National Bank Financial Estimates New Gold FY2025 Earnings

New Gold Inc. (NYSE:NGD) – Analysts at National Bank Financial increased their FY2025 EPS estimates for shares of New Gold in a report released on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now expects that the company will post earnings of $0.51 per share for the year, up from their prior estimate of $0.40. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for New Gold’s current full-year earnings is $0.25 per share.

A number of other analysts have also recently weighed in on the stock. Raymond James Financial upgraded shares of New Gold to a “hold” rating and set a $4.00 price objective for the company in a research note on Monday, June 30th. CIBC boosted their target price on shares of New Gold from $5.50 to $6.25 and gave the stock an “outperformer” rating in a research report on Tuesday. New Street Research set a $3.90 target price on shares of New Gold in a research report on Wednesday, March 26th. Bank of America raised shares of New Gold from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $2.60 to $3.90 in a research report on Wednesday, March 26th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of New Gold in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $4.38.

New Gold Stock Down 1.0%

New Gold stock traded down $0.05 during mid-day trading on Friday, hitting $4.30. 2,024,172 shares of the company’s stock were exchanged, compared to its average volume of 15,237,442. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.40 billion, a P/E ratio of 33.04 and a beta of 0.45. New Gold has a 1-year low of $1.94 and a 1-year high of $5.16. The stock has a 50 day moving average of $4.57 and a two-hundred day moving average of $3.63.

Institutional Investors Weigh In On New Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Cary Street Partners Financial LLC bought a new stake in shares of New Gold in the 1st quarter worth about $37,000. SIH Partners LLLP bought a new stake in shares of New Gold in the 4th quarter worth about $27,000. Tudor Investment Corp ET AL bought a new stake in shares of New Gold in the 4th quarter worth about $27,000. Nwam LLC bought a new stake in shares of New Gold in the 1st quarter worth about $45,000. Finally, Samalin Investment Counsel LLC bought a new stake in shares of New Gold in the 4th quarter worth about $32,000. Institutional investors own 42.82% of the company’s stock.

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.