. (TSE:NGD - Free Report) ARCA: NGD - Equities researchers at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of New Gold in a report released on Sunday, April 13th. Scotiabank analyst E. Winmill now expects that the company will earn $0.53 per share for the year, down from their prior estimate of $0.54.
NGD has been the topic of several other research reports. National Bank Financial raised New Gold to a "strong-buy" rating in a research note 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 report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, New Gold has an average rating of "Buy" and a consensus price target of C$4.34.
View Our Latest Stock Report on NGD
New Gold Stock Down 0.4 %
Shares of NGD stock traded down C$0.02 during trading hours on Wednesday, hitting C$5.04. 842,753 shares of the company were exchanged, compared to its average volume of 1,801,718. New Gold has a 52 week low of C$2.29 and a 52 week high of C$5.39. The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12. The business has a 50 day moving average of C$4.52 and a two-hundred day moving average of C$4.13. The company has a market capitalization of C$2.77 billion, a PE ratio of 137.92, a PEG ratio of -3.02 and a beta of 1.59.
Insider Activity
In other New Gold news, Senior Officer Keith Murphy sold 41,863 shares of New Gold stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total value of C$179,592.27. 4.92% of the stock is owned by company insiders.
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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