New Gold Inc. (TSE:NGD – Free Report) (ARCA:NGD) – Equities research analysts at National Bank Financial increased their FY2024 earnings per share estimates for shares of New Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.25 per share for the year, up from their previous forecast of $0.24. National Bank Financial also issued estimates for New Gold’s FY2025 earnings at $0.52 EPS.
New Gold (TSE:NGD – Get Free Report) (ARCA:NGD) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.01. The firm had revenue of C$298.55 million for the quarter. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%.
View Our Latest Analysis on New Gold
New Gold Stock Performance
Shares of NGD stock opened at C$4.01 on Friday. The stock has a market capitalization of C$3.17 billion, a price-to-earnings ratio of -100.25, a PEG ratio of -3.02 and a beta of 1.59. New Gold has a one year low of C$1.44 and a one year high of C$4.37. The company’s 50-day simple moving average is C$3.77 and its 200-day simple moving average is C$3.12. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50.
Insiders Place Their Bets
In other news, Senior Officer Sean William Keating sold 50,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$3.63, for a total transaction of C$181,500.00. 4.92% of the stock is owned by corporate insiders.
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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