New Gold Inc. (NYSE:NGD – Free Report) – Stock analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for New Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.18 per share for the year, up from their previous forecast of $0.17. The consensus estimate for New Gold’s current full-year earnings is $0.15 per share. National Bank Financial also issued estimates for New Gold’s FY2025 earnings at $0.38 EPS.
New Gold (NYSE:NGD – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $218.20 million for the quarter. New Gold had a positive return on equity of 5.22% and a negative net margin of 2.53%.
Read Our Latest Stock Report on New Gold
New Gold Trading Down 1.4 %
Shares of New Gold stock opened at $2.88 on Friday. The firm’s 50 day moving average is $2.80. The company has a market cap of $2.28 billion, a price-to-earnings ratio of -28.80 and a beta of 1.30. New Gold has a 1 year low of $1.03 and a 1 year high of $3.25. The company has a quick ratio of 0.98, a current ratio of 1.50 and a debt-to-equity ratio of 0.52.
Institutional Investors Weigh In On New Gold
Institutional investors have recently modified their holdings of the company. Scientech Research LLC acquired a new position in New Gold in the second quarter valued at $28,000. Coppell Advisory Solutions Corp. bought a new position in shares of New Gold in the 1st quarter worth about $30,000. Allworth Financial LP lifted its stake in shares of New Gold by 941.8% in the 3rd quarter. Allworth Financial LP now owns 10,418 shares of the company’s stock valued at $30,000 after purchasing an additional 9,418 shares during the period. Eastern Bank bought a new stake in shares of New Gold during the 3rd quarter valued at about $33,000. Finally, Rathbones Group PLC acquired a new stake in New Gold during the second quarter worth approximately $36,000. 42.82% of the stock is owned by institutional investors.
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.
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